Higher Education

Financial Accounting: The Impact on Decision Makers, 8th Edition

  • Gary A. Porter Drake University
  • Curtis L. Norton Arizona State University
  • ISBN-10: 1111534861  |  ISBN-13: 9781111534868
  • 912 Pages
  • Previous Editions: 2011, 2009, 2007
  • © 2013 | Published
  • College Bookstore Wholesale Price = $283.25
  • Newer Edition Available
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About

Overview

Porter and Norton pack FINANCIAL ACCOUNTING: THE IMPACT ON DECISION MAKERS, 8/E, with decades of academic and real-world accounting experience. This student-friendly text provides the appropriate blend of academic rigor with step-by-step learning models that reach today's students. Instead of an abstract approach to accounting, you will journey with students through focus companies and their specific financial data and business strategies, imparting students with real-life experience and the decisions they may face. This edition includes a Looking Ahead feature that includes discussions of the current environment of financial reporting, specifically the International Financial Reporting Standards.

Features and Benefits

  • Transaction-effects Equation Format: Transactions are notated using a
  • IFRS Coverage: Coverage appears in selected sections of the text which are called out by an icon. These references provide a brief background for the upcoming changes in financial standards that are fully covered in the book's IFRS appendix.
  • Portable On-Demand (POD) Reviews give instant feedback to students to help them master key concepts. Found after each chapter objective, this feature combines a conceptual overview with a quick quiz to engage students in the content. POD Reviews are available to download onto electronic devices and in multiple formats.
  • Key annual report excerpts from Kellogg's and General Mills bring the role of accounting in business into focus for students and provide for an interesting industry comparison.
  • Early introduction of the statement of cash flows exposes students to the delicate balance between operations and a company's investing and financing activities, and how its management impacts an organization's viability.
  • Ratio Decision Process Model. Each time a new ratio is introduced, the Ratio Decision Model helps you walk students through it, step by step—from developing and using a financial ratio to financial statement excerpts that highlight ratio terms—helping them analyze and apply ratios most effectively.
  • Alternate Terms and Problems Sections. Found at the end of each chapter, the Alternate Terms Section illustrates variations in terminology across companies, regions, and users. Further, Alternate Problems Sections include additional problems to assign, which are modeled after problems in regular Problems Sections and designed to deepen students' understanding.

Table of Contents

1. Accounting as a Form of Communication.
2. Financial Statements and the Annual Report.
3. Processing Accounting Information.
4. Income Measurement and Accrual Accounting.
5. Inventories and Cost of Goods Sold.
6. Cash and Internal Control.
7. Receivables and Investments.
8. Operating Assets: Property, Plant, and Equipment, and Intangibles.
9. Current Liabilities, Contingencies, and the Time Value of Money.
10. Long-Term Liabilities.
11. Stockholders' Equity.
12. The Statement of Cash Flows.
13. Financial Statement Analysis.
Appendix A. International Financial Reporting Standards.
Appendix B.Excerpts from Kellogg's Form 10-K
Appendix C. Excerpts from General Mills's Form 10-K
GLOSSARY.
INDEX .

What's New

  • NEW Focus on Users: Ten interviews with selected businesspeople discussing the use of accounting in their careers are included in boxed vignettes within the text and available by video to help students understand the relevance of accounting to their future careers.
  • NEW User Text and Video Interviews: Ten interviews with selected businesspeople discussing the use of accounting in their careers are included in boxed vignettes within the text and available by video to help students understand the relevance of accounting to their future careers.
  • UPDATED Financial Information: Included real-company financial statements have been updated to provide students and instructors with current financial reporting and business conditions as well as accurate company descriptions and ratios based on the latest 10-K financials.
  • UPDATED IFRS Content: Updated topical and appendix coverage of International Financial Reporting Standards provides up-to-publication details of GAAP vs. IFRS regulatory changes globally and in the U.S.
  • ENHANCED Feedback in CengageNOW: CengageNOW now includes more specific feedback to help students get further in their coursework by completing homework assignments. Feedback will be available when students click on "Check my Work" as well as after they have submitted their assignment for grading. All feedback settings are dependent on how instructors set up their courses.
  • NEW Conceptual Extenders in CengageNOW: CengageNOW for Porter/Norton now includes Conceptual Extenders that turn open-ended essay questions and
  • NEW and UPDATED: “Working-backward” exercises have been added to end-of-chapter homework. Working-backward exercises generally give students a "result:"—either journal entries, account balances, balance sheet , or income statement presentations/amounts, or ratios. With this information, students are then asked to work backward to arrive at an answer to the exercise. This type of problem solving will help students think critically about key accounting concepts.

