INTRODUCTION TO ACCOUNTING: A USER PERSPECTIVE SECOND EDITION

KUMEN H. JONES, Arizona State University (retired); MICHAEL L. WERNER, University of Miami; and KATHERENE P. TERRELL and ROBERT L. TERRELL, both of the University of Central Oklahoma

BASIC APPROACH

For Accounting Principles, Survey of Accounting, and 50/50 courses. This introduction to accounting and its significant role in making sound business decisions teaches students how to be wise users, not necessarily preparers

Of accounting information–a strong user-based approach that’s endorsed and supported by the AECC. The authors present accounting information in a broader business context–emphasizing what accounting information is, why it is important, and how it is used to make strategic economic decisions–coverage of financial and management accounting included.

FEATURES

User-driven approach–approaches accounting from the perspective of the user rather than the preparer.

Show students how accounting information can be used to make better business decisions so that they see the immediate relevance and application of accounting concepts.

Twelve chapters cover financial accounting topics and 10 chapters cover management accounting topics.

Optional chapter 7 on Accumulating Accounting Data–brief optional coverage of accounting procedures (debits/credits) starts with Chapter 7 and continues with optional end-of-chapter appendices.

Gap Inc. annual report included–Shows students how to understand and use the information contained in GAP annual report.

Guides students through ongoing annual report projects asking them to read, research, question, and analyze date; grabs and maintains students’ interest by spotlighting real information about real companies.

Three categories of assignments: Continuous Annual Report Project in eleven chapters; Financial Reporting Cycles (linked to Internet) in eleven chapters; Accounting Cycle Cases (linked to the Prentice Hall General Ledger software on the Companion Web site) Chapter 7.

Discussion Questions–cultivates critical-thinking and decision-making skills by fully incorporating a number of discussion questions within chapter discussion. These provide instructors with an array of questions that can be used in variety of ways–as classroom discussions, short written assignments, cooperative activities, and more.

Financial Reporting Cases–encourages students to use the Internet and PHLIP web site to link to real businesses and explore their financial statements.

Allows instructors to integrate accounting procedures alongside the text or in a separate course or computer lab. Allows students to either flow smoothly through each chapter without interruption or take skill-building breaks at appropriate points.

Contents

F1. Introduction to Business in The United States.

F2. Economic Decision-Making.

F3. The Balance Sheet: Initial Financing–Investments by Owners.

F4. The Balance Sheet (Continued)" Additional Financing–Borrowing from

Others.

F5. Income Statement and Statement of Owners’ Equity.

F6. Keeping Score: Bases of Economic Measurement.

F7. Accumulating Accounting Date.

F8. Challenging Issues under Accrual Accounting: Long-Lived Depreciable

Assets–A Closer Look.

F9. Challenging Issues under Accrual Accounting: Merchandise Inventory

And Cost of Goods Sold.

F10. The Balance Sheet and Income Statement: A Closer Look.

F11. Tools of the Trade Part III The Statement of Cash Flows: Bringing the

Focus Back to Cash.

F12. Financial Statement Analysis.

M1. Management Accounting: its Environment and Future.

M2. Classifying Costs.

M3. Determining Costs of Products.

M4. Cost Behavior.

M5. Business Decisions Using Cost Behavior.

M6. Making Decisions Using Relevant Information.

M7. The Capital Budget: Evaluating Capital Expenditures.

M8. The Operating Budget.

M9. Standard Costing.

M10. Evaluating Performance.

SUPPLEMENTS

Instructor’s Manual

Solutions Manual

PH Test Manager

Solutions Transparencies

Test Item File

Power-Point Presentation

Companion Web site: www.prenhall.com/jones