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Accounting: Texts and Cases 13th edition [Kietas viršelis]

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  • Formatas: Hardback, 944 pages, aukštis x plotis x storis: 259x208x43 mm, weight: 1851 g, 104 Illustrations
  • Išleidimo metai: 16-Jun-2010
  • Leidėjas: McGraw-Hill Professional
  • ISBN-10: 007337959X
  • ISBN-13: 9780073379593
Kitos knygos pagal šią temą:
Accounting: Texts and Cases 13th editionDidesnis paveikslėlis
  • Formatas: Hardback, 944 pages, aukštis x plotis x storis: 259x208x43 mm, weight: 1851 g, 104 Illustrations
  • Išleidimo metai: 16-Jun-2010
  • Leidėjas: McGraw-Hill Professional
  • ISBN-10: 007337959X
  • ISBN-13: 9780073379593
Kitos knygos pagal šią temą:
Pastovi nuoroda: https://www.kriso.lt/db/9780073379593.html
Raktažodžiai:
Accounting: Text and Cases is a product of lifelong dedication to the discipline of accounting. Covering both financial and managerial accounting as well as broader managerial issues, the book incorporates a breadth of experience that is sure to enrich your course and your students. The 109 cases that make up most of the end of chapter material are a combination of classic Harvard style cases and extended problems, with 12 complete new cases added to the thirteenth edition.

Accounting: Text & Cases is a product of lifelong dedication to the discipline of accounting. Covering both financial and managerial accounting as well as broader managerial issues, the book incorporates a breadth of experience that is sure to enrich your course and your students. The approximately 109 cases that make up most of the end of chapter material are combination of classic Harvard style cases and extended problems, with 12 complete new cases added to the 13th edition.

The text is covered as two parts. Part 1 deals with chapters 1 -14 which cover financial accounting, while part 2 covers Chapters 15-28 which in essence is associated with management accounting. The tale end of part 2 also focuses on broader issues of control and corporate strategy. Both parts have been updated to reflect the current changes relevant to Accounting.

PART 1 FINANCIAL ACCOUNTING
1(436)
Chapter 1 The Nature and Purpose of Accounting
2(24)
The Need for Information
2(4)
Operating Information
3(1)
Financial Accounting Information
4(1)
Management Accounting Information
4(1)
Tax Accounting Information
5(1)
Definition of Accounting
6(1)
The Profession of Accounting
6(1)
Our Approach to Accounting
7(1)
Preconceptions about Accounting
7(1)
Plan of the Book
8(1)
The Financial Accounting Framework
8(5)
Accounting as a Language
9(1)
Different Formats
9(1)
Nature of Principles
9(1)
Criteria
10(1)
Source of Accounting Principles
11(1)
Principles Vs. Rules
12(1)
Financial Statements
13(6)
The Balance Sheet
14(2)
The Income Statement
16(1)
"Package" of Financial Reports
17(1)
Fiancial Statement Objectives
17(2)
Sarbanes-Oxley Act
19(1)
Income Tax Reporting
19(1)
Summary
19(1)
Problems
20(2)
Cases
22(4)
Case 1-1: Ribbons an Bows, Inc.
22(1)
Case 1-2: Kim Fuller
23(1)
Case 1-3: Baron Coburg
24(2)
Chapter 2 Basic Accounting Concepts: The Balance Sheet
26(24)
Basic Concepts
26(7)
The Money Measurement Concept
27(1)
The Entity Concept
28(1)
The Going-Concern Concept
28(1)
The Cost Concept
29(3)
The Dual-Aspect Concept
32(1)
The Balance Sheet
33(9)
An Overall View
34(1)
Account Categories
35(1)
Assets
36(2)
Laibilities
38(1)
Owners' Equity
39(3)
Ratios
42(1)
Current Ratio
42(1)
Balance Sheet Changes
42(2)
Original Capital Contribution
42(1)
Bank Loan
43(1)
Purchase of Merchandise
43(1)
Sale of Merchandise
43(1)
Concluding Comment
44(1)
Summary
44(1)
Problems
44(3)
Cases
47(3)
Case 2-1: Maynard Company (A)
47(1)
Case 2-2: Music Mart, Inc.
