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. A new design enhances the graphical elements of the text, while the integration of several boxed elements provides a more streamlined approach to chapter topics.
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Chapter 1: Accounting: Information for Decision Making
Chapter 2: Basic Financial Statements
Chapter 3: The Accounting Cycle: Capturing Economic Events
Chapter 4: The Accounting Cycle: Accruals and Deferrals
Chapter 5: The Accounting Cycle: Reporting Financial Results
Comprehensive Problem 1: Susquehanna Equipment Rentals
Chapter 6: Merchandising Activities
Chapter 7: Financial Assets
Chapter 8: Inventories and the Cost of Goods Sold
Comprehensive Problem 2: Guitar Universe, Inc.
Chapter 9: Plant and Intangible Assets
Chapter 10: Liabilities
Chapter 11: Stockholders' Equity: Paid-in Capital
Comprehensive Problem 3: McMinn Retail, Inc.
Chapter 12: Income and Changes in Retained Earnings
Chapter 13: Statement of Cash Flows
Chapter 14: Financial Statement Analysis
Comprehensive Problem 4: Home Depot, Inc.
Chapter 15: Global Business and Accounting
Chapter 16: Management Accounting: A Business Partner
Chapter 17: Job Order Cost Systems and Overhead Allocations
Chapter 18: Process Costing
Chapter 19: Costing and the Value Chain
Chapter 20: Cost-Volume-Profit Analysis
Chapter 21: Incremental Analysis
Comprehensive Problem 5: The Gilster Company
Chapter 22: Responsibility Accounting and Transfer Pricing
Chapter 23: Operational Budgeting
Chapter 24: Standard Cost Systems
Chapter 25: Rewarding Business Performance
Comprehensive Problem 6: Utease Corporation
Chapter 26: Capital Budgeting
Appendix A: 2005 Home Depot Financial Statements
Appendix B: The Time Value of Money: Future Amounts and Present Values
Appendix C: Forms of Business Organization
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