Alternate Formats

Choose the format that best fits your student's budget and course goals

To customize your learning solution, contact your Learning Consultant for more information.

  • Looseleaf Edition

    ISBN-10: 111153487X | ISBN-13: 9781111534875

    List Price = $260.95  | College Bookstore Wholesale Price = $195.75

Learning Resource Bundles

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Printed Text + MindLink for CengageNOW 1-Semester Instant Access

ISBN-10: 1305519655 | ISBN-13: 9781305519657

List Price = $389.95  | CengageBrain Price = $389.95  | College Bookstore Wholesale Price = $293.25

This Bundle Includes:

  • Financial Accounting: The Impact on Decision Makers
    List Price = $376.95  | CengageBrain Price = $376.95  | College Bookstore Wholesale Price = $283.25
  • MindLink for CengageNOW 1-Semester Instant Access
    List Price = $135.00  | CengageBrain Price = $135.00  | College Bookstore Wholesale Price = $135.00


Supplements

All supplements have been updated in coordination with the main title. Select the main title's "About" tab, then select "What's New" for updates specific to title's edition.

For more information about these supplements, or to obtain them, contact your Learning Consultant.

Instructor Supplements

Aplia™, 1 term Instant Access  (ISBN-10: 1111961328 | ISBN-13: 9781111961329)

List Price = $135.00  | CengageBrain Price = $135.00  | College Bookstore Wholesale Price = $135.00

Instructor's Resource CD-ROM  (ISBN-10: 1111534896 | ISBN-13: 9781111534899)

This all-in-one resource contains all of the key instructor ancillaries. The Instructor's Manual contains detailed lecture outlines, lecture topics, and suggestions for classroom activities. The Solutions Manual, by the text authors, consists of solutions to all the end-of-chapter material keyed to learning outcomes and using the new transaction-effects equation notation for journal entries. The Test Bank contains a comprehensive set of test items to meet every assessment need from brief exercises to problems and decision cases. The Test Bank in ExamView® is an easy-to-use test-creation program making it simple to customize tests to your specific class needs as you edit or create questions and store customized exams. Instructor PowerPoint slides are also included on the Instructor's Resource CD-ROM as well as downloadable from the instructor resource page of the text's web site, which contains the solutions manual, instructor's manual,PowerPoint® and presentation slides, giving instructors the ultimate tool for customizing lectures and presentations.

Solutions Manual  (ISBN-10: 111153490X | ISBN-13: 9781111534905)

The full solutions manual is available in a print-on-demand format. Once ordered, the solutions manual will be printed and shipped as requested.

CengageNOW Instant Access  (ISBN-10: 1111961441 | ISBN-13: 9781111961442)

Ensure that your students have the understanding they need of accounting procedures and concepts they need to know with CengageNOW. This integrated, online course management and learning system combines the best of current technology to save to time in planning and managing your course and assignments. You can reinforce comprehension with customized student learning paths and efficiently test and automatically grade assignments with reports that correspond to AACSB, AICPA, and IMA standards. This online instant access code allows students to access CengageNOW. For your convenience, CengageNOW is also compatible with WebCT® and Blackboard®.

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Student Supplements

Aplia™, 1 term Instant Access  (ISBN-10: 1111961328 | ISBN-13: 9781111961329)

Succeed in your course with Aplia's interactive learning system--featuring practice problems with immediate feedback and tools developed specifically for FINANCIAL ACCOUNTING: THE IMPACT ON DECISION MAKERS, 8th Edition, including step-by-step explanations that help you improve your reasoning and skills, interactive assignments that help you understand difficult or counterintuitive concepts, and more. Aplia has already helped more than a million students succeed in college classes.

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Cengage Learning Write Experience 2.0 Powered by MyAccess with eBook Instant Access Code  (ISBN-10: 1133612679 | ISBN-13: 9781133612674)

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CengageNOW Instant Access  (ISBN-10: 1111961441 | ISBN-13: 9781111961442)

CengageNOW is an easy-to-use online resource that helps you study in less time to get the grade you want. This integrated system helps you efficiently manage and complete homework assignments from the text. Take pre-tests to determine the areas which require more practice and direct you to review tutorials, demonstration exercises, videos, eBook content, and fun accounting games to help learn the material, and get feedback on post-tests that check your comprehension afterwards. This online instant access code allows access to CengageNOW.

