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Introduction to Financial Accounting: A User Perspective, 3/E
Michael L. WernerUniversity of Miami
Kumen H. JonesArizona State University

ISBN-10: 013032759X
ISBN-13:  9780130327598

Publisher:  Prentice Hall
Copyright:  2004
Format:  Cloth; 592 pp
Published:  05/13/2003
Status: Instock


Suggested retail price: $193.33
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For Financial Accounting Courses.

This introduction to financial 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 economic decisions. Optional coverage of accounting procedures is included.

  • 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. Faculty may include (or omit these appendices) depending on their individual (and departmental) choices.
  • NEW - Improved Readability —Kumen Jones and Mike Werner have assumed key authorship of the third edition. The third edition represents the most comprehensive revision to date. And, Chapter 1 now introduces all four statements!
  • Briefer Text —The text is now only 11 chapters. The third edition consolidates Chapters 3 & 4 from previous edition into a single Chapter 3 on the balance sheet.
  • NEW - Integration of 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.
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.
  • 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.

  • Improved Readability —Kumen Jones and Mike Werner have assumed key authorship of the third edition. The third edition represents the most comprehensive revision to date. And, Chapter 1 now introduces all four statements!
  • Integration of 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.



 1. Introduction to Business in the United States.


 2. Economic Decision-Making.


 3. The Balance Sheet.


 4. Income Statement and Statement of Owners' Equity.


 5. Keeping Score: Bases of Economic Management.


 6. The Accounting System.


 7. Long-lived Depreciable Assets.


 8. Accounting for Inventory.


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


10. The Statement of Cash Flows—A Closer Look.


11. Financial Statement Analysis—A Closer Look.


"The entire book is very clearly written at a presentation level appropriate for an introductory course. The clarity and effectiveness of presentation is excellent, and I have enjoyed using this text. My students typically give me unsolicited positive feedback on the text-particularly its readability." — Connie Groer, Frostburg State University




"I felt that the author was talking to me . . . . The writing style is clear and effective and supports effective teaching. The use of well-known companies throughout gives more credibility to the reading. I have used many introductory texts and I feel that this is one of the best presentations." — A. J Potts, University of Southern Maine




"I believe there are two topics that present the greatest difficulty for students. First is the cash versus accrual bases of accounting. The second is the process of recording transactions via debits and credits, normalization, and posting to the ledger. The Werner/Jones text handles both of these issues better than my current text." — Marshall Pitman, University of Texas-San Antonio




"The entire book is very clearly written at a presentation level appropriate for an introductory course. The clarity and effectiveness of presentation is excellent, and I have enjoyed using this text. My students typically give me unsolicited positive feedback on the text, particularly its readability." — Connie Groer, Frostburg State University




"Chapter 11 is excellent! It gives a very good description of where to look for information of a nonfinancial nature. This is an unusual asset in a beginning accounting text, and the authors should be congratulated. This one chapter is enough to justify buying the book." — Harold Wyman, Florida International University




"I am currently using the Second Edition of this text and have found the chapters to be consistently strong in content, examples, and writing style." — Michael Welker, Drexel University




"The 'Accounting for Inventory' [chapter] did an excellent job of comparing periodic inventory to perpetual inventory systems. Overall, Werner/Jones have done a better job of presenting the data on inventory in a more concise and understandable manner than [current text in use]." — Ken Couvillion, San Joaquin Delta College




"Werner/Jones lays out the inventory chapter (Chapter 8) in a way that is easier for the student to understand than does my present book." — David Caslan, Bethune-Cookman College




"'Statement of Cash Flows' is a difficult chapter . . . [and it] always challenges students. The discussion of the cash flow statement is clear, the example that walks us through the preparation is uncomplicated, and the discussion of the direct method included in the appendix is fine. The best way to understand this topic is through actually preparing a statement of cash flows, and the chapter does a good job of doing so. — Mark Bettini, University of California-Berkeley




"It is my personal belief that the 'Analyzing of Financial Statements' chapter is the most important chapter in the course. After all, what's it all about if a student doesn't know how to use the financial statements to make important business decisions about a company . . . . Trying to be objective, I must tell you that Werner/Jones have done an excellent job in this chapter." — ;Ken Couvillion, San Joaquin Delta College


Mike Werner and Kumen Jones have crafted an exciting series of texts designed to meet the needs of those faculty and students who are eager to embrace a user perspective in first-year accounting.

