This textbook integrates financial and managerial accounting as opposed to keeping these areas separate, the approach followed by most books and curriculums. By "integration", we mean the authors focus on the business process and examine the activities from both an external, financial reporting perspective and an internal, management decision-making perspective. The text incorporates real world applications, including actual financial statements, to reinforce the relevance of topics to real business situations and promote student interest. The text also promotes active learning through
Pause & Reflect "probing" questions placed sporadically throughout each chapter,
Of Interest boxes that provide additional information relating to the chapter concepts, new
Fast Fact boxes that provide additional information related to chapter concepts in a short, trivia-like manner, and
end-of-chapter group exercises. There are three key distinctions to the Ainsworth/Deines approach. They are: 1. Integration - described in preceding paragraph. 2. Within the context of business processes, Ainsworth/Deines is organized by planning for activities, performing those activities (in other words, capturing them in the financial statements), and finally, evaluating those business activities. 3. An organization around the Statement of Cash Flows first focusing on Operating Activities (what is my business, my product, who are my customers?) and then Financing and Investing Activities (how do I fund my business, how do I expand, what are the financial risks, etc?).
Part 1: Introduction: Business Operating Activities
Ch. 1 Accounting and Business
Ch. 2 Business Processes and Accounting Information
Ch. 3 Operating Processes: Planning and Control
Part 2: Planning:Operating Activities
Ch. 4 Short-term Decision Making
Ch. 5 Strategic Planning Regarding Operating Processes
Ch. 6 Planning, the Balanced Scorecard, and Budgeting
Part 3: Recording and Evaluating:Operating Activities
Ch. 7 Accounting Information Systems
Ch. 8 Purchasing/Human Resources/Payment Process Recording and Evaluating Expenditure Process Activities
Ch. 9 Recording and Evaluating Conversion Process Activities
Ch. 10 Marketing/Sales/Collection/Customer Support Process Recording and Evaluation Revenue Process Activities
Part 4: Introduction: Capital Resource Process Activities
Ch. 11 The Time Value of Money
Part 5: Planning: Financing and Investing Activities
Ch. 12 Planning Investments: Capital Budgeting
Ch. 13 Planning Equity Financing
Ch. 14 Planning Debt Financing
Part Six: Performing, Recording, and Communicating: Financing and Investing Activities
Ch. 15 Recording and Evaluating Capital Resources Process Events: Financing Activities
Ch. 16 Recording and Evaluating Investing Activities
Part Seven: Evaluating: Operating, Investing, and Financing Activities
Ch. 17 Company Performance: Profitability
Ch. 18 Company Performance: Owners' Equity and Financial Position
Ch. 19 Company Performance: Cash Flows
Ch. 20 Company Performance: Comprehensive Evaluation
