Financial Accounting: Information for Decisions » (6th Edition)

Robert W. Ingram is the Ross-Culverhouse Chair in the Culverhouse School of Accountancy at the University of Alabama. He teaches courses in financial accounting and has been actively involved in course curriculum development. He has served as Director of Education for the American Accounting Association, as a member of the Accounting Education Change Commission, and as editor of Issues in Accounting Education, a journal dedicated to accounting education research.

Professor Ingram is a Certified Public Accountant and holds a Ph.D. from Texas Tech University. Prior to joining the faculty at the University of Alabama, he held positions at the University of South Carolina and the University of Iowa, and a visiting appointment at the University of Chicago. His research, which examines financial reporting and accounting education, has been published widely in accounting and business journals. He is the recipient of the National Alumni Association Outstanding Commitment to Teaching Award and the Burlington Northern Foundation Faculty Achievement in Research Award at the University of Alabama. He has also received the Notable Contribution to Literature Award of the Government and Nonprofit Section of the American Accounting Association and the Award for Excellence and Professional Contributions of the Alabama Association for Higher Education in Business.

Professor Ingram is married and has two children. He and his family enjoy sports, travel, reading, music, and art. They live contentedly in Tuscaloosa, Alabama.

Thomas L. Albright is the J. Reese Phifer Faculty Fellow in the Culverhouse School of Accountancy at the University of Alabama. He teaches courses at theundergraduate and graduate level in financial and managerial accounting. Professor Albright has received the Professor of the Year award on seven occasions in relation to his work with the MBA and Executive MBA students.

Professor Albright is a Certified Public Accountant (California) and holds a Ph.D. from the University of Tennessee. He has received the Certificate of Merit from the Institute of Management Accountants for his work in the area of quality costs. Dr. Albright is actively involved with manufacturing companies in both the United States and Mexico. His work is used to help companies determine more accurate product costs and to develop better performance measures to achieve manufacturing excellence.

Professor Albright lives with his wife, Debby, and their two children, Michael and Jenny. He enjoys scuba diving, underwater photography, and sailing.

Bruce A. Baldwin is Professor of Accounting in the School of Management at Arizona State University West. He has held previous faculty appointments at Arizona State University Main, Portland State University, and Linfield College (Oregon). In addition, he has held visiting appointments at the University of Texas-Austin and the University of Alabama. His primary teaching interests involve financial accounting and reporting issues in courses at both the undergraduate and graduate levels. He is known as a challenging and effective teacher and has won several teaching awards.

Professor Baldwin is well-known for his interest in accounting education issues and has special expertise in testing and measurement. He has served as a consultant to a number of national testing organizations and chaired two AICPA task forces that developed employee assessment materials. Currently he is a member of the Certification Advisory Committee of the Arizona State Board of Accountancy. Dr. Baldwin's research articles on accounting policy standards and accounting education have appeared frequently in journals such as the Accounting Review, Journal of Accounting Education, Advances in Accounting, and Issues in Accounting Education. He has served as the associate editor of both the Journal of Accounting Education and of Accounting Education: An International Journal.

Professor Baldwin is married and has two children and four grandchildren. He and his wife Connie live busy and sometimes hectic lives in Phoenix, Arizona. At every possible opportunity they escape to the serenity of the beach at Puerto Penasco, Mexico.

Explaining accounting as a way of understanding businesses and a means for evaluating them, this text first covers the accounting information system, including the role of accounting in an organization, the use of accounting information, measurement, processing and reporting accounting information, and the statement of cash flows. The second part focuses on the analysis and interpretation of financial accounting information, including the time value of money and financing, investing, and operating activities and their analysis. The fifth edition features a new case study of a start-up cookie business, a revised spreadsheet presentation, and new coverage of ethics. Annotation ©2003 Book News, Inc., Portland, OR

SECTION I: THE ACCOUNTING INFORMATION SYSTEM. 1. Accounting and Organizations. 2. Business Activities - The Source of Accounting Information. 3. Measuring Revenues and Expenses. 4. Reporting Earnings and Financial Position. 5. Reporting Cash Flows. 6. Full and Fair Reporting. 7. Computerized Accounting Systems SECTION II: ANALYSIS AND INTERPRETATION OF FINANCIAL ACCOUNTING INFORMATION. 8. The Time Value of Money. 9. Financing Activities. 10. Analysis of Financing Activities. 11. Investing Activities. 12. Analysis of Investing Activities. 13. Operating Activities. 14. Analysis of Operating Activities. Appendix A: General Mills, Inc. 2004 Annual Report. Appendix B: Sources of Information about Companies and Industries.