Solid financial information and the ability to use that information successfully in business today differentiate the truly exceptional from the ordinary. Now you can guide your students in developing the understanding and skills to make them true winners in business with the proven, balanced blend of procedure and concepts in the latest edition of Albrecht/Stice/Stice's FINANCIAL ACCOUNTING. Organized around business activities, FINANCIAL ACCOUNTING, 10th Edition presents the procedural detail necessary for students to learn the mechanics of preparing accounting information, with an emphasis on how to analyze and use what they are learning to make informed decisions. This edition's lively writing style, packed with a wealth of examples from leading companies, helps students discover, first-hand, the effects and importance of financial accounting information. Designed to address a diversity of learning styles and career needs, the book offers expanded coverage as well as basic material in each chapter--giving you the flexibility to explore in-depth any topics you choose.
Streamlined chapters build a strong, practical context around the procedures of accounting with powerful student-oriented learning features and a new, innovative online CengageNOW teaching and learning system that helps prepare your students for accounting success, no matter what their career choices or future plans.
Table of Contents
Part 1. FINANCIAL REPORTING AND THE ACCOUNTING CYCLE. 1. Accounting Information: Users and Uses. 2. Financial Statements: An Overview. 3. The Mechanics of Accounting. 4. Completing the Accounting Cycle. 5. Ensuring the Integrity of Financial Information. Comprehensive Problem 1-5. Part 2. OPERATING ACTIVITIES. 6. Selling a Product or Service. 7. Inventory. 8. Completing the Operating Cycle. Comprehensive Problem 6-8. Part 3. INVESTING AND FINANCING ACTIVITIES. 9. Investments in Property, Plant, and Equipment and in Intangible Assets. 10. Long-Term Debt Financing. 11. Equity Financing. 12. Investments in Debt and Equity Securities. Comprehensive Problem 9-12. Part 4. OTHER DIMENSIONS OF FINANCIAL REPORTING. 13. The Statement of Cash Flows. 14. Introduction to Financial Statement Analysis. Appendix A: 2006 Wal-Mart Annual Report. Appendix B: Time Value of Money. Glossary. Subject Index. Real World Company Index.