Principles of accounting /
Belverd E. Needles, Jr., Marian powers and Susan V. Crosson
- Twelfth Edition
- Australia: South-Western Cengage Learning, c2014.
- xxx, 1184 pages : illustrations ; 27 cm.
Includes index.
1. Accounting principles and the financial statements -- 2. Analyzing and recording business transactions -- 3. Adjusting the accounts -- 4. Completing the accounting cycle -- 5. Foundations of financial reporting and the classified balance sheet -- 6. Accounting for merchandising operations. Supplement to Chapter 6. Special purpose journals -- 7. Inventories -- 8. Cash and internal control -- 9. Receivables -- 10. Long-term assets -- 11. Current liabilities and fair value accounting -- 12. Accounting for partnerships -- 13. Accounting for corporations -- 14. Long-term liabilities -- 15. The statement of cash flows -- Supplement to Chapter 15. The direct method of preparing the statement of cash flows -- 16. Financial statement analysis -- Supplement to Chapter 16. How to read an annual report -- 17. Managerial accounting and cost concepts -- 18. Costing systems: job order costing -- 19. Costing systems: process costing -- 20. Value-based systems: Activity-based-costing and lean accounting -- 21. Cost-volume-profit analysis -- 22. The budgeting process -- 23. Flexible budgets and performance analysis -- 24. Standard costing and variance analysis -- 25. Short-run decision analysis and capital budgeting
Helps students to practice the application of accounting procedures with features like "Apply It" and a new transaction analysis model, which clearly illustrates how transactions are the result of business decisions and recorded in a way to show their effects on the financial statements.