48(1)
Case 2-3: Lone Pine Cafe (A)
48(2)
Chapter 3 Basic Accounting Concepts: The Income Statement
50(30)
The Nature of Income
50(1)
Basic Concepts
51(7)
The Accounting Period Concept
51(3)
The Conservatism Concept
54(2)
The Realization Concept
56(1)
The Matching Concept
57(1)
Recognition of Expenses
58(5)
Terminology
58(1)
Criteria for Expense Recognition
58(1)
Expenses and Expenditures
59(2)
Dividends
61(1)
Summary of Expense Measurement
62(1)
Gains and Losses
63(1)
The Consistency Concept
63(1)
The Materiality Concept
63(1)
The Income Statement
64(4)
Revenues
66(1)
Cost of Sales
66(1)
Gross Margin
67(1)
Expenses
67(1)
Net Income
67(1)
Statement of Retained Earnings
67(1)
Relation between Balance Sheet and Income Statement
68(1)
Income Statement Percentages
68(1)
Other Concepts of Income
68(2)
Accrual versus Cash-Basis Accounting
68(1)
Income Tax Accounting
69(1)
Economic Income
70(1)
Pro Forma Earnings
70(1)
Summary
70(1)
Problems
71(2)
Cases
73(7)
Case 3-1: Maynard Company (B)
73(1)
Case 3-2: Lone Pine Cafe (B)
74(1)
Case 3-3: Dispensers of California, Inc.
74(1)
Case 3-4: Pinetree Motel
75(2)
Case 3-5: National Association of Accountants
77(3)
Chapter 4 Accounting Records and Systems
80(28)
Recordkeeping Fundamentals
80(4)
The Account
81(1)
Permanent Accounts and Temporary Accounts
81(1)
The Ledger
82(1)
The Chart of Accounts
82(1)
Debit and Credit
82(2)
The Accounting Process
84(1)
Transaction Analysis
85(5)
Example: Campus Pizzeria, Inc.
85(3)
Balancing Accounts
88(1)
The Trial Balance
89(1)
The Adjusting and Closing Process
90(7)
Adjusting Entries
90(3)
Closing Entries
93(2)
Statement Preparation
95(1)
The Journal
96(1)
Accounting Systems
97(1)
Internal Accounting Controls
97(1)
Computer-Based Accounting Systems
98(2)
What a Computer-Based System Does
98(1)
Modules
99(1)
Problems with Computer Systems
99(1)
Summary
100(1)
Problems
100(2)
Cases
102(6)
Case 4-1: PC Depot
102(2)
Case 4-2: Save-Mart
104(1)
Case 4-3: Copies Express
104(2)
Case 4-4: Waltham Oil and Lube Center, Inc.
106(2)
Chapter 5 Revenue and Monetary Assets
108(33)
Timing of Revenue Recognition
108(8)
Basic Recognition Crietria
108(2)
SEC Response
110(2)
Delivery Method
112(1)
Percentage-of-Completion Method
113(1)
Production Method
114(1)
Installment Method
114(2)
Amount of Revenue Recognized
116(8)
Bad Debts
116(3)
Sales Discounts
119(1)
Credit Card Sales
119(1)
Sales Returns and Allowances
120(1)
Revenue Adjustment versus Expense
120(1)
Warranty Costs
121(1)
Interest Revenue
122(2)
Monetary Assets
124(2)
Difference in Reporting Monetary and Nonmonetary Assets
124(1)
Cash
125(1)
Receivables
125(1)
Marketable Securities
125(1)
Analysis of Monetary Assets
126(3)
Current Ratio
126(1)
Acid-Test Ratio
127(1)
Days' Cash
127(1)
Days' Receivables
128(1)
Summary
129(1)
Problems
129(3)
Cases
132(9)
Case 5-1: Stern Corporation (A)
132(1)
Case 5-2: Grennell Farm
132(3)
Case 5-3: Joan Holtz (A)
135(2)
Case 5-4: Wareham SC Systems, Inc.
