PART 1
Financial Accounting 1
1 The Nature and Purpose of Accounting 3
2 Basic Accounting Concepts: The Balance Sheet 25
3 Basic Accounting Concepts: The Income Statement 49
4 Accounting Records and Systems 81
5 Revenue and Monetary Assets 110
6 Cost of Sales and Inventories 147
7 Long-Lived Nonmonetary Assets and Their Amortization 187
8 Sources of Capital: Debt 215
9 Sources of Capital: Owners' Equity 245
10 Other Items That Affect Net Income ar Owners' Equity 272
11 The Statement of Cash Flows 310
12 Acquisitions and Consolidated Statements 342
13 Financial Statement Analysis 369
14 Understanding Financial Statements 419
PART 2
Management Accounting 455
15 The Nature of Management Accounting 456
16 The Behavior of Costs 474
17 Full Costs and Their Uses 508
18 Additional Aspects of Product Costing Systems 537
19 Standard Costs, Variable Costing Systems, Quality Costs, and Joint Costs 586
20 Production Cost Variance Analyses 621
21 Other Variance Analysis 643
22 Control: The Management Control Environment 664
23 Control: The Management Control Process 696
24 Strategic Planning and Budgeting 733
25 Reporting and Evaluation 795
26 Short-Run Alternative Choice Decisions 829
27 Longer-Run Decisions: Capital Budgeting 862
28 Management Accounting System Design 890
Appendixes 915
INDEX 917