Financial & Managerial Accounting

With the fifteenth edition of Financial and Managerial Accounting: The Basis for Business Decisions, the Williams author team continues to be a solid foundation for students who are learning basic accounting concepts. In this revision, the authors have added to and refined the coverage of International Financial Reporting Standards (IFRS), particularly in Chapter 15 (?Global Business and Accounting?). Hallmarks of the text?including the solid Accounting Cycle Presentation, relevant pedagogy, and high quality, end-of-chapter material?have been updated throughout the book.


Key features


New coverage of IFRS discusses how important topics in accounting such as LIFO, statement of cash flows, and fixed assets might be impacted by the adoption of IFRS
NEW! McGraw-Hill's Connect uses end-of-chapter material pulled directly from the textbook to create static and algorithmic questions that can be used for homework and practice tests
Boxes throughout the text provide students with real world examples, ethics coverage, and thought-provoking discussion questions
Unstructured Cases in Chapter 5 address Sarbanes-Oxley (SOX) issues
Balanced Coverage. The 15th edition of Williams provides the most balanced coverage of financial and managerial topics on the market. The author team has revised and refined the presentation of traditional financial accounting topics by updating to reflect important changes that could occur should the U.S. switch from GAAP to IFRS. Experience reading and analyzing real-world financial statements



About the author


Mark Bettner
Mark Bettner is the Chair of Accounting at Bucknell University. He received his Ph.D. at Texas Tech University.



Table of contents



Chapter 1. Accounting: Information for Decision Making
Chapter 2. Basic Financial Statements
Chapter 3. The Accounting Cycle: Capturing Economic Events
Chapter 4. The Accounting Cycle: Accruals and Deferrals
Chapter 5. The Accounting Cycle: Reporting Financial Results
Comprehensive Problem 1: Susquehanna Equipment Rentals
Chapter 6. Merchandising Activities
Chapter 7. Financial Assets
Chapter 8. Inventories and the Cost of Goods Sold
Comprehensive Problem 2: Guitar Universe, Inc.
Chapter 9. Plant and Intangible Assets
Chapter 10. Liabilities
Chapter 11. Stockholders Equity: Paid-in Capital
Comprehensive Problem 3: McMinn Retail, Inc.
Chapter 12. Income and Changes in Retained Earnings
Chapter 13. Statement of Cash Flows
Chapter 14. Financial Statement Analysis
Comprehensive Problem 4: Home Depot, Inc.
Chapter 15. Global Business and Accounting
Chapter 16. Management Accounting: A Business Partner
Chapter 17. Job Order Cost Systems and Overhead Allocations
Chapter 18. Process Costing
Chapter 19. Costing and the Value Chain
Chapter 20. Cost-Volume-Profit Analysis
Chapter 21. Incremental Analysis
Comprehensive Problem 5: The Gilster Company
Chapter 22. Responsibility Accounting and Transfer Pricing
Chapter 23. Operational Budgeting
Chapter 24. Standard Cost Systems
Chapter 25. Rewarding Business Performance Comprehensive
Problem 6. Utease Corporation
Chapter 26. Capital Budgeting

Appendix A: 2007 Home Depot Financial Statements
Appendix B: The Time Value of Money: Future Amounts and Present Values
Appendix C: Forms of Business Organization