Principles of Accounting

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Cengage Learning, Jan 12, 2007 - Business & Economics - 1344 pages
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Needles, Powers, and Crosson continue to help instructors stay on top of the change curve with Principles of Accounting. Balanced, flexible content in this market-leading text is supported by an array of integrated print and technology supplements. Whether an instructor wants to present a user or procedural orientation, incorporate new instructional strategies, develop students' core skills and competencies, or integrate technology into the classroom, Principles of Accounting provides a total solution, making it the natural choice for accounting instructors. Ideal for two-semester courses, the Tenth Edition focuses primarily on the use of accounting information in today's business world--beginning with sole proprietorships--and represents the most significant revision of the text to date. Content updates reflect current accounting and business practices, while greater attention is given to ethics, service enterprises, and international issues. In addition, the text features a more concise, accessible writing style; a new design to emphasize the user-oriented content; and enhanced technology components for both instructors and students. Accuracy reviewers check every line and work through each exercise in the text and supplements, making Principles of Accounting the most accurate among similar texts on the market.
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Contents

Uses of Accounting Information and the Financial Statements
2
Analyzing Business Transactions
50
Measuring Business Income
102
Completing the Accounting Cycle
148
Financial Reporting and Analysis
184
The Operating Cycle and Merchandising Operations
290
Inventories
326
Cash and Receivables
368
Financial Performance Measurement
776
The Changing Business Environment A Managers Perspective
826
Cost Concepts and Cost Allocation
876
Costing Systems Job Order and Process Costing
934
ActivityBased Systems ABM and JIT
986
Cost Behavior Analysis
1034
The Budgeting Process
1080
Performance Management and Evaluation
1136

Current Liabilities and the Time Value of Money
410
Internal Control
456
LongTerm Assets
490
Contributed Capital
540
LongTerm Liabilities
584
The Corporate Income Statement and the Statement of Stockholders Equity
638
The Statement of Cash Flows
684
Investments
732
Standard Costing and Variance Analysis
1182
Analysis for Decision Making
1232
Future Value and Present Value Tables
1284
Partnerships
2
Endnotes
47
Company Name Index
1296
Subject Index
1298
Copyright

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About the author (2007)

Belverd E. Needles, Jr., received his BBA and MBA degrees from Texas Tech University and his PhD degree from the University of Illinois at Urbana-Champaign. He teaches financial accounting, managerial accounting, and auditing at DePaul University, where he is an internationally recognized expert in international accounting and education. He has published in leading journals and is the author or editor of more than 20 books and monographs. His current research relates to international financial reporting, performance measurement, and corporate governance of high-performance companies in the United States, Europe, India, and Australia. His textbooks are used throughout the world and have received many awards, including (in 2008) the McGuffey Award from the Text and Academic Authors Association. Active in many academic and professional organizations, he is immediate past vice president-education of the American Accounting Association. He received the Distinguished Alumni Award from Texas Tech University, the Illinois CPA Society Outstanding Educator Award and its Life-Time Achievement Award, the Joseph A. Silvoso Faculty Award of Merit from the Federation of Schools of Accountancy, the Ledger & Quill Award of Merit, and the Ledger & Quill Teaching Excellence Award. He was named Educator of the Year by the American Institute of CPAs, Accountant of the Year for Education by the national honorary society Beta Alpha Psi, and Outstanding International Accounting Educator by the American Accounting Association. He received the Excellence in Teaching Award from DePaul University.

Marian Powers received her BS degree from Chicago State University and PhD degree from University of Illinois at Urbana-Champaign. In addition to the Kellogg School of Management at Northwestern University, she has taught financial accounting at the University of Illinois, Chicago, and at the Lake Forest Graduate School of Management. Internationally recognized as a dynamic teacher in executive education, she specializes in teaching nonfinancial managers how to read and understand internal and external financial reports, including the impact of international financial reporting standards (IFRS). Dr. Powers' current research relates to international financial reporting, performance measurement, and corporate governance of high-performance companies in the United States, Europe, India, and Australia. Her research has been published in leading journals. Her textbooks, coauthored with Belverd E. Needles, Jr., are used throughout the world and have received many awards, including the Textbook Excellence Award and the McGuffey Award from the Text and Academic Authors Association. She has also coauthored three interactive multimedia software products. Dr. Powers currently serves on the Board of the CPA Endowment Fund of Illinois and chairs the Board of Governors of the Winnetka Community House. She is a member of the International Association of Accounting Education and Research and the Illinois CPA Society. She has served on the board of directors of the Illinois CPA Society, the Educational Foundation of Women in Accounting, and the national as well as Chicago chapter of ASWA.

Susan V. Crosson teaches at Emory University. Previously, she was the Accounting Program Coordinator and Professor of Accounting at Santa Fe College, Gainesville, FL., and has taught at the University of Florida; Washington University in St. Louis; University of Oklahoma; Johnson County Community College in Kansas; and Kansas City Kansas Community College. Susan is known for her innovative application of pedagogical strategies online and in the classroom, i.e., YouTube videos. She is a recipient of the Outstanding Service Award from the American Accounting Association (AAA), an Institute of Management Accountants' Faculty Development Grant to blend technology into the classroom, the Florida Association of Community Colleges Professor of the Year Award for Instructional Excellence, and the University of Oklahoma's Halliburton Education Award for Excellence. She is President of the Teaching, Learning, and Curriculum section of the AAA; was a Supply Chain Leader for The Commission on Accounting Higher Education: "Pathways to a Profession" Charting a National Higher Education Strategy for the Next Generation of Accountants established by the AAA and the American Institute of CPAs (AICPA); and led AAA's annual Conference on Teaching and Learning in Accounting for several years. Previously she served on various committees for the AICPA, Florida Institute of CPAs, and the Florida Association of Accounting Educators. For AAA, Susan has served as the American Accounting Association's Vice President for Sections and Regions and as a Council Member, Chairperson of the Membership Committee, and was Chairperson of the Two-Year Accounting Section. Susan holds a B.B.A. in economics and accounting from Southern Methodist University and a M.S. in accounting from Texas Tech. She is a CPA.

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