Authors: Jamie Pratt
ISBN-13: 9780470128824, ISBN-10: 0470128828
Format: Hardcover
Publisher: Wiley, John & Sons, Incorporated
Date Published: May 2008
Edition: 7th Edition
Jamie Pratt, PhD, is a KPMG Professor of Accounting at Indiana University. He has authored several articles as well as two other texts. Dr. Pratt currently serves as the secretary of the board for the Pratt Corporation and is on the Educational Advisory Committee of the American Accounting Association (AAA). He previously served in the capacity of program chair of the AAA, associate editor forThe Accounting Review, and various editorial boards.
Discover the keys to creating long-term shareholder value.
The goal of every successful manager is to generate the best return on equity possible— creating, in turn, long-term value for shareholders. The tools of every good manager are a thorough understanding of economic factors, measurement issues, and the principles of decision making.
The integrative approach to accounting and finance found in Jamie Pratt’s Financial Accounting in an Economic Context, Seventh Edition helps you acquire these essential tools so you can make proper decisions based on a complete financial picture. And its real-world cases, rooted in today’s business environment, enable you to develop an intuitive grasp of the balance between economics, internal controls, international standards, and ethics in your decision making.
Keeping pace with the fast-changing business environment, this revised and updated edition adds new coverage of:
The fifth edition of this text on introductory financial reporting and analysis contains new elements designed to enhance the text's economic decision-making theme, and updated real-world references, many on the Internet-based economy. For this edition, questions are placed within chapters rather than at the end, and all questions and exercises refer to real-world companies and events. Sections cover financial accounting and its economic contact, use of financial statements, assets, liabilities and stockholders' equity, and income and cash flows. Pratt teaches accounting and chairs the Department of Accounting and Information Systems at Indiana University. Annotation c. Book News, Inc., Portland, OR (booknews.com)
1 Financial Accounting and Its Economic Context 2
2 The Financial Statements 33
3 The Measurement Fundamentals of Financial Accounting 74
4 The Mechanics of Financial Accounting 106
5 Using Financial Statement Information 166
6 The Current Asset Classification, Cash, and Accounts Receivable 228
7 Merchandise Inventory 274
8 Investments in Equity Securities 313
9 Long-Lived Assets 362
10 Introduction to Liabilities: Economic Consequences, Current Liabilities, and Contingencies 410
11 Long-term Liabilities: Notes, Bonds, and Leases 457
12 Shareholders' Equity 511
13 The Complete Income Statement 564
14 The Statement of Cash Flows 605
App. A The Time Value of Money 662
App. B Quality of Earnings Cases: A Comprehensive Review 687
App. C 2006 Pepsico Annual Report 720
Glossary 754
Subject Index 781
Company Index 789