With the thirteenth edition of Financial and Managerial Accounting: A Basis for Business Decisions, the Williams author team carries on the tradition of building a solid foundation for students learning basic accounting concepts. Through the revision, the authors have further refined the financial accounting topics, while slightly expanding the managerial accounting material to provide even more balance coverage in this already 50/50 split text. Hallmarks of the text, including the solid Accounting Cycle Presentation, relevant pedagogy, and high quality, end-of-chapter material have all been updated and enhanced through the revision.
Key features
Chapter 15: Global Business and Accounting: Offers broad coverage of todays international accounting and business issues.
Comprehensive Problems: Integrated throughout the book (3 in the financial chapters; 2 in the managerial chapters), these problems tie together concepts presented over a span of chapters.
Chapter openers get students excited about accounting and show them how accounting is relevant in the real world. At the end of each chapter the Second Look box ties what the student learned in the chapter back to the company in the chapter opener.
Your Turn boxes place your student in the role of a decision-maker (i.e. marketing manager, financial analyst, banker...) and ask them to make a decision.
Cash Effects box shows your student how a transaction or method impacts an organizations cash flow.
Case in Point: These sections use examples from real-world companies to explain accounting and its impact on business and decision making.
Strong end of chapter material: Includes ethics questions, group activities, and communication problems.
Alternate problems available on the website.
The accounting cycle chapters split into three chapters to allow your students to work through these chapters at a slower, more manageable pace. Chapter 3 covers transaction analysis. Chapter 4 covers adjusting entries. Chapter 5 closing entries.
Transaction Analysis Model helps students learn how to think through transactions. Faculty really like how this model breaks each transaction down into four stages: 1. Analysis, 2. Debit-Credit Rules, 3. Entries in Ledger Accounts, 4. Journal Entries.
My Notes have been added to the margins and provide hints to the student.
The My Mentor CD helps students visualize the business events that accounting concepts record. Accounting mentors help your student learn one key concept per chapter and there is an icon in the text to alert the student to go to the CD. Each concept is broken down into 5 pieces of content. 1. A short video clip provides students with a real life example of the concept in action. 2. The Basics walk the student through a visual example without numbers to help them visualize what is occurring. 3. The Linking the Numbers section walks the student through the same example as in the Basics, but this time numbers are added to show how the numbers map the event. 4. The Excel templates have your student work through the numerical example in Linking the Numbers. Students should now visualize the event on their own as they complete the problem and build excel skills at the same time. 5. The Quiz enables students to test their knowledge in a fun and interactive environment.My Mentor is Free with each new copy of the text.
NetTutor is a live on-line tutoring service. Your students can logon during live tutoring hours and get assistance with their homework. The Q&A and Archive centers allow students to get help after hours.
Homework Manager is a web-based product that allows your students to work through alternate exercises and problems from the text. Students get feedback and can work through as many iterations of a problem because Homework Manager has a built-in algorithm. So, your students can work through a problem until they learn it and not until they memorize the correct answer.Best of all, while your students are doing all this work, Homework Manager is grading them and inserting the grades in your gradebook. You can therefore spend your time identifying the learning objectives with which your students struggle and preparing for class rather than grading homework.
The Cash Flows chapter provides coverage of both the Direct and Indirect methods.
Table of contents
1.Accounting Information for Decision Making
2.Basic Financial Statements
3.The Accounting Cycle: Capturing Economic Events
4.The Accounting Cycle: Accruals and Defferals
5.The Accounting Cycle: Reporting Financial Results
Comprehensive Problem 1. West Branch Rent ALL
6.Merchandising Activities
7.Financial Assets
8.Inventories and the Cost of Goods Sold
CComprehensive Problem 2. Guitar Universe, Inc.
9.Plant and Intangible Assets
10.Liabilities
11.Stockholders Equity: Paid-in Capital
12.Income and Changes in Retained Earnings
13.Statement of Cash Flows
14.Financial Statement Analysis
Comprehensive Problem 3. Tootsie Roll Industries, Inc.
15.Global Business and Accounting
16.Management Accounting: A Business Partner
17.Job Order Cost Systems and Overhead Allocations
18.Process Cost Systems
19.Costing and the Value Chain
20.Cost-Volume-Profit Analysis
21.Incremental Analysis
Comprehensive Problem 4. Glister Company
22.Responsibility Accounting and Transfer Pricing
23.Operational Budgeting
24.Standard Cost Systems
25.Rewarding Business Performance
Comprehensive Problem 5. Utease Corporation
26.Capital Budgeting
Appendix A: Annual Report of Tootsie Roll Industries 2002
Appendix B: Time Value of Money: Future Amounts and Present Values
Appendix C:Forms of Business Organizations
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