Part One: Financial Accounting 1. The Nature and Purpose of Accounting 2. Basic Accounting Concepts: The Balance Sheet 3. Basic Accounting Concepts: The Income Statement 4. Accounting Records and Systems 5. Revenue and Monetary Assets 6. Cost of Sales and Inventories 7. Long-Lived Nonmonetary Assets and Their Amortization 8. Sources of Capital: Debt 9. Sources of Capital: Owners’ Equity 10. Other Items That Affect Net Income and Owners’ Equity 11. The Statement of Cash Flows 12. Acquisitions and Consolidated Statements 13. Financial Statement Analysis 14. Understanding Financial Statements Part Two: Management Accounting 15. The Nature of Management Accounting 16. The Behavior of Costs 17. Full Costs and Their Uses 18. Additional Aspects of Product Costing Systems 19. Standard Costs, Variable Costing Systems, Quality Costs, and Joint Costs 20. Production Cost Variance Analyses 21. Other Variance Analysis 22. Control: The Management Control Environment 23. Control: The Management Control Process 24. Strategic Planning and Budgeting 25. Reporting and Evaluation 26. Short-Run Alternative Choice Decisions 27. Longer-Run Decisions: Capital Budgeting 28. Management Accounting System Design

Accounting: Text & Cases is a product of lifelong dedication to the discipline of accounting. Covering both financial and managerial accounting as well as broader managerial issues, the book incorporates a breadth of experience that is sure to enrich your course and your students. The approximately 109 cases that make up most of the end of chapter material are combination of classic Harvard style cases and extended problems, with 12 complete new cases added to the 13th edition.

The text is covered as two parts. Part 1 deals with chapters 1 -14 which cover financial accounting, while part 2 covers Chapters 15-28 which in essence is associated with management accounting. The tale end of part 2 also focuses on broader issues of control and corporate strategy. Both parts have been updated to reflect the current changes relevant to Accounting.