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Introduction to Accounting (Combined): A User Perspective, 2/E
Michael L. WernerUniversity of Miami
Kumen H. JonesArizona State University

ISBN-10: 0130327581
ISBN-13:  9780130327581

Publisher:  Prentice Hall
Copyright:  2004
Format:  Paper; 1008 pp
Published:  08/27/2003
Status: Instock


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Description

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 Approach. The Accounting Education Change Commission (AECC) has emphasized the importance of understanding vs. rote memorization of procedures and vocabulary. Jones/Werner focuses on all students—not just accounting majors—on the key concepts that need to be learned not just for this course, but accounting material that will be critical to their ability to make good business decisions.
  • Three Jones/Werner Text Options. The series includes separate financial and management accounting texts or a comprehensive volume that combines the full content of the financial and management texts.
  • Optional Debits & Credits. “Accumulating Accounting Data” is now covered in Chapter 6 (Ch. 7 in previous edition), which introduces the accounting cycle and the accounting procedures. Subsequent appendices to chapters 7-10 include coverage of debits and credits for the topics contained in each chapter.
  • NEW - Improved Readability. Kumen Jones and Mike Werner have assumed key authorship of the second edition. The second edition represents the most comprehensive revision to date. And, Financial Chapter 1 now introduces all four statements!
  • NEW - Briefer Financial Text. The financial portion of the text is now only 11 chapters. This edition consolidates Chapters 3 & 4 from previous edition into a single Chapter 3 on the balance sheet.
  • NEW - Integration of Financial Topics. Statement of Cash Flows and Key Financial Ratios are introduced now in Chapter 3 and are integrated throughout the text where appropriate. In-depth coverage of the direct method of the statement of cash flows is moved to an appendix Financial statement analysis chapter presents charts for each of the 17 ratios calculated for Pier 1 Imports and two peer companies.
Management Accounting Highlights
  • User-driven approach to cost behavior (Chs. 4-5).
  • Unique Chapter on Evaluating Performance (Ch. 10) discusses evaluation methods; centralized and decentralized management styles, business segments, return on investment and residual income; non-financial measures, such as quality, customer satisfaction, employee morale, employee safety, efficiency, and just-in-time philosophy.
  • Distinctive presentation of the operating budget (Ch. 8). Part I describes the importance and uses of the operating budget; compares/contrasts various approaches to preparation. Part II shows step-by-step preparation of the budgets that comprise the operating budget; details the use of the operating budget in the overall management process.
Assignment Options
  • NEW - Pier 1 Annual Report is bound with each text.
  • NEW - Revised Annual Report Project. Chapter 1 requires students to select a publicly traded company and to obtain the company's Form 10K and annual report. The annual report project requirements in later chapters are similarly supported by the text.
  • NEW - Apply What You Have Learned. These end-of-chapter assignment materials include a mix of traditional types of homework problems and innovative assignments requiring critical thinking and writing.
  • In-Text Discussion Questions. The unique Discussion Questions appear within the body of the text and provide material for in-class group activities, whole-class discussions, and writing assignments. They are designed to emphasize important textual points that students may skip in their initial reading.
  • NEW - Review the Facts. These basic, definitional questions review the key points of each chapter.
  • NEW - Revised Assignment Materials. The assignment material includes three categories of assignments, each designed to help students understand the real-world applications of the material: a) Continuous Annual Report Project b) Financial Reporting Exercises (these encourage students to use the Internet, including the SEC's EDGAR system and Prentice Hall's Companion Web site to link to real businesses and explore their financial statements), and c) Accounting Cycle Cases (which can be used with the General Ledger software) for a proprietorship, partnership, and a corporation.


New To This Edition

  • Improved Readability. Kumen Jones and Mike Werner have assumed key authorship of the second edition. The second edition represents the most comprehensive revision to date. And, Financial Chapter 1 now introduces all four statements!
  • Briefer Financial Text. The financial portion of the text is now only 11 chapters. This edition consolidates Chapters 3 & 4 from previous edition into a single Chapter 3 on the balance sheet.
  • Integration of Financial Topics. Statement of Cash Flows and Key Financial Ratios are introduced now in Chapter 3 and are integrated throughout the text where appropriate. In-depth coverage of the direct method of the statement of cash flows is moved to an appendix Financial statement analysis chapter presents charts for each of the 17 ratios calculated for Pier 1 Imports and two peer companies.
  • Pier 1 Annual Report is bound with each text.
  • Revised Annual Report Project. Chapter 1 requires students to select a publicly traded company and to obtain the company's Form 10K and annual report. The annual report project requirements in later chapters are similarly supported by the text.
  • Apply What You Have Learned. These end-of-chapter assignment materials include a mix of traditional types of homework problems and innovative assignments requiring critical thinking and writing.
  • Review the Facts. These basic, definitional questions review the key points of each chapter.
  • Revised Assignment Materials. The assignment material includes three categories of assignments, each designed to help students understand the real-world applications of the material: a) Continuous Annual Report Project b) Financial Reporting Exercises (these encourage students to use the Internet, including the SEC's EDGAR system and Prentice Hall's Companion Web site to link to real businesses and explore their financial statements), and c) Accounting Cycle Cases (which can be used with the General Ledger software) for a proprietorship, partnership, and a corporation.


Table of 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 Data.


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.



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Test Item File, 2/E
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©2004  |  Prentice Hall  |  Paper; 858 pp  |  Instock
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Companion Website - Werner, 3/E
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For Principles of Accounting I and II

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Hasselback
©2013  |  Prentice Hall  |  Paper; 450 pp  |  Estimated Availability : 07/15/2012
ISBN-10: 013311743X  |  ISBN-13: 9780133117431
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For Survey of Accounting (one semester)

Hasselback Accounting Directory 2013-2014, 35/E
Hasselback
©2013  |  Prentice Hall  |  Paper; 450 pp  |  Estimated Availability : 07/15/2012
ISBN-10: 013311743X  |  ISBN-13: 9780133117431
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For the Accounting & Taxation Discipline

A-1 Photography Practice Set - Manual Version, 3/E
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ISBN-10: 0136100899  |  ISBN-13: 9780136100898
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©2005  |  Prentice Hall  |  Paper; 56 pp  |  Instock
ISBN-10: 0131855263  |  ISBN-13: 9780131855267
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Companion Website - Werner, 3/E
Werner
©2004  |  Prentice Hall  |  On-line Supplement; 0 pp  |  Live
ISBN-10: 0131409336  |  ISBN-13: 9780131409330

Show Downloadable Files
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