137(4)
Chapter 6 Cost of Sales and Inventories
141(31)
Types of Companies
141(1)
Supplies
142(1)
Merchandising Companies
142(6)
Acquisition Cost
142(1)
The Basic Measurement Problem
143(1)
Periodic Inventory Method
144(1)
Perpetual Inventory Method
145(1)
Comparison of Periodic and Perpetual Methods
146(1)
Retail Method
147(1)
Manufacturing Companies
148(5)
Inventory Accounts
148(1)
Materials Used
149(1)
Cost of Goods Manufactured
150(1)
Cost of Goods Sold
151(1)
Product Costing Systems
152(1)
Product Costs and Period Costs
152(1)
Service Companies
153(1)
Inventory Costing Methods
153(6)
Specific Identification Method
154(1)
Average Cost Method
154(1)
First-In, First-Out Method
155(1)
Last-In, First-Out Method
155(1)
Comparison of Methods
156(3)
Lower of Cost or Market
159(1)
Analysis of Inventory
160(1)
Inventory Turnover
160(1)
Gross Margin Percentage
161(1)
Summary
161(1)
Problems
162(2)
Cases
164(8)
Case 6-1: Browning Manufacturing Company
164(3)
Case 6-2: Lewis Corporation
167(1)
Case 6-3: Morgan Manufacturing
168(2)
Case 6-4: Joan Holtz (B)
170(2)
Chapter 7 Long-Lived Nonmonetary Assets and Their Amortization
172(48)
Nature of Long-Lived Assets
172(2)
Types of Long-Lived Assets
173(1)
Plant and Equipment: Acquisition
174(3)
Distinction between Asset and Expense
174(1)
Items Included in Cost
175(1)
Acquisitions Recorded at Other Than Cost
176(1)
Basket Purchases
176(1)
Plant and Equipment: Depreciation
177(4)
Judgments Required
177(1)
Service Life
178(1)
Depreciation Methods
178(3)
Choice of a Depreciation Method
181(1)
Accounting for Depreciation
181(2)
Change in Depreciation Rates
182(1)
Partial-Year Depreciation
183(1)
Disclosure
183(1)
Plant and Equipment: Disposal
183(3)
Exchanges and Trade-Ins
185(1)
Group Depreciation
185(1)
Significance of Depreciation
186(1)
Income Tax Considerations
187(2)
Depreciation Allowances
187(1)
Investment Tax Credit
188(1)
Natural Resources
189(1)
Depletion
189(1)
Accretion and Appreciation
190(1)
Intangible Assets
190(4)
Limited Useful Life
190(1)
Indefinite Useful Life
191(1)
Goodwill
191(1)
Patents and Copyrights
192(1)
Leasehold Improvements
192(1)
Deferred Charges
192(1)
Research and Development Costs
192(1)
Analysis of Nonmonetary Assets
193(1)
Summary
194(1)
Problems
194(2)
Cases
196(24)
Case 7-1: Stern Corporation (B)
196(1)
Case 7-2: Joan Holtz (C)
197(2)
Case 7-3: Stafford Press
199(1)
Case 7-4: Silic: Choosing Cost or Fair Value on Adoption of IFRS
200(8)
Case 7-5: Accounting Fraud at WorldCom
208(12)
Chapter 8 Sources of Capital : Debt
220(36)
Nature of Liabilities
220(3)
Executory Contracts
220(1)
Contingencies
221(1)
Liabilities as a Source of Funds
222(1)
Debt Capital
223(1)
Term Loans
223(1)
Bonds
223(1)
Accounting for Bonds
224(5)
Recording a Bond Issue
224(2)
Balance Sheet Presentation
226(1)
Bond Interest Expense
227(1)
Retirement of Bonds
228(1)
Refunding a Bond Issue
229(1)
Leased Assets
229(2)
Capital Leases
230(1)
Sale and Leaseback
231(1)
Other Liabilities
231(1)
Current Liabilities
231(1)
Deferred Taxes
231(1)
Analysis of Capital structure
231(2)
Debt Ratios
231(2)
Times Interest Earned
233(1)
Bond Ratings
233(1)
Summary
233(1)
Appendix: Present Value
234(7)
Problems
241(2)
Cases
243(13)
Case 8-1: Norman Corporation (A)
243(2)
Case 8-2: Paul Murray
245(1)
Case 8-3: Joan Holtz (D)
245(2)
Case 8-4: Leasing Computers at Persistent Learning
247(5)
Case 8-5: Kim Park
252(4)
Chapter 9 Sources of Capital: Owners' Equity
256(27)
Forms of Business Organization
256(2)
Sole Proprietorship
256(1)
Partnership
257(1)
Corporation
257(1)
Accounting for Proprietor's and Partners' Equity
258(1)
Proprietorship Equity
258(1)
Partnership Equity
258(1)
Ownership in a Corporation
259(6)
Preferred Stock
259(1)
Common Stock
260(1)
Treasury Stock
261(1)
Retained Earnings
261(1)
Reserves
262(1)
Dividends
262(2)
Warrants and Stock Options
264(1)
Employee Stock Ownership Plans
264(1)
Balance Sheet Presentation
265(1)
Earnings per Share
265(2)
The Line between Debt and Equity
267(2)
Zero-Coupon Bonds
268(1)
Debt with Warrants
268(1)
Redeemable Preferred Stock
269(1)
Equity in Nonprofit Organizations
269(1)
Summary
270(1)
Problems
270(3)
Cases
273(10)
Case 9-1: Xytech, Inc.
