CONTENTS
Part One The Basic Structure of Accounting
1 Accounting and Its Environment = 1
2 Recording Business Transactions = 50
3 Measuring Business Income : The Adjusting Process = 103
4 Completing the Accounting Cycle = 149
5 Merchandising and the Accounting Cycle = 214
Part Two Introduction to Accounting Systems
6 Accounting Information Systems and Internal Control = 274
7 Cash and Receivables = 331
Part Three Accounting for Noncash Assets and Current Liabilities
8 Mechandise Inventory = 395
9 Plant Assets, Intangible Assets, and Related Expenses = 439
10 Current Liabilities and Payroll Accounting
Part Four Ownership Interests
11 Long-Term Liabilities
12 Corporate organization, Paid-in Capital, and the Balance Sheet
13 Retained Earnings, Dividends Treasury Stock, and the Income Statement
14 Investment and Accounting for International Operations
Part Five Analysis of Cash Flows
15 Statement of Cash Flows
Part Six Management Accounting and Internal Decision Making
16 Introduction to Management Accounting : The master Budget
17 Cost-Volume-Profit Relationships and the Contribution Margin Approach to Decision Making = 809
18 Cost Behavior Analysis = 846
Part Seven Product Costing, Planning, and Control
19 Manufacturing Accounting and Job Order Costing = 888
20 Process Costing = 934
21 Flexible Budgets and Standard Costs = 974
22 Responsibility Accounting = 106
23 Strategy, Cost Management, and Continuous Improvement = 1056
Part Eight Focus on Decision Making
24 Special Business Decisions and Pricing = 1093
25 Capital Budgeting = 1136
26 Decentralization : Transfer Pricing and Performance Measurement = 1171
27 Using Accounting Information to Make Business Decisions = 1210
Appendixes
A Time Value of Money : Future Value and Present Value = A-1
B The Foundation for Generally Accepted Accounting Principles = B-1
C Published Financial Statements = C-1
D Accounting for Partnerships = D-1
Indexes = I-1
