The Resource Financial & managerial accounting, Carl S. Warren, James M. Reeve, Philip E. Fess

Financial & managerial accounting, Carl S. Warren, James M. Reeve, Philip E. Fess

Label
Financial & managerial accounting
Title
Financial & managerial accounting
Statement of responsibility
Carl S. Warren, James M. Reeve, Philip E. Fess
Title variation
Financial and managerial accounting
Creator
Contributor
Subject
Language
eng
Cataloging source
DLC
http://library.link/vocab/creatorName
Warren, Carl S
Dewey number
658.151/1
Illustrations
illustrations
Index
index present
LC call number
HF5635
LC item number
.W27 2005
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorDate
1953-
http://library.link/vocab/relatedWorkOrContributorName
  • Reeve, James M.
  • Fess, Philip E
http://library.link/vocab/subjectName
  • Accounting
  • Managerial accounting
  • Corporations
  • Accounting
  • Managerial accounting
Label
Financial & managerial accounting, Carl S. Warren, James M. Reeve, Philip E. Fess
Link
Instantiates
Publication
Note
Includes indexes
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
  • 1. Introduction to accounting and business -- Nature of a business -- The role of accounting in business -- Business ethics -- Profession of accounting -- Generally accepted accounting principles -- Assets, liabilities, and owner's equity -- Business transactions and the accounting equation -- Financial statements -- Financial analysis and interpretation -- 2. Analyzing transactions -- Usefulness of an account -- Characteristics of an account -- Analyzing and summarizing transactions in accounts -- Illustration of analyzing and summarizing transactions -- Trial balance -- Discovery and correction of errors -- Financial analysis and interpretation -- 3. The matching concept and the adjusting process -- The matching concept -- Nature of the adjusting process -- Recording adjusting entries -- Summary of adjustment process -- Financial analysis and interpretation -- 4. Completing the accounting cycle -- Accounting cycle -- Work sheet -- Financial statements -- Adjusting and closing entries -- Fiscal year -- Financial analysis and interpretation -- Appendix : reversing entries -- Comprehensive problem 1 -- Practice set : Tom's Asphalt -- 5. Accounting for merchandising businesses -- Nature of merchandising businesses -- Financial statements for a merchandising business -- Sales transactions -- Purchase transactions -- Transportation costs, sales taxes, and trade discounts -- Illustration of accounting for merchandise transactions -- Chart of accounts for a merchandising business -- The accounting cycle for a merchandising business -- Financial analysis and interpretation -- Appendix : work sheet and adjusting and closing entries for a merchandising business -- Comprehensive problem 2 -- Practice set : Specialty Sports
  • 6. Accounting systems, internal controls, and cash -- Basic accounting systems -- Internal control -- Nature of cash and the importance of controls over cash -- Control of cash receipts -- Internal control of cash payments -- Bank accounts : their nature and use as a control over cash -- Bank reconciliation -- Petty cash -- Presentation of cash on the balance sheet -- Financial analysis and interpretation -- 7. Receivables -- Classification of receivables -- Internal control of receivables -- Uncollectible receivables -- Allowance method of accounting for uncollectibles -- Direct write-off method of accounting for uncollectibles -- Characteristics of notes receivable -- Accounting for notes receivable -- Receivables on the balance sheet -- Financial analysis and interpretation -- Appendix : discounting notes receivable -- 8. Inventories -- Internal control of inventories -- Effect of inventory errors on financial statements -- Inventory cost flow assumptions -- Inventory costing methods under a perpetual inventory system -- Inventory costing methods under a periodic inventory system -- Comparing inventory costing methods -- Valuation of inventory at other than cost -- Presenting merchandise inventory on the balance sheet -- Estimating inventory cost -- Financial analysis and interpretation -- 9. Fixed assets and intangible assets -- Nature of fixed assets -- Accounting for depreciation -- Capital and revenue expenditures -- Disposal of fixed assets -- Leasing fixed assets -- Internal control of fixed assets -- Natural resources -- Intangible assets -- Financial reporting for fixed assets and intangible assets -- Financial analysis and interpretation -- Appendix : sum-of-the-years-digits depreciation
