Principles of Accounting: v. 2 Tools for Business Decision Making

This book starts with a macro view of accounting information by presenting real financial statements. The authors establish how financial statements communicate the financing, operation, and investing activities of a business. To integrate the use of financial statements for decision making, the authors identify a finite set of tools necessary to make business decisions based on financial information. The Decision Toolkit is provided for the reader and integrated throughout the text

Table of Contents:
Chapter 1. Introduction to Financial Statements.Chapter 2. A Further Look at Financial Statements.Chapter 3. The Accounting Information System.Chapter 4. Accrual Accounting Concepts.Chapter 5. Merchandising Operations and the Multiplle-Step Income Statement.Chapter 6. Reporting and Analyzing Inventory.Chapter 7. Internal Control and Cash.Chapter 8. Reporting and Analyzing Receivables.Chapter 9. Reporting and Analyzing Long-Lived Assets.Chapter 10. Reporting and Analyzing Liabilities.Chapter 11. Reporting and Analyzing Stockholders Equity.Chapter 12. Reporting and Analyzing Investments.Chapter 13. Statement of Cash Flows.Chapter 14. Financial Statement Analysis.Chapter 15. Managerial Accounting.Chapter 16. Job Order Cost Accounting. Chapter 17. Process Cost Accounting.Chapter 18. Cost-Volume Profit Relationships.Chapter 19. Budgetary Planning.Chapter 20. Budgetary Control and Responsibility Accounting.Chapter 21. Performance Evaluation Through Standard Costs.Chapter 22. Incremental Analysis and Capital Budgeting.Appendix A. Specimen Financial Statements: Tootsie Roll Industries, Inc.Appendix B. Specimen Financial Statements: Hershey Foods Corporation.Appendix C. Time Value of Money.Appendix D. Payroll Accounting.Appendix E. Subsidiary Ledgers and Special Journals.Appendix F. Accounting for Sole Proprietorship.Appendix G. Accounting for Partnerships.Photo and Logo Credits.Company Index.Subject Index.

About the Author :
Paul D. Kimmel, PhD, CPA, received his bachelor's degree from the University of Minnesota and his doctorate in accounting from the University of Wisconsin. He is an Associate Professor at the University of Wisconsin-Milwaukee, and has public accounting experience with Deloitte & Touche (Minneapolis). He was the recipient of the UWM School of Business Advisory Council Teaching Award and the Reggie Taite Excellence in Teaching Award, and is a three-time winner of the Outstanding Teaching Assisting Award at the University of Wisconsin. He is also a recipient of the Elijah Watts Sells Award for Honorary Distinction for his results on the CPA exam. He is a member of the American Accounting Association and has published articles in Accounting Review, Accounting Horizons, Advances in Management Accounting, Managerial Finance, Issues in Accounting Education, Journal of Accounting Education, as well as other journals. His research interests include accounting for financial instruments and innovation in accounting education. He has published papers and given numerous talks on incorporating critical thinking into accounting education, and helped prepare a catalog of critical thinking resources for the Federated Schools of Accountancy. Jerry J. Weygandt, PhD, CPA, is Arthur Andersen Alumni Professor of Accounting at the University of Wisconsin-Madison. He holds a Ph.D. in accounting from the University of Illinois. Articles by Professor Weygandt have appeared in the Accounting Review, Journal of Accounting Research, Accounting Horizons, Journal of Accountancy, and other academic and professional journals. These articles have examined such financial reporting issues as accounting for price-level adjustments, pensions, convertible securities, stock option contracts, and interim reports. Professor Weygandt is author of other accounting and financial reporting books and is a member of the American Accounting Association, the American Institute of Certified Public Accountants, and the Wisconsin Society of Certified Public Accountants. He has served on numerous committees of the American Accounting Association and as a member of the editorial board of the Accounting Review; he also has served as President and Secretary-Treasurer of the American Accounting Association. He is the recipient of the Wisconsin Institute of CPAs Outstanding Educator's Award and the Lifetime Achievement Award. In 2001 he received the American Accounting Association's Outstanding Accounting Educator Award. Donald E. Kieso, PhD, CPA, received his bachelor's degree from Aurora University and his doctorate in accounting from the University of Illinois. He has served as chairman of the Department of Accountancy and is currently KPMG Emeritus Professor of Accountancy at Northern Illinois University. He has public accounting experience with Price Waterhouse & Co. (San Francisco and Chicago) and Arthur Andersen & Co. (Chicago) and research experience with the Research Division of the American Institute of Certified Public Accountants (New York). He has done postdoctorate work as a Visiting Scholar at the University of California at Berkeley and is a recipient of NIU's Teaching Excellence Award and four Golden Apple teaching Awards. Professor Kieso is the author of numerous other accounting and business books and is a member of the American Accounting Association, the American Institute of Certified Public Accountants, and the Illinois CPA Society. He has served as member of the Board of Directors of the Illinois CPA Society, the AACSBs Accounting Accreditation Committees, the State of Illinois Comptroller's Commission, as Secretary-Treasurer of the Federation of Schools of Accountancy.