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Survey of Accounting

By Carl Warren, Amanda Farmer, Jefferson P. Jones

10th Edition © 2024
Discipline:Accounting
Course:Survey of Accounting
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Provide an overview of today's most essential topics in financial and managerial accounting with Warren/Farmer/Jones’ SURVEY OF ACCOUNTING, 10E. This leading book's unique Integrated Financial Statement Framework is designed for future managers, leaders or professionals who plan to use accounting information. The framework illustrates the impact of transactions on financial statements without the use of debits and credits. Special Metric Analysis features connect transactions and management decisions to metrics that assess the financial condition and performance of today's businesses. Students clearly see the importance of transactions and the impact of management decisions. New coverage of data analytics is integrated throughout as updated, streamlined and well-organized content works seamlessly with CNOWv2's online learning platform. CNOWv2 resources and videos make it easy to customize your approach to optimize your students' learning experiences.

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About this product

Provide an overview of today's most essential topics in financial and managerial accounting with Warren/Farmer/Jones’ SURVEY OF ACCOUNTING, 10E. This leading book's unique Integrated Financial Statement Framework is designed for future managers, leaders or professionals who plan to use accounting information. The framework illustrates the impact of transactions on financial statements without the use of debits and credits. Special Metric Analysis features connect transactions and management decisions to metrics that assess the financial condition and performance of today's businesses. Students clearly see the importance of transactions and the impact of management decisions. New coverage of data analytics is integrated throughout as updated, streamlined and well-organized content works seamlessly with CNOWv2's online learning platform. CNOWv2 resources and videos make it easy to customize your approach to optimize your students' learning experiences.

PROVEN APPROACH OFFERS YOU THE FLEXIBILITY TO EMPHASIZE DEBITS AND CREDITS. Appendix A, "Double Entry Accounting Systems" provides the necessary materials for you to cover debits and credits in your course, if you wish to emphasize this area. You can easily select the approach that's best for your students as this edition’s Instructor’s Manual includes versions of exercises and problems using debits and credits.

KEY TERMS ARE HIGHLIGHTED TO PREPARE STUDENTS FOR HANDS-ON USE. Key terms appear in bold type in each chapter as well as in sections on analysis and assessment and financial analysis.

STUDENT-FRIENDLY APPROACH ENCOURAGES MASTERY OF CONCEPTS. Designed for today’s students, this edition uses an inclusive, innovative, high-impact writing style that emphasizes topics in a concise, clear manner. Direct sentences, brief paragraphs, numbered lists and step-by-step calculations provide an easy-to-follow structure for learning accounting. This reader-friendly approach does not sacrifice content or rigor.

ILLUSTRATIVE PROBLEMS OFFER CLEAR SOLUTIONS. Illustrative Problems at the end of each chapter help students better understand the chapter concepts. These representative sample problems offer clear solutions that students can easily reference as they work.

Table of contents

Chapters

Cover Page
Title Page
Copyright Page
Preface
Acknowledgments
About the Authors
Chapter 1. The Role of Accounting in Business*Preview this chapter
Chapter 2. Basic Accounting Systems: Cash Basis
Chapter 3. Basic Accounting Systems: Accrual Basis
Chapter 4. Accounting for Retail Businesses
Chapter 5. Internal Control and Cash
Chapter 6. Receivables and Inventories
Chapter 7. Long-Term Operating Assets
Chapter 8. Liabilities and Stockholders’ Equity
Chapter 9. Manufacturing Operations
Chapter 10. Cost-Volume-Profit Analysis
Chapter 11. Planning Operations
Chapter 12. Operating Decisions
Chapter 13. Evaluating Operational Segments
Chapter 14. Analyzing Long-Term (Capital) Investments
Appendix A. Double-Entry Accounting Systems
Appendix B. Metric-Based Analysis of Financial Statements
Appendix C. Standard Costs and Variance Analysis
Appendix D. Using Present Value in Capital Investment Analysis
Appendix E. Process Cost Systems
Appendix F. Factory Overhead Variances
Appendix G. Individual Federal Income Taxes
The Basics
Show more

Chapter 1. The Role of Accounting in BusinessPreview this chapter ↗

Nature of Business and Accounting
Preview this section ↗
Types of Businesses ↗
Forms of Business ↗
Business Stakeholders ↗
Business Activities
Preview this section ↗
Financing Activities ↗
Investing Activities ↗
Operating Activities ↗
What Is Accounting and Its Role in Business? ↗
Financial Statements
Preview this section ↗
Income Statement ↗
Statement of Stockholders’ Equity ↗
Balance Sheet ↗
Statement of Cash Flows ↗
Integrated Financial Statements ↗
Accounting Concepts
Preview this section ↗
Business Entity Concept ↗
Cost Concept ↗
Going Concern Concept ↗
Matching Concept ↗
Objectivity Concept ↗
Unit of Measure Concept ↗
Adequate Disclosure Concept ↗
Accounting Period Concept ↗
Metric-Based Analysis: Return on Assets
Preview this section ↗
Types of Metrics ↗
Level of Application ↗
Return on Assets ↗
Key Points ↗
Key Terms ↗
Illustrative Problem ↗
Self-Examination Questions ↗
Class Discussion Questions ↗
Exercises ↗
Problems ↗
Metric-Based Analysis ↗
Cases ↗
Show more

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