Accounting: Concepts and Applications (with Annual Report), 11th Edition, W. Steve Albrecht

This edition of ACCOUNTING: CONCEPTS & APPLICATIONS guides students through the what, why and how of accounting in today's business world. This textbook offers a solid presentation of concepts and procedures blended with a wealth of real company examples and solved exercises to ensure student success in the practical application of fundamental accounting principles. Students will learn to effectively use and prepare accounting information for decision making with various features that encourage critical thinking, highlight ethical considerations, and consider global implications. Emphasizing the relevancy of accounting to the business world, this edition is perfect for any student, regardless of future career plans or goals.

Review
PART I: FINANCIAL REPORTING AND THE ACCOUNTING CYCLE. 1. Accounting Information: Users and Uses. 2. Financial Statements: An Overview. 3. The Accounting Cycle: The Mechanics of Accounting. 4. Completing the Accounting Cycle. 5. Internal Controls: Ensuring the Integrity of Financial Information. PART II: OPERATING ACTIVITIES. 6. Receivables: Selling a Product or Service. 7. Inventory and the Cost of Sales 8. Completing the Operating Cycle. PART III: INVESTING AND FINANCING ACTIVITIES. 9. Investments: Property, Plant, and Equipment and Intangible Assets. 10. Financing: Long-Term Liabilities. 11. Financing: Equity. 12. Investments: Debt and Equity Securities. PART IV: OTHER DIMENSIONS OF FINANCIAL REPORTING. 13. Statement of Cash Flows. 14. Analyzing Financial Statements. PART V: FOUNDATIONS OF MANAGEMENT ACCOUNTING. 15. Management Accounting and Cost Concepts. 16. Cost Flows and Business Organizations. 17. Activity-Based Costing. PART VI: CONTROL IN A MANAGEMENT ACCOUNTING SYSTEM. 18. Budgeting and Control. 19. Controlling Cost and Profit. 20. Inventory Management and Variable and Absorption Costing. PART VII: MAKING DECISIONS USING MANAGEMENT ACCOUNTING. 21. Cost Behavior and Decisions using C-V-P Analysis. 22. Relevant Information and Decisions. 23. Capital Investment Decisions. PART VIII: CONTINUOUS IMPROVEMENT IN MANAGEMENT ACCOUNTING. 24. New Measures of Performance.

About the Author
W. Steve Albrecht is the Andersen Alumni Professor of Accountancy in the Marriott School of Management at Brigham Young University. He has done extensive research on business fraud and ethics, resulting in the publication of more than 100 articles in professional and academic journals, several awards, and having one of the Association of Certified Fraud Examiners headquarters named after him. He received a bachelor's degree in accounting from BYU and MBA and PhD degrees from the University of Wisconsin. He is a Certified Public Accountant, Certified Internal Auditor, and Certified Fraud Examiner. Dr. Albrecht has consulted with numerous organizations, including Fortune 500 companies, major financial institutions, the United Nations, FBI, and other organizations, and has been an expert witness in over 35 major fraud cases.

James D. Stice is the Distinguished Teaching Professor in the Marriott School of Management at Brigham Young University. He is currently Associate Dean of the Marriott School. Dr. Stice served for eight years as the director of BYU's MBA Program. He holds bachelor's and master's degrees in accounting from BYU and a PhD in accounting from the University of Washington. Professor Stice has been on the faculty at BYU since 1988. During that time, he has been selected by graduating accounting students as "Teacher of the Year" on numerous occasions; he was selected by his peers in the Marriott School at BYU to receive the "Outstanding Teaching Award" and he was selected by the University to receive its highest teaching award, the Maeser Excellence in Teaching Award. Professors Stice has taught in academic and executive education programs in the United States, Europe, South Africa and China for such companies as IBM, Bank of America, and Ernst & Young. Professor Stice has published articles in JOURNAL OF ACCOUNTING RESEARCH, THE ACCOUNTING REVIEW, DECISION SCIENCES, ISSUES IN ACCOUNTING EDUCATION, THE CPA JOURNAL, and other academic and professional journals and has written several accounting textbooks. In addition to his teaching and research, he currently serves on the board of directors of Nutraceutical Corporation. Dr. Stice and his wife, Kaye, have seven children and eight grandchildren.

Earl K. Stice is the PricewaterhouseCoopers Professor of Accounting in the School of Accountancy at Brigham Young University, where he has been on the faculty since 1998. He holds bachelor's and master's degrees from Brigham Young University and a PhD from Cornell University. Dr. Stice has taught at Rice University, the University of Arizona, Cornell University, and the Hong Kong University of Science and Technology (HKUST). He won the Phi Beta Kappa teaching award at Rice University, was twice selected as one of the ten best lecturers on campus at HKUST, and has won the Marriott School Teaching Award at BYU. Dr. Stice also has taught in a variety of executive education and corporate training programs in the United States, Hong Kong, China, Malaysia, and South Africa, and he has been on the executive MBA faculty of the China Europe International Business School in Shanghai, HKUST, the University of Illinois, and INSEAD (in Singapore).

He has published papers in the JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, THE ACCOUNTING REVIEW, REVIEW OF ACCOUNTING STUDIES, JOURNAL OF BUSINESS, FINANCE, AND ACCOUNTING, and ISSUES IN ACCOUNTING EDUCATION. Dr. Stice has presented his research results at seminars in the United States, Finland, Taiwan, Australia, and Hong Kong. He has coauthored several accounting texts including INTERMEDIATE ACCOUNTING, 17TH EDITION. Dr. Stice and his wife, Ramona, have seven children -- Derrald, Han, Ryan Marie, Lorien, Lily, Taraz, and Kamila - and one adorable granddaughter. Dr. Swain received his Ph.D. in managerial accounting and information systems from Michigan State University. His dissertation, which examined the impact of information load on capital budgeting decision processes, was awarded an Institute of Management Accountants Dissertation Grant. At BYU, Dr. Swain has received the Teaching Excellence Award for Management Skills in 1994, 1995, and 1997, the Marriott School of Management Outstanding Teacher in 1999, and was selected as the Deloitte & Touche Research Fellow in 2001. His research area includes the development and use of computer programs that capture and analyze the interaction of human decision processes and computerized information systems. Additionally, he uses the events-driven business solutions to study the incorporation of activity-based costing, the Balanced Scorecard, and the Theory of Constraints in management information systems.

He has published numerous papers in leading academic and practitioner journals, sits on the editorial board for two academic journals, and is a coauthor on a management accounting textbook. Dr. Swain has spent significant time working with or researching organizations such as IBM, Clorox, Deere and Company, the Church of Jesus Christ of Latter-Day Saints, and Habitat for Humanity. He is a certified public accountant and a certified management accountant. Dr. Swain took an academic leave from BYU from July 1999 to July 2000 to serve as the Chief Financial Officer for Authorize.Net (payment-processing service for e-commerce), a wholly owned subsidiary of InfoSpace, Inc. He currently serves as the Associate Director of the School of Accountancy and Information Systems where he is the Deloitte & Touche Professor of Accounting. He and his wife, Shannon, have seven children.

I had an excellent professor who used the entire book. She skipped around a little. For the most part we went cover to cover in one semester. The examples are excellent and the structure is excellent.

Product Details :

• Hardcover: 1344 pages
• Publisher: Cengage Learning; 11 edition (February 22, 2010)
• Language: English
• ISBN-10: 0538478187
• ISBN-13: 978-0538478182
• Product Dimensions: 9 x 11 inches

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