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LMS Integrated for Aplia™, 1 term Instant Access  (ISBN-10: 1285323866 | ISBN-13: 9781285323862)

Succeed in your course with 1 semester of access to Aplia's interactive learning system--featuring practice problems with immediate feedback and tools developed specifically for FINANCIAL ACCOUNTING: THE IMPACT ON DECISION MAKERS, 8th Edition, including step-by-step explanations that help you improve your reasoning and skills, interactive assignments that help you understand difficult or counterintuitive concepts, and more. Aplia has already helped more than a million students succeed in college classes.

List Price = $135.00  | CengageBrain Price = $135.00  | College Bookstore Wholesale Price = $135.00

MindLink for CengageNOW™, Write Experience 2.0 Powered by MyAccess, 1 term (6 months) Instant Access  (ISBN-10: 1285321502 | ISBN-13: 9781285321509)

Succeed in your accounting course with CengageNOW™, a powerful online homework tool that optimizes your learning experience. This interactive system generates a diagnostic Personalized Study Plan (with a chapter-specific Pre-test, Study Plan, and Post-test) to help you master concepts, prepare for exams, and get a better grade. You'll also receive access to Write Experience 2.0, an innovative system that scores your writing instantly and provides you with detailed revision goals and feedback to put you on track for writing excellence.

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MindLink for CengageNOW on WebCT™, 1 term (6 months) Instant Access  (ISBN-10: 1285321634 | ISBN-13: 9781285321639)

Have the tools you need to be successful A variety of tools are available in CengageNOW™, all combined in one easy-to-use resource designed to improve your grades. Some resources get you prepared for class and help you succeed on homework, and others show you specific areas where you can work to improve. Stay ahead of the course requirements CengageNOW shows you the path through your course—from first day through finals. Once you know what’s expected, it’s easier to complete your assignments. Gain understanding that stays with you Do well on tests as well as the assignments! Bridge the gap between homework and tests by using CengageNOW to truly understand the material. Self-study and review materials keep you on the right track, to make sure your understanding goes beyond memorization. Set yourself up for better grades Why wonder where you stand? CengageNOW includes trackable assignments and grades. It tells you what to do to improve your grade, and gives you the tools to accomplish it! Student Testimonials: “I love the check your work option. Really, when you’re having a hard time figuring out an answer, sometimes working backwards is the best way to understand conceptually what you’re doing wrong.” - Brad Duncan University of Utah “I liked the videos because they were short enough to teach me and because they were short, I was able to find time to watch them again and again if I did not understand the first time.” - Jennifer Wright Northeast Wisconsin Technical College CTA: Ask your instructor about CengageNOW for this course.

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MindLink for CengageNOW 1-Semester Instant Access  (ISBN-10: 1285321685 | ISBN-13: 9781285321684)

Succeed in your financial accounting course with 1-semester access to CengageNOW™, a powerful online homework tool that optimizes your learning experience. This interactive system generates a diagnostic Personalized Study Plan (with a chapter-specific Pre-test, Study Plan, and Post-test) to help you master concepts, prepare for exams, and get a better grade

List Price = $135.00  | CengageBrain Price = $135.00  | College Bookstore Wholesale Price = $135.00

Meet the Author

Author Bio

Gary A. Porter

Dr. Gary A. Porter earned his M.B.A. and Ph.D. degrees from the University of Colorado. Throughout his career, Dr. Porter has taught at several universities, including San Diego State; Loyola University Chicago; and the University of Montana. He has also served as a department chair. He is currently Distinguished Lecturer at Drake University. Widely published and the recipient of numerous teaching awards, Dr. Porter has conducted workshops on introductory accounting education and corporate financial reporting, has worked as a staff accountant with Deloitte & Touche, and has actively served the Illinois CPA Society, American Accounting Association, and Financial Executives International.

Curtis L. Norton

Dr. Curtis L. Norton received his Ph.D. from Arizona State University and an M.B.A. from the University of South Dakota. He is currently Clinical Professor of Accounting at Arizona State University. As Professor of Accounting at Northern Illinois University for more than 30 years, Dr. Norton earned the University Excellence Teaching Award and has published in The Accounting Review, The Journal of Accounting Education, CPA Journal, and many other professional journals. A member of the American Accounting Association and Financial Executives International, he also consults and conducts training for private and governmental authorities, banks, and utilities.