Financial and Managerial Accounting by Carl S. Warren, James M. Reeve, Jonathan Duchac

By Carl S. Warren, James M. Reeve, Jonathan Duchac

New content material contains author-written Dynamic indicates that permit scholars to work out connections and relationships like by no means ahead of! Dynamic indicates enable scholars to alter the variables in a state of affairs and spot how a transformation ripples in the course of the accounting process, aiding scholars know how ideas relate to each other. as well as the numerous new electronic resources created for this variation, the textbook content material itself has additionally been revised to incorporate the recent profit acceptance ordinary and a better emphasis on carrier businesses within the managerial accounting chapters. the tip aim of Warren/Reeve/Duchac’s monetary AND MANAGERIAL ACCOUNTING and CengageNOWv2 is to raise considering and create extra empowered and ready students--ready to tackle the remainder of their academic and occupation pursuits.

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All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it. Chapter 1 Introduction to Accounting and Business Generally Accepted Accounting Principles If a company’s management could record and report financial data as it saw fit, comparisons among companies would be difficult, if not impossible.

Sources: Charting a National Strategy for the Next Generation of Accountants, The Pathways Commission, July 2012. Copyright 2016 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.

Some examples of each type of business follow: • Service businesses provide services rather than products to customers. Delta Air Lines (transportation services) The Walt Disney Company (entertainment services) M  erchandising businesses sell products they purchase from other businesses to cus• tomers. com (Internet books, music, videos) 1 A complete glossary of terms appears at the end of the text. Copyright 2016 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part.

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