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Financial Accounting 10th edition [Kietas viršelis]

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  • Formatas: Hardback, 912 pages, aukštis x plotis: 276x216 mm, weight: 1814 g
  • Išleidimo metai: 26-Jun-2014
  • Leidėjas: Pearson
  • ISBN-10: 0133427536
  • ISBN-13: 9780133427530
Kitos knygos pagal šią temą:
  • Formatas: Hardback, 912 pages, aukštis x plotis: 276x216 mm, weight: 1814 g
  • Išleidimo metai: 26-Jun-2014
  • Leidėjas: Pearson
  • ISBN-10: 0133427536
  • ISBN-13: 9780133427530
Kitos knygos pagal šią temą:
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Financial Accounting helps students nail the accounting cycle!

Financial Accounting features the accounting cycle up front in the text in order to increase success and retention later on. The concepts and mechanics students learn in the critical accounting cycle chapters are used consistently and repetitivelyand with clear-cut details and explanationsthroughout the remainder of the text, thus minimizing confusion.



MyAccountingLab for Financial Accounting is an online homework, tutorial, and assessment program that truly engages students in learning. It helps students better prepare for class, quizzes, and examsresulting in better performance in the courseand provides educators with a dynamic set of tools for gauging individual and class progress.

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This program presents a better teaching and learning experience. Financial Accounting, Tenth Edition will:





Personalize learning with MyAccountingLab: MyAccountingLab provides instructors with a rich and flexible set of course materials, along with course-management tools that make it easy to deliver all or a portion of your course online. Use consistency, repetition, and a high level of detail when teaching core accounting concepts. Teach with a better coverage of the accounting cycle from start to finish. The text covers a wide range of topics that prepares students for their field.æ Reinforce learning by using exercises: End-of-chapter, analytical, and Challenge Problems allows students to review the material and gain a better grasp of the text.

Note: You are purchasing a standalone product; MyAccountingLab does not come packaged with this content. If you would like to purchase both the physical text and MyAccountingLab search for ISBN-10: 0133768775/ISBN-13: 9780133768770. That package includes ISBN-10: 0133427536/ISBN-13: 9780133427530 and ISBN-10: 0133437280/ISBN-13: 9780133437287.

