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Corporate Financial Accounting » (10th Edition)

Book cover image of Corporate Financial Accounting by Carl S. Warren

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
ISBN-13: 9780324663839, ISBN-10: 0324663838
Format: Paperback
Publisher: Cengage Learning
Date Published: October 2008
Edition: 10th Edition

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Author Biography: Carl S. Warren

Dr. Carl S. Warren is Professor Emeritus of Accounting at the University of Georgia, Athens. Dr. Warren has taught classes at the University of Georgia, University of Iowa, Michigan State University, and University of Chicago. He focused his teaching efforts on principles of accounting and auditing. Dr. Warren received his PhD from Michigan State University and his BBA and MA from the University of Iowa. During his career, Dr. Warren published numerous articles in professional journals, including THE ACCOUNTING REVIEW, JOURNAL OF ACCOUNTING RESEARCH, JOURNAL OF ACCOUNTANCY, THE CPA JOURNAL, and AUDITING: A JOURNAL OF PRACTICE AND THEORY. Dr. Warren has served on numerous committees of the American Accounting Association, the American Institute of Certified Public Accountants, and the Institute of Internal Auditors. He also has consulted with numerous companies and public accounting firms. His outside interests include playing handball, golfing, skiing, backpacking, and fly-fishing.

Dr. James M. Reeve is Professor Emeritus of Accounting and Information Management at the University of Tennessee. Professor Reeve taught as part of the accounting faculty for 25 years after graduating with his PhD from Oklahoma State University. His teaching effort focused on undergraduate accounting principles and graduate education in the Master of Accountancy and Senior Executive MBA programs. Beyond this, Professor Reeve is very active in the Supply Chain Certification program, which is a major executive education and research effort of the college. His research interests are varied and include work in managerial accounting, supply chain management, lean manufacturing, and information management. He has published over 40 articles in academic and professional journals, including Journal of Cost Management, Journal of Management Accounting Research, Accounting Review, Management Accounting Quarterly, Supply Chain Management Review, and Accounting Horizons. He has consulted or provided training around the world for a variety of organizations, including Boeing, Procter & Gamble, Norfolk Southern, Hershey Foods, Coca-Cola, and Sony. When not writing books, Professor Reeve plays golf and is involved in faith-based activities.

Dr. Jonathan Duchac is the Merrill Lynch and Co. Professor of Accounting and is Director of the Program in Enterprise Risk Management at Wake Forest University. He earned his PhD in accounting from the University of Georgia and currently teaches introductory and advanced courses in financial accounting. Dr. Duchac has received a number of awards during his career, including the Wake Forest University Outstanding Graduate Professor Award, the T.B. Rose award for Instructional Innovation, and the University of Georgia Outstanding Teaching Assistant Award. In addition to his teaching responsibilities, Dr. Duchac has served as Accounting Advisor to Merrill Lynch Equity Research, where he worked with research analysts in reviewing and evaluating the financial reporting practices of public companies. He has testified before the U.S. House of Representatives, the Financial Accounting Standards Board, and the Securities and Exchange Commission and has worked with a number of major public companies on financial reporting and accounting policy issues. In addition to his professional interests, Dr. Duchac is Treasurer of The Special Children's School of Winston-Salem, a private, nonprofit developmental day school serving children with special needs. Dr. Duchac is an avid long-distance runner, mountain biker, and snow skier. His recent events include the Grandfather Mountain Marathon, the Black Mountain Marathon, the Shut-In Ridge Trail run, and NO MAAM (Nocturnal Overnight Mountain Bike Assault on Mount Mitchell).

Book Synopsis

This textbook covers the standard accounting topics, including: analyzing transactions; the matching concept and the adjusting process; the accounting cycle; accounting for merchandising businesses; accounting systems, internal controls, and cash; receivables; inventories; fixed assets and intangible assets; current liabilities; organization, capital stock transactions, and dividends; income taxes, unusual income items, and investments; bonds; statement of cash flows; and financial statement analysis. The authors have taught accounting at the University of Georgia, the University of Tennessee, and the University of Illinois. Annotation ©2004 Book News, Inc., Portland, OR

Booknews

An introductory text that provides an overview of basic accounting principles, the profession of accounting, and how accounting concepts help businesses make good decisions. The three authors are associated with the U. of Georgia, U. of Tennessee, and U. of Illinois. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Table of Contents

Ch. 1Introduction to Accounting and Business1
Ch. 2Analyzing Transactions43
Ch. 3The Matching Concept and the Adjusting Process96
Ch. 4Completing the Accounting Cycle133
Ch. 5Accounting for Merchandising Businesses183
Ch. 6Accounting Systems, Internal Controls, and Cash231
Ch. 7Receivables277
Ch. 8Inventories310
Ch. 9Fixed Assets and Intangible Assets348
Ch. 10Current Liabilities387
Ch. 11Corporations: Organization, Capital Stock Transactions, and Dividends431
Ch. 12Corporations: Income and Taxes, Stockholders' Equity, and Investments in Stocks463
Ch. 13Bonds Payable and Investments in Bonds502
Statement of Cash Flows542
Financial Statement Analysis591
Ch. 14Introduction to Managerial Accounting and Job Order Cost Systems633
Ch. 15Process Cost Systems680
Ch. 16Cost Behavior and Cost-Volume-Profit Analysis714
Ch. 17Profit Reporting for Management Analysis756
Ch. 18Budgeting795
Ch. 19Performance Evaluation Using Variances from Standard Costs841
Ch. 20Performance Evaluation for Decentralized Operations875
Ch. 21Differential Analysis and Product Pricing913
Ch. 22Capital Investment Analysis948
Ch. 23Cost Allocation and Activity-Based Costing981
Ch. 24Cost Management for Just-in-Time Manufacturers1020
App. AInterest Tables
App. BCodes of Professional Ethics
App. CAlternative Methods of Recording Deferrals
App. DSpecial Journals and Subsidiary Ledgers
App. EPeriodic Inventory Systems for Merchandising Businesses
App. FForeign Currency Transactions
App. GHershey Foods Corporation Annual Report

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