273(1)
Case 9-2: Innovative Engineering Company
274(1)
Case 9-3: UPC Inc.
275(3)
Case 9-4: Maxim Integrated Products, Inc.
278(5)
Chapter 10 Other Items That Affect Net Income and Owners' Equity
283(31)
Total and Other Nonowner Changes in Owners' Equity
283(2)
Nonoperating Items
285(3)
Extraordinary Items
285(1)
Pro Forma Earnings
286(1)
Discontinued Operations
287(1)
Change in Accounting Principles
287(1)
Errors
288(1)
Personnel Costs
288(4)
Pensions
289(3)
Other Postretirement Benefits
292(1)
Compensated Absences
292(1)
Income Taxes
292(8)
Book-to-Tax Differences
292(3)
Deferred Income Taxes
295(1)
Defferred Tax Measurement
295(2)
Accounting Entries
297(3)
Foreign Currency Accounting
300(3)
Foreign Currency Transactions
300(1)
Foreign Currency Translation Adjustments
301(2)
Derivatives
303(1)
Pro Forma Earnings
304(1)
Net Income
304(1)
Summary
305(1)
Problems
305(3)
Cases
308(6)
Case 10-1: Norman Corporation (B)
308(1)
Case 10-2: Silver Appliance Company
309(2)
Case 10-3: Freedom Technology Company
311(1)
Case 10-4: Proxim, Inc.
312(2)
Chapter 11 The Statement of Cash Flows
314(29)
Purpose of the Cash Flow Statement
314(2)
Sources and Uses of Cash
315(1)
The Cash Flow Statement
316(11)
Statement Categories
317(1)
Investing Activities
317(2)
Financing Activities
319(2)
Noncash Transactions
321(1)
Cash Flow from Operating Activities
321(1)
Indirect Method Calculations
322(4)
Summary of the Cash Flow Statement
326(1)
Misconceptions about Depreciation
327(1)
Cash Flow Earnings
328(1)
Preparation of the Cash Flow Statement
328(7)
Cash Flow Worksheet
329(2)
Worksheet Entries
331(2)
Statement Preparation
333(1)
Summary of Preparation Procedures
334(1)
Analysis of the Cash Flow Statement
335(2)
Ratios
335(1)
Cash Flow Projections
336(1)
Summary
337(1)
Problems
337(2)
Cases
339(4)
Case 11-1: Medieval Adventures Company
339(1)
Case 11-2: Amerbran Company (A)
340(3)
Chapter 12 Acquisitions and Consolidated Statements
343(24)
Accounting for Investments
343(2)
Fair-Value Method
343(1)
Cost Method
344(1)
Equity Method
344(1)
Consolidated Basis
345(1)
Business Combinations
345(3)
Purchase versus Pooling
346(1)
Accounting as a Pooling
346(1)
Accounting as a Acquisition
347(1)
Consolidated Statements
348(5)
Basis for Consolidation
349(1)
Consolidation Procedure
349(3)
Asset Valuation
352(1)
Minority Interest
352(1)
Summary
353(1)
Problems
353(3)
Cases
356(11)
Case 12-1: Hardin Tool Company
356(1)
Case 12-2: Carter Corporation
357(1)
Case 12-3: The Politics and Economics of Accounting for Goodwill at Cisco Systems
358(6)
Case 12-4: Productos Finas
364(3)
Chapter 13 Financial Statement Analysis
367(35)
Business Objectives
367(2)
Return on Investment
368(1)
Sound Financial Position
369(1)
Structure of the Analysis
369(1)
Overall Measures
369(7)
Return on Investment
369(5)
Investment Turnover and Profit Margin
374(1)
Price/Earnings Ratio
375(1)
Profitability Ratios
376(1)
Profit Margin
376(1)
Common-Size Financial Statements
376(1)
Investment Utilization Ratios
377(2)
Investment Turnover
377(1)
Capital Asset Intensity
377(1)
Working Capital Measures
377(2)
Financial Condition Ratios
379(1)
Liquidity and Solvency
379(1)
Dividend Policy
379(2)
Growth Measures
381(1)
Making Comparisons
382(4)
Difficulties
382(2)
Possible Bases for Comparison
384(1)
Use of Comparisons
385(1)
Summary
386(1)
Problems