Introduction to Financial Accounting: A User Perspective, Third Edition, covers the essential topics of financial accounting. Rather than rote memorization, the text first introduces a concept framework that emphasizes understanding of how all employees use accounting information to make effective business decisions. Additional features include:

  • Optional Treatment of Debits and Credits. Starting with Chapter 7, the authors include optional appendices on debits and credits at the ends of chapters to complement the material in stand-alone Chapter 6, "Accumulating Accounting Data." This material may be included or omitted at the discretion of each faculty member.
  • Annual Report Project Included in Assignment Material. Faculty members can tailor the project to suit their needs by assigning all of it or selected parts.
  • NEW—Fewer Chapters. The financial portion of the text is now only 11 chapters. (Chapters 3 and 4 from the second edition are combined into a single Chapter 3 on the balance sheet.)
  • NEW—Distinctive Presentation of Accounting Procedures (Chapter 6). Part I describes each step of the accounting cycle. Part II introduces debits and credits and demonstrates each accounting cycle step from journalizing transactions to closing entries.
  • 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.
Also available

Introduction to Management Accounting: A User Perspective, Second Edition, maintains the authors' well-received user approach and places a high emphasis on decision making. Other unique features include:

  • NEW-Separate Chapter on Cost Allocation and ABC (Chapter 4).
  • User-Driven Approach to Cost Behavior (Chapters 5 and 6).
  • Unique Chapter on Evaluating Performance (Chapter 11) discusses evaluation methods; centralized and decentralized management styles, business segments, return on investment and residual income; nonfinancial measures, such as quality, customer satisfaction, employee morale, employee safety, efficiency, and just-in-time philosophy.
  • Distinctive Presentation of the Operating Budget (Chapter 9). Part I describes the importance and uses of the operating budget and compares/contrasts various approaches to preparation. Part II shows step-by-step preparation of the budgets that comprise the operating budget and details the use of the operating budget in the overall management process.

Of course, if you want the best of both books, then Introduction to Accounting: A User Perspective, Second Edition, is the best solution because this single volume contains the full versions of both Introduction to Financial Accounting: A User Perspective, Third Edition, and Introduction to Management Accounting: A User Perspective, Second Edition. A seamless year of principles material included within one book!

And an extensive technology support package includes Internet tools, PowerPoints, and general ledger software available to accompany each text!

Companion Website - Werner, 3/E
Werner
©2004 | Prentice Hall | On-line Supplement; 0 pp | Instock
ISBN-10: 0131409336 | ISBN-13: 9780131409330
URLhttp://www.prenhall.com/werner
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Companion Website - Werner, 3/E
Werner
©2004 | Prentice Hall | On-line Supplement; 0 pp | Instock
ISBN-10: 0131409336 | ISBN-13: 9780131409330
URLhttp://www.prenhall.com/werner
  View Downloadable Files



Test Item File, 3/E
Werner & Jones
©2004 | Prentice Hall | On-line Supplement | Not Yet Published
ISBN-10: 0131454986 | ISBN-13: 9780131454989
URLhttp://www.prenhall.com/werner


Companion Website - Werner, 3/E
Werner
©2004 | Prentice Hall | On-line Supplement; 0 pp | Instock
ISBN-10: 0131409336 | ISBN-13: 9780131409330
URLhttp://www.prenhall.com/werner
  View Downloadable Files



A-1 Photography Practice Set - Manual Version, 3/E
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©1999 | Prentice Hall | Paper; 125 pp | Instock
ISBN-10: 0130803103 | ISBN-13: 9780130803108
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ISBN-10: 0136100899 | ISBN-13: 9780136100898
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ISBN-10: 0131499653 | ISBN-13: 9780131499652


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©2007 | Prentice Hall | CD-ROM Only | Instock
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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 | Instock
ISBN-10: 0131409336 | ISBN-13: 9780131409330
URLhttp://www.prenhall.com/werner
  View Downloadable Files



Pearson Higher Education offers special pricing when you choose to package your text with other student resources. If you're interested in creating a cost-saving package for your students, browse our available packages below, or contact your Pearson Higher Education representative to create your own package.

Package ISBN-10: 0132192225 | ISBN-13: 9780132192224
©2004 | Instock (Additional assembly time required) | Suggested retail price: $193.33 | Buy from myPearsonStore
This package contains:

Werner & Jones | ©2004 | Prentice Hall | Cloth; 592 pp
Beasley & Elder | ©2005 | Prentice Hall | Paper; 56 pp


Package ISBN-10: 0131357484 | ISBN-13: 9780131357488
©2004 | Instock (Additional assembly time required) | Suggested retail price: $198.67 | Buy from myPearsonStore
This package contains:

Werner & Jones | ©2004 | Prentice Hall | Cloth; 592 pp
Jenkins | ©2003 | Prentice Hall | Paper; 22 pp
Beasley & Elder | ©2005 | Prentice Hall | Paper; 56 pp