  • 10. Current liabilities -- The nature of current liabilities -- Short-term notes payable and current portion of long-term debt -- Contingent liabilities -- Payroll and payroll taxes -- Accounting systems for payroll and payroll taxes -- Employees' fringe benefits -- Financial analysis and interpretation -- Comprehensive problem 3 -- Practice set : Groom and Board -- Practice set : The Coddled Canine with Peachtree accounting software -- 11. Corporations : organization, capital stock transactions, and dividends -- Nature of a corporation -- Sources of paid-in capital -- Issuing stock -- Treasury stock transactions -- Stock splits -- Accounting for dividends -- Reporting stockholders' equity -- Financial analysis and interpretation -- 12. Income taxes, unusual income items, and investments in stocks -- Corporate income taxes -- Unusual items affecting the income statement -- Earnings per common share -- Comprehensive income -- Accounting for investments in stocks -- Business combinations -- Financial analysis and interpretation -- Practice set : Nina's Decorating House -- Practice set : First Designs, Inc. -- 13. Bonds payable and investments in bonds -- Financing corporations -- Characteristics of bonds payable -- The present-value concept and bonds payable -- Accounting for bonds payable -- Bond sinking funds -- Bond redemption -- Investments in bonds -- Corporation balance sheet -- Financial analysis and interpretation -- Appendix : effective interest rate method of amortization -- Comprehensive problem 4 -- 14. Statement of cash flows -- Reporting cash flows -- Statement of cash flows, the indirect method -- Statement of cash flows, the direct method -- Financial analysis and interpretation -- Appendix : work sheet for statement of cash flows
  • 15. Financial statement analysis -- Basic analytical procedures -- Solvency analysis -- Profitability analysis -- Summary of analytical measures -- Corporate annual reports -- 16. Introduction to managerial accounting and job order cost systems -- The differences between managerial and financial accounting -- The management accountant in the organization -- Manufacturing cost terms -- Cost accounting system overview -- Job order cost systems for manufacturing businesses -- Job order costing for decision making -- Job order cost systems for professional service businesses -- Practice set : Dynamic Designs, Inc. -- 17. Process cost systems -- Comparing job order costing and process costing -- Physical flows and cost flows for a process manufacturer -- The first-in, first-out (fifo) method -- Bringing it all together : the cost of production report -- Journal entries for a process cost system -- Using the cost of production report for decision making -- Just-in-time processing -- Appendix : average cost method -- 18. Cost behavior and cost-volume-profit analysis -- Cost behavior -- Cost-volume-profit relationships -- Mathematical approach to cost-volume-profit analysis -- Graphic approach to cost-volume-profit analysis -- Sales mix considerations -- Special cost-volume-profit relationships -- Assumptions of cost-volume-profit analysis -- 19. Profit reporting for management analysis -- The income statement under variable costing and absorption costing -- Income analysis under variable costing and absorption costing -- Management' use of variable costing and absorption costing -- Contribution margin reporting for market segments -- Contribution margin analysis -- Contribution margin reporting and analysis for service firms -- 20. Budgeting -- Nature and objectives of budgeting -- Budgeting systems -- Master budget -- Income statement budgets -- Balance sheet budgets
  • 21. Performance evaluation using variances from standard costs -- Standards -- Budgetary performance evaluation -- Direct materials variances -- Direct labor variances -- Factory overhead variances -- Recording and reporting variances from standards -- Standards for nonmanufacturing expenses -- Nonfinancial performance measures -- 22. Performance evaluation for decentralized operations -- Centralized and decentralized operations -- Responsibility accounting for cost centers -- Responsibility accounting for profit centers -- Responsibility accounting for investment centers -- Transfer pricing -- 23. Differential analysis and product pricing -- Differential analysis -- Setting normal product selling prices -- Product profitability and pricing under production bottlenecks -- 24. Capital investment analysis -- Nature of capital investment analysis -- Methods of evaluating capital investment proposals -- Factors that complicate capital investment analysis -- Capital rationing -- 25. Cost allocation and activity-based costing -- Product costing allocation methods -- Single plantwide factory overhead rate method -- Multiple production department factory overhead rate method -- Activity-based costing method -- Activity-based costing for selling and administrative expenses -- Activity-based costing in service businesses -- 26. Cost management for just-in-time environments -- Just-in-time principles -- Applying a just-in-time approach to Anderson Metal Fabricators -- Accounting for just-in-time operations -- Just-in-time for nonmanufacturing processes -- Activity analysis -- Appendix A. Interest tables -- Appendix B. Alternative methods of recording deferrals -- Appendix C. Special journals and subsidiary ledgers -- Appendix D. Periodic inventory systems for merchandising businesses -- Appendix E. Foreign currency transactions -- Appendix F. The Home Dept annual report -- Glossary -- Subject index -- Company index
Edition
8th ed.