386(2)
Cases
388(14)
Case 13-1: Genmo Corporation
388(2)
Case 13-2: Amerbran Company (B)
390(1)
Case 13-3: Identify the Industries
391(1)
Case 13-4: Supplement to Identify the Industries
391(1)
Case 13-5: Springfield National Bank
391(7)
Case 13-6: Butler Lumber Company
398(4)
Chapter 14 Understanding Financial Statements
402(35)
Additional Information in Annual Reports
402(6)
Auditors' Opinion
402(3)
Notes to Financial Statements
405(1)
Segment Reporting
406(1)
Full Disclosure
406(1)
Comparative Statements
407(1)
Management's Discussion and Analysis
407(1)
Securities and Exchange Commission (SEC) Reports
407(1)
Review of Criteria and Concepts
408(5)
Criteria
408(1)
Concepts
409(4)
Accounting Alternatives
413(5)
Regulatory Requirements
413(1)
Income Tax Principles
413(1)
Latitude in Methods
414(1)
Basis of Choice
414(1)
Controversies over Principles
415(1)
Implications of These Differences
416(1)
Inherent Limitations
417(1)
Ethical Problems
417(1)
Meaning of the Financial Statements
418(3)
Income Statement
418(1)
Balance Sheet
419(2)
Statement of Cash Flows
421(1)
Summary
421(1)
Problems
421(3)
Cases
424(13)
Case 14-1: Quick Lunch
424(1)
Case 14-2: Accounting at MacCloud Winery
425(1)
Case 14-3: PolyMedica Corporation (A)
426(7)
Case 14-4: Tokyo AFM
433(4)
PART 2 MANAGEMENT ACCOUNTING
437(456)
Chapter 15 The Nature of Management Accounting
438(18)
Management Accounting
438(3)
Management Accounting is a Relatively Young Field
439(1)
Management Accountants
440(1)
Contrast between Management Accounting and Financial Reporting
441(3)
Differences
441(2)
Similarities
443(1)
Types of Management Accounting Information and Their Uses
444(3)
Measurement
445(1)
Control
446(1)
Alternative Choice Decisions
447(1)
Databases
447(2)
General Observations on Management Accounting
449(2)
Different Numbers for Different Purposes
450(1)
Accounting Numbers are Approximations
450(1)
Working with Incomplete Data
450(1)
Accounting Evidence is Only Partial Evidence
450(1)
People, Not Numbers, Get Things Done
451(1)
Summary
451(1)
Problems
452(2)
Case
454(2)
Case 15-1: Private Fitness, LLC
454(2)
Chapter 16 The Behavior of Costs
456(34)
Relation of Costs to Volume
456(12)
Variable and Fixed Costs
456(1)
Cost-Volume Diagrams
457(2)
Relation to Unit Costs
459(1)
Inherent Conditions
460(3)
Linear Assumption
463(1)
Estimating the Cost-Volume Relationship
464(3)
Measures of Volume
467(1)
Profitgraphs
468(9)
Break-Even Analysis
469(1)
Target Profit
470(1)
Operating Leverage
470(1)
Contribution
470(3)
Cash versus Accrual Profitgraphs
473(1)
Using the Profitgraph
473(1)
Several Products
474(2)
Other Influences on Costs
476(1)
Summary
477(1)
Appendix: Learning Curves
477(2)
Problems
479(2)
Cases
481(9)
Case 16-1: Hospital Supply, Inc.
481(2)
Case 16-2: Prestige Telephone Company
483(3)
Case 16-3: Bill French
486(4)
Chapter 17 Full Costs and Their Uses
490(29)
Cost Concepts
490(5)
General Definition
490(1)
Cost Object
491(1)
Full Cost
491(1)
Direct and Indirect Costs
491(1)
Applicable Accounting Principles
492(1)
Elements of Product Cost
493(2)
Product Costing Systems
495(4)
Account Flowchart
496(3)
Nonmanufacturing Costs
499(3)
Merchandising Companies
500(1)
Service Organizations
501(1)
Nonprofit Organizations
501(1)
Uses of Full Cost
502(4)
Financial Reporting
502(1)
Analyses of Profitability
502(1)
What Did It Cost?