MyAccountingLab is not a self-paced technology and should only be purchased when required by an instructor.
Preface xv
Visual Walk-Through xviii
Chapter 1 The Financial Statements
1(52)
Spotlight: The Gap, Inc.
1(2)
Explain Why Accounting Is the Language of Business
3(3)
Who Uses Accounting Information?
4(1)
Two Kinds of Accounting: Financial Accounting and Management Accounting
4(1)
Organizing a Business
5(1)
Explain and Apply Underlying Accounting Concepts, Assumptions, and Principles
6(5)
The Entity Assumption
8(1)
The Continuity (Going-Concern) Assumption
8(1)
The Historical Cost Principle
8(1)
The Stable-Monetary-Unit Assumption
9(2)
Apply the Accounting Equation to Business Organizations
11(3)
Assets and Liabilities
11(1)
Owners' Equity
12(2)
Evaluate Business Operations Through the Financial Statements
14(7)
The Income Statement Measures Operating Performance
14(2)
The Statement of Retained Earnings Shows What a Company Did with Its Net Income
16(1)
The Balance Sheet Measures Financial Position
17(3)
The Statement of Cash Flows Measures Cash Receipts and Payments
20(1)
Construct Financial Statements and Analyze the Relationships Among Them
21(2)
Evaluate Business Decisions Ethically
23(3)
End-of-Chapter Summary Problem
26(27)
Chapter 2 Transaction Analysis
53(60)
Spotlight: Whole Foods Market, Inc.
53(2)
Explain What a Transaction Is
55(1)
Define "Account," and List and Differentiate Between Different Types of Accounts
55(2)
Assets
55(1)
Liabilities
56(1)
Stockholders' (Owners') Equity
56(1)
Show the Impact of Business Transactions on the Accounting Equation
57(11)
Example: Freddy's Auto Service, Inc.
57(6)
Transactions and Financial Statements
63(3)
Mid-Chapter Summary Problem
66(2)
Analyze the Impact of Business Transactions on Accounts
68(3)
The T-Account
68(1)
Increases and Decreases in the Accounts: The Rules of Debit and Credit
68(2)
Additional Stockholders' Equity Accounts: Revenues and Expenses
70(1)
Record (Journalize and Post) Transactions in the Books
71(7)
Copying Information (Posting) from the Journal to the Ledger
72(1)
The Flow of Accounting Data
73(4)
Accounts after Posting to the Ledger
77(1)
Construct and Use a Trial Balance
78(35)
Analyzing Accounts
79(1)
Correcting Accounting Errors
80(1)
Chart of Accounts
80(1)
The Normal Balance of an Account
81(1)
Account Formats
81(1)
Analyzing Transactions Using Only T-Accounts
82(2)
End-of-Chapter Summary Problem
84(29)
Chapter 3 Accrual Accounting & Income
113(79)
Spotlight: Starbucks Corporation
113(2)
Explain How Accrual Accounting Differs from Cash-Basis Accounting
115(1)
Accrual Accounting and Cash Flows
116(1)
The Time-Period Concept
116(1)
Apply the Revenue and Expense Recognition Principles
116(3)
The Revenue Principle
116(2)
The Expense Recognition Principle
118(1)
Ethical Issues in Accrual Accounting
119(1)
Adjust the Accounts
119(14)
Which Accounts Need to Be Updated (Adjusted)?
119(1)
Categories of Adjusting Entries
120(1)
Prepaid Expenses
120(3)
Depreciation of Plant Assets
123(2)
Accrued Expenses
125(2)
Accrued Revenues
127(1)
Unearned Revenues
128(1)
Summary of the Adjusting Process
129(3)
The Adjusted Trial Balance
132(1)
Construct the Financial Statements
133(8)
Mid-Chapter Summary Problem
135(6)
Close the Books
141(4)
Classifying Assets and Liabilities Based on Their Liquidity
142(1)
Reporting Assets and Liabilities: Starbucks Corporation
143(1)
Formats for the Financial Statements
143(2)
Analyze and Evaluate a Company's Debt-Paying Ability
145(47)
Net Working Capital
145(1)
Current Ratio
145(1)
Debt Ratio
146(1)
How Do Transactions Affect the Ratios?
146(4)
End-of-Chapter Summary Problem
150(42)
Chapter 4 Internal Control & Cash
192(53)
Spotlight: Cooking the Books: Mid-Atlantic Manufacturing Company Takes a Hit
192(3)
Describe Fraud and Its Impact
195(2)
Fraud and Ethics
197(1)
Explain the Objectives and Components of Internal Control
197(7)
The Sarbanes-Oxley Act (SOX)
198(1)
The Components of Internal Control
199(1)
Internal Control Procedures
200(2)
Information Technology
202(1)
Safeguard Controls
203(1)
Internal Controls for E-Commerce
203(1)
Security Measures
203(1)
The Limitations of Internal Control---Costs and Benefits
204(1)
Design and Use a Bank Reconciliation
204(11)
Signature Card
205(1)
Deposit Ticket
205(1)
Check
205(1)
Bank Statement
206(1)
Bank Reconciliation
207(1)
Preparing the Bank Reconciliation
208(3)
Online Banking
211(2)
Mid-Chapter Summary Problem
213(2)
Evaluate Internal Controls Over Cash Receipts and Cash Payments
215(3)
Cash Receipts Over the Counter
215(1)
Cash Receipts by Mail
215(1)
Controls Over Payment by Check
216(2)
Construct and Use a Cash Budget
218(2)
Report Cash on the Balance Sheet
220(25)
Compensating Balance Agreements
220(1)
End-of-Chapter Summary Problem
221(24)
Chapter 5 Short-Term Investments & Receivables
245(55)
Spotlight: Amazing Apple! Short-term investments and accounts receivable are 37 times as large as inventories!
245(9)
Account for Short-Term Investments
247(1)
Reasons to Invest in Other Companies
247(1)
Trading Securities
248(4)
Reporting on the Balance Sheet and the Income Statement
252(1)
Ethics and the Current Ratio
252(1)
Mid-Chapter Summary Problem
253(1)
Apply GAAP for Proper Revenue Recognition
254(2)
Shipping Terms, Sales Discounts, and Sales Returns
255(1)
Account for and Control Accounts Receivable
256(2)
Types of Receivables
256(1)
Internal Controls Over Cash Collections on Account
257(1)
How Do We Manage the Risk of Not Collecting?
257(1)
Evaluate Collectibility Using the Allowance for Uncollectible Accounts
258(8)
Allowance Method
259(6)
Direct Write-Off Method