Extent
1 online resource (1 v. (various pagings)
Form of item
online
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
color illustrations)
Specific material designation
remote
System control number
(OCoLC)1034667457
Label
Financial & managerial accounting, Carl S. Warren, James M. Reeve, Philip E. Fess
Link
Publication
Note
Includes indexes
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
  • 1. Introduction to accounting and business -- Nature of a business -- The role of accounting in business -- Business ethics -- Profession of accounting -- Generally accepted accounting principles -- Assets, liabilities, and owner's equity -- Business transactions and the accounting equation -- Financial statements -- Financial analysis and interpretation -- 2. Analyzing transactions -- Usefulness of an account -- Characteristics of an account -- Analyzing and summarizing transactions in accounts -- Illustration of analyzing and summarizing transactions -- Trial balance -- Discovery and correction of errors -- Financial analysis and interpretation -- 3. The matching concept and the adjusting process -- The matching concept -- Nature of the adjusting process -- Recording adjusting entries -- Summary of adjustment process -- Financial analysis and interpretation -- 4. Completing the accounting cycle -- Accounting cycle -- Work sheet -- Financial statements -- Adjusting and closing entries -- Fiscal year -- Financial analysis and interpretation -- Appendix : reversing entries -- Comprehensive problem 1 -- Practice set : Tom's Asphalt -- 5. Accounting for merchandising businesses -- Nature of merchandising businesses -- Financial statements for a merchandising business -- Sales transactions -- Purchase transactions -- Transportation costs, sales taxes, and trade discounts -- Illustration of accounting for merchandise transactions -- Chart of accounts for a merchandising business -- The accounting cycle for a merchandising business -- Financial analysis and interpretation -- Appendix : work sheet and adjusting and closing entries for a merchandising business -- Comprehensive problem 2 -- Practice set : Specialty Sports
  • 6. Accounting systems, internal controls, and cash -- Basic accounting systems -- Internal control -- Nature of cash and the importance of controls over cash -- Control of cash receipts -- Internal control of cash payments -- Bank accounts : their nature and use as a control over cash -- Bank reconciliation -- Petty cash -- Presentation of cash on the balance sheet -- Financial analysis and interpretation -- 7. Receivables -- Classification of receivables -- Internal control of receivables -- Uncollectible receivables -- Allowance method of accounting for uncollectibles -- Direct write-off method of accounting for uncollectibles -- Characteristics of notes receivable -- Accounting for notes receivable -- Receivables on the balance sheet -- Financial analysis and interpretation -- Appendix : discounting notes receivable -- 8. Inventories -- Internal control of inventories -- Effect of inventory errors on financial statements -- Inventory cost flow assumptions -- Inventory costing methods under a perpetual inventory system -- Inventory costing methods under a periodic inventory system -- Comparing inventory costing methods -- Valuation of inventory at other than cost -- Presenting merchandise inventory on the balance sheet -- Estimating inventory cost -- Financial analysis and interpretation -- 9. Fixed assets and intangible assets -- Nature of fixed assets -- Accounting for depreciation -- Capital and revenue expenditures -- Disposal of fixed assets -- Leasing fixed assets -- Internal control of fixed assets -- Natural resources -- Intangible assets -- Financial reporting for fixed assets and intangible assets -- Financial analysis and interpretation -- Appendix : sum-of-the-years-digits depreciation
  • 10. Current liabilities -- The nature of current liabilities -- Short-term notes payable and current portion of long-term debt -- Contingent liabilities -- Payroll and payroll taxes -- Accounting systems for payroll and payroll taxes -- Employees' fringe benefits -- Financial analysis and interpretation -- Comprehensive problem 3 -- Practice set : Groom and Board -- Practice set : The Coddled Canine with Peachtree accounting software -- 11. Corporations : organization, capital stock transactions, and dividends -- Nature of a corporation -- Sources of paid-in capital -- Issuing stock -- Treasury stock transactions -- Stock splits -- Accounting for dividends -- Reporting stockholders' equity -- Financial analysis and interpretation -- 12. Income taxes, unusual income items, and investments in stocks -- Corporate income taxes -- Unusual items affecting the income statement -- Earnings per common share -- Comprehensive income -- Accounting for investments in stocks -- Business combinations -- Financial