502(1)
Setting Regulated Prices
503(1)
Product Pricing
503(3)
Summary
506(1)
Problems
506(2)
Cases
508(11)
Case 17-1: Delaney Motors
508(3)
Case 17-2: Lipman Bottle Company
511(4)
Case 17-3: Shelter Partnership, Inc.
515(4)
Chapter 18 Additional Aspects of Product Costing Systems
519(52)
Job Order Costing and Process Costing
519(5)
Production Processes
519(1)
Averaging
519(1)
Basic Types of Systems
520(1)
Job Order Costing
520(1)
Process Costing
521(2)
Choice of a System
523(1)
Variations in Practice
524(1)
Measurement of Direct Costs
524(3)
Direct Labor Cost
525(1)
Direct Material Cost
526(1)
Direct Versus Variable Cost
526(1)
Allocation of Indirect Costs
527(22)
Distinction between Direct and Indirect Costs
527(1)
Nature of Allocation
528(1)
Cost Centers
528(1)
Calculating Overhead Rates
529(4)
Cost Drivers (Allocation Bases)
533(2)
Predetermined Overhead Rates
535(1)
Procedure for Establishing Predetermined Rates
536(3)
Underabsorbed and Overabsorbed Overhead
539(1)
Activity-Based Costing
539(2)
Cross-Subsidies
541(1)
Activity-Based Costing Concepts
541(8)
Summary
549(1)
Problems
550(3)
Cases
553(18)
Case 18-1: Huron Automotive Company
553(4)
Case 18-2: California Creamery, Inc.
557(2)
Case 18-3: Safety Monitoring Devices, Inc.
559(4)
Case 18-4: Sippican Corporation (A)
563(3)
Case 18-5: Sippican Corporation (B)
566(1)
Case 18-6: Midwest Office Products
567(4)
Chapter 19 Standard Costs, Variable Costing Systems, Quality Costs, and Joint Costs
571(35)
Standard Costs
571(8)
Standard Cost Sheet
571(1)
Account Flowchart
572(4)
Variations in the Standard Cost Idea
576(1)
Terminology Ambiguities
577(1)
Uses of Standard Costs
577(2)
Variable Costing Systems
579(5)
Comparison of Absorption and Variable Costing
579(3)
Why Use Full Costing?
582(2)
Quality Costs
584(1)
Joint Products and By-Products
585(2)
Joint-Product Costing
585(1)
By-Product Costing
586(1)
Accuracy of Costs
587(1)
Judgment Calls
587(1)
Tendencies toward Uniformity
587(1)
Cost System Design Choices
588(1)
Summary
588(1)
Appendix A: Standard Costing Illustration
589(6)
Appendix B: Absorption versus Variable Costing's Impact on Income
595(1)
Problems
596(2)
Cases
598(8)
Case 19-1: Bennett Body Company
598(2)
Case 19-2: Black Meter Company
600(1)
Case 19-3: Brisson Company
600(1)
Case 19-4: Landau Company
601(2)
Case 19-5: Lynch's Chicken Ranch, Inc.
603(3)
Chapter 20 Production Cost Variance Analyses
606(22)
Variances
606(1)
Direct Material and Labor Variances
607(5)
Direct Material Variances
607(4)
Direct Labor Variances
611(1)
Overhead Variances
612(6)
Production Volume Variance
613(1)
Spending Variance
614(1)
Calculation of Overhead Variances
615(3)
Summary
618(1)
Problems
619(2)
Cases
621(7)
Case 20-1: SunAir Boat Builders, Inc.
621(2)
Case 20-2: Medi-Exam Health Services, Inc.
623(1)
Case 20-3: Cotter Company, Inc.
624(1)
Case 20-4: Lupton Company
625(3)
Chapter 21 Other Variance Analyses
628(22)
Overview of the Analytical Process
628(1)
The Need for Variance Analysis
628(1)
Types of Variances
629(1)
Marketing Variances
629(8)
Expenses Variances
629(2)
Gross Margin Variances
631(6)
Production Cost Variances
637(1)
Correct Volume Measures
637(1)
Other Variances
638(1)
Complete Analysis
639(3)
Marketing Variances
639(1)
Production Cost Variances
639(2)
Uses of Variances
641(1)
Summary
642(1)
Problems
643(2)
Cases
645(5)
Case 21-1: Campar Industries, Inc.
