Management Decisions and Financial Accounting Reports » (2nd Edition)

Stephen P. Baginski is the Herbert E. Miller Chair in Financial Accounting at the University of Georgia's J.M. Tull School of Accounting. He received his Ph.D. from the University of Illinois in 1986, and he has taught a variety of financial and managerial undergraduate, MBA, and executive education courses at Indiana University, Illinois State University, the University of Illinois, Northeastern University, Florida State University, Washington University in St. Louis, the University of St. Galen, the Swiss Banking Institute at the University of Zurich, and INSEAD. Professor Baginski has published articles in a variety of journals including The Accounting Review, Journal of Accounting Research, Contemporary Accounting Research, The Journal of Risk and Insurance, Quarterly Review of Finance and Economics, and Review of Quantitative Finance and Accounting. His research primarily deals with the causes and consequences of voluntary management disclosures of earnings forecasts, and he also investigates the usefulness of financial accounting information in security pricing and risk assessment. Professor Baginski has served on several editorial boards and as an associate editor at Accounting Horizons and The Review of Quantitative Finance and Accounting. He has won numerous undergraduate and graduate teaching awards at the department, college, and university level during his career, including receipt of the Doctoral Student Inspiration Award from students at Indiana University. Professor Baginski loves to watch college football, play golf, and run (very slowly) in his spare time.

John Hassell is Professor of Accounting at Indiana University's Kelley School of Business, Indianapolis. Prior to his Kelley School of Business appointment, Professor Hassell taught at Florida State University, The University of Texas at Arlington, and the University of Utah. Professor Hassell's primary teaching emphasis is financial accounting. During his career, he has taught at the undergraduate, masters, and doctoral levels, and he primarily teaches intermediate accounting.

Professor Hassell has published articles in a wide variety of journals, including The Accounting Review; Contemporary Accounting Research; Accounting, Organizations and Society; European Journal of Operational Research; Review of Quantitative Finance and Accounting; Journal of Accounting Education; and Advances in Accounting. His research interests deal primarily with the topics of voluntary management disclosures and accounting education issues.

In their free time, Professor Hassell and his wife enjoy reading, movies, Indiana University and Indianapolis Colts football games, the theater, and daily walks with their two black Labrador retrievers.

Intermediate Accounting: Management Decisions and Financial Accounting Reports is the first text on the market that is brief enough to be used in the emerging one-semester intermediate accounting course. Baginski and Hassell teach students what they will need to know as managers: how business decisions affect financial statements.

SECTION I: FROM DECISIONS TO FINANCIAL STATEMENTS - REVIEW OF BASIC CONCEPTS 1. Managerial Decisions and Financial Statements Module A. Financial Statements and External Decision Making SECTION II: HOW FINANCING DECISIONS ARE REFLECTED IN FINANCIAL STATEMENTS 2. Financing Decisions - Introduction and Equity Decisions 3. Financing Decisions - Debt 4. Financing Decisions - Leasing 5. Financing Decisions - Reducing Outstanding Equity and Debt Module B. The External User's Assessment of Management's Debt and Equity Financing Activities SECTION III: HOW INVESTING DECISIONS ARE REFLECTED IN FINANCIAL STATEMENTS 6. Investment Decisions - Investing in Productive Assets 7. Investment Decisions - Investing in Other Firms' Debt 8. Investment Decisions - Investing in Other Firms' Equity Securities Module C. The External User's Assessment of Management's Investing Activities SECTION IV: HOW OPERATING DECISIONS ARE REFLECTED IN FINANCIAL STATEMENTS 9. Preparing for Sales - Building Up Inventory and Establishing Credit Policy 10. Operating Activities - Revenue and Expense Recognition 11. Taxes 12. Special Compensation Arrangements Module D. The External User's Assessment of Management's Operating Decisions Module E. Valuation and Risk Assessment Using Accrual Accounting Information APPENDICES A: Comprehensive Review Problem: Reviewing Transactions and Preparing Financial Statements B: The Time Value of Money—A Review C: Southwest Airlines Co. 1998 Annual Report D: TCBY 1998 Annual Report