analysis and interpretation -- Practice set : Nina's Decorating House -- Practice set : First Designs, Inc. -- 13. Bonds payable and investments in bonds -- Financing corporations -- Characteristics of bonds payable -- The present-value concept and bonds payable -- Accounting for bonds payable -- Bond sinking funds -- Bond redemption -- Investments in bonds -- Corporation balance sheet -- Financial analysis and interpretation -- Appendix : effective interest rate method of amortization -- Comprehensive problem 4 -- 14. Statement of cash flows -- Reporting cash flows -- Statement of cash flows, the indirect method -- Statement of cash flows, the direct method -- Financial analysis and interpretation -- Appendix : work sheet for statement of cash flows
  • 15. Financial statement analysis -- Basic analytical procedures -- Solvency analysis -- Profitability analysis -- Summary of analytical measures -- Corporate annual reports -- 16. Introduction to managerial accounting and job order cost systems -- The differences between managerial and financial accounting -- The management accountant in the organization -- Manufacturing cost terms -- Cost accounting system overview -- Job order cost systems for manufacturing businesses -- Job order costing for decision making -- Job order cost systems for professional service businesses -- Practice set : Dynamic Designs, Inc. -- 17. Process cost systems -- Comparing job order costing and process costing -- Physical flows and cost flows for a process manufacturer -- The first-in, first-out (fifo) method -- Bringing it all together : the cost of production report -- Journal entries for a process cost system -- Using the cost of production report for decision making -- Just-in-time processing -- Appendix : average cost method -- 18. Cost behavior and cost-volume-profit analysis -- Cost behavior -- Cost-volume-profit relationships -- Mathematical approach to cost-volume-profit analysis -- Graphic approach to cost-volume-profit analysis -- Sales mix considerations -- Special cost-volume-profit relationships -- Assumptions of cost-volume-profit analysis -- 19. Profit reporting for management analysis -- The income statement under variable costing and absorption costing -- Income analysis under variable costing and absorption costing -- Management' use of variable costing and absorption costing -- Contribution margin reporting for market segments -- Contribution margin analysis -- Contribution margin reporting and analysis for service firms -- 20. Budgeting -- Nature and objectives of budgeting -- Budgeting systems -- Master budget -- Income statement budgets -- Balance sheet budgets
  • 21. Performance evaluation using variances from standard costs -- Standards -- Budgetary performance evaluation -- Direct materials variances -- Direct labor variances -- Factory overhead variances -- Recording and reporting variances from standards -- Standards for nonmanufacturing expenses -- Nonfinancial performance measures -- 22. Performance evaluation for decentralized operations -- Centralized and decentralized operations -- Responsibility accounting for cost centers -- Responsibility accounting for profit centers -- Responsibility accounting for investment centers -- Transfer pricing -- 23. Differential analysis and product pricing -- Differential analysis -- Setting normal product selling prices -- Product profitability and pricing under production bottlenecks -- 24. Capital investment analysis -- Nature of capital investment analysis -- Methods of evaluating capital investment proposals -- Factors that complicate capital investment analysis -- Capital rationing -- 25. Cost allocation and activity-based costing -- Product costing allocation methods -- Single plantwide factory overhead rate method -- Multiple production department factory overhead rate method -- Activity-based costing method -- Activity-based costing for selling and administrative expenses -- Activity-based costing in service businesses -- 26. Cost management for just-in-time environments -- Just-in-time principles -- Applying a just-in-time approach to Anderson Metal Fabricators -- Accounting for just-in-time operations -- Just-in-time for nonmanufacturing processes -- Activity analysis -- Appendix A. Interest tables -- Appendix B. Alternative methods of recording deferrals -- Appendix C. Special journals and subsidiary ledgers -- Appendix D. Periodic inventory systems for merchandising businesses -- Appendix E. Foreign currency transactions -- Appendix F. The Home Dept annual report -- Glossary -- Subject index -- Company index
Edition
8th ed.
Extent
1 online resource (1 v. (various pagings)
Form of item
online
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
color illustrations)
Specific material designation
remote
System control number
(OCoLC)1034667457

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