645(2)
Case 21-2: Darius Company
647(1)
Case 21-3: Woodside Products, Inc.
647(2)
Case 21-4: Olympic Car Wash
649(1)
Chapter 22 Control: The Management Control Environment
650(32)
Management Control
650(1)
The Environment
651(3)
The Nature of Organizations
651(2)
Rules, Guidelines, and Procedures
653(1)
Culture
653(1)
External Environment
653(1)
Responsibility Centers and Responsibility Accounts
654(3)
Inputs and Outputs
654(1)
Responsibility Accounting
655(2)
Effectiveness and Efficiency
657(1)
Types of Responsibility Centers
657(8)
Revenue Centres
658(1)
Expense Centers
658(1)
Profit Centers
659(1)
Transfer Prices
660(3)
Investment Centers
663(2)
Nonmonetary Measures
665(1)
Summary
665(1)
Problems
665(2)
Cases
667(15)
Case 22-1: Behavioral Implications of Airline Depreciation Accounting Policy Choices
667(2)
Case 22-2: Shuman Automobiles, Inc.
669(4)
Case 22-3: Zumwald AG
673(2)
Case 22-4: Enager Industries, Inc.
675(4)
Case 22-5: Piedmont University
679(3)
Chapter 23 Control: The Management Control Process
682(29)
Phases of Management Control
682(2)
Strategic Planning
682(1)
Budgeting
683(1)
Measurement and Reporting
683(1)
Evaluation
684(1)
Accounting Information Used in Management Control
684(6)
Controllable Costs
684(4)
Engineered, Discretionary, and Committed Costs
688(2)
Behavioral Aspects of Management Control
690(1)
Behavior of Participants
690(5)
Motivation
691(1)
Incentives
692(1)
Goal Congruence
693(1)
Cooperation and Conflict
694(1)
Other Types of Control
695(1)
Summary
695(1)
Problems
695(3)
Cases
698(13)
Case 23-1: Tru-Fit Parts, Inc.
698(3)
Case 23-2: Industrial Electronics, Inc.
701(1)
Case 23-3: Las Ferreterias de Mexico, S.A. de C.V.
702(3)
Case 23-4: Berkshire Industrie PLC
705(6)
Chapter 24 Strategic Planning and Budgeting
711(62)
Strategic Planning
711(3)
Ongoing Programs
712(1)
Proposed New Programs
713(1)
Formal Strategic Planning Systems
714(1)
Budgeting
714(3)
Uses of the Budget
714(2)
The Master Budget
716(1)
The Operating Budget
717(3)
Project Budgets
718(1)
Flexible (Variable) Budgets
718(1)
Management by Objectives
718(2)
Preparing the Operating Budget
720(8)
Organization for Budget Preparation
720(1)
Budget Timetable
721(1)
Setting Planning Guidelines
722(1)
Preparing the Sales Budget
722(1)
Initial Preparation of Other Budget Components
723(1)
Negotiation
724(2)
Coordinations and Review
726(1)
Final Approval and Distribution
726(1)
Revisions
726(1)
Variations in Practice
727(1)
The Cash Budget
728(1)
The Capital Expenditure Budget
729(1)
Project Proposals
729(1)
Authorization
730(1)
Follow-Up
730(1)
Beyond Budgeting
730(1)
Summary
731(1)
Problems
731(2)
Cases
733(40)
Case 24-1: Body Glove
733(7)
Case 24-2: Waikerie Co-Operative Producers Ltd.
740(9)
Case 24-3: Patagonia, Inc.
749(13)
Case 24-4: Borealis
762(11)
Chapter 25 Reporting and Evaluation
773(34)
Control Reports
773(6)
Key Success Factors
773(1)
Types of Management Reports
774(1)
Period of Control Reports
775(1)
Contents of Control Reports
775(4)
Use of Control Reports
779(4)
Feedback
781(1)
Steps in the Control Process
781(1)
Reporting and Continous Improvement
782(1)
Incentive Compensation
783(1)
Summary
784(1)
Problems
784(3)
Cases
787(20)
Case 25-1: Harwood Medical Instruments PLC
787(1)
Case 25-2: Armco, Inc.: Midwestern Steel Division
788(11)
Case 25-3: Formosa Plastics Group
799(8)
Chapter 26 Short-Run Alternative Choice Decisions
807(33)
The Differential Concept
807(2)
Cost Constructions for Various Purposes
807(1)
Differential Costs and Revenues
808(1)
Contrasts with Full Costs
808(1)
Contribution Analysis
809(3)
Types of Cost
811(1)
Alternative Choice Problems
812(2)
Steps in the Analysis
813(1)
Differential Costs
814(7)
Mechanics of the Calculation
815(2)
Other Terminology
817(1)
Estimates of Future Costs
818(1)
Sunk Costs
818(1)
Importance of the Time Span
819(1)
Example: Operating an Automobile
820(1)
Types of Alternative Choice Problems
821(7)
Problems Involving Costs
821(1)
Problems Involving Both Revenues and Costs
822(3)
Differential Investment
825(1)
Sensitivity Analysis
825(1)
The "Just One" Fallacy
826(1)
Expected Values
827(1)
Decision Tree Analysis
828(1)
Some Practical Pointers
828(1)
Summary
829(1)
Problems
829(3)
Cases
832(8)
Case 26-1: Import Distributors, Inc.
832(1)
Case 26-2: Forner Carpet Company
833(2)
Case 26-3: Precision Worldwide, Inc.
835(2)
Case 26-4: Baldwin Bicycle Company
837(3)
Chapter 27 Longer-Run Decisions: Capital Budgeting
840(28)
Nature of the Problem
840(1)
General Approach
841(3)
Net Present Value
842(1)
Return on Investment
842(2)
Estimating the Variables
844(9)
Required Rate of Return
844(2)
Economic Life
846(1)
Cash Inflows
846(4)
Investment
850(1)
Terminal Value
851(1)
Nonmonetary Considerations
851(2)
Summary of the Analytical Process
853(1)
Other Methods of Analysis
853(5)
Internal Rate of Return Method
853(2)
Payback Method
855(1)
Unadjusted Return on Investment Method
856(1)
Multiple Decision Criteria
857(1)
Preference Problems
858(1)
Criteria for Preference Problems
858(1)
Comparison of Preference Rules
858(1)
Nonprofit Organizations
859(1)
Summary
859(1)
Problems
860(2)
Cases
862(6)
Case 27-1: Sinclair Company
862(2)
Case 27-2: Rock Creek Golf Club
864(1)
Case 27-3: Phuket Beach Hotel: Valuing Mutually Exclusive Capital Projects
865(3)
Chapter 28 Management Accounting System Design
868(25)
Types of Accounting Information
868(2)
Measurement
868(1)
Control
869(1)
Alternative Choice Problems
869(1)
Relative Importance
869(1)
Cost Categories
870(2)
Designing the Management Accounting System
872(2)
Accounting Database
872(1)
Level of Detail
872(1)
Cost Accounting Systems
873(1)
Management Control Systems
873(1)
Cases
874(19)
Case 28-1: Puente Hills Toyata
874(12)
Case 28-2: Axeon N. V.
886(7)
Appendixes 893(2)
Index 895
Robert N. Anthony is the Ross Graham Walker Professor Emeritus of Management Control at Harvard Business School.  Professor Anthony has been a director of  Carborundum Company and Warnaco, Inc., both Fortune 500 companies; for 25 years he has been a trustee of Colby College, including five years as chairman of the board.  He has consulted for many companies and government agencies, including General Motors Corp., AT&T, the General Accounting Office, and the Cost Accounting Standards Board.  Among Professor Anthonys awards are the Distinguished Accounting Educator of the Year Award from AAA, Accounting Educator of the Year Award from Beta Alpha Psi, the Meritorious Service Award from the Executive Office of the President, the Distinguished Public Service Medal of the Department of Defense, Comptroller Generals Award of the U.S. General Accounting Office and Distinguished Service Award of the Harvard Business School Association.





 David Hawkins is a Full Professor at Harvard University, where he has been a member of the faculty since 1962.  He would certainly be considered "old guard" at Harvard, where the accepted practice was to have a Harvard Ph.D., develop new courses, and eventually write innovative textbooks.  Although this is no longer the norm at Harvard Business School, David maintains a strong reputation across the country as an innovative instructor and a good textbook author.





Kenneth A. Merchant holds the Chair of Accounting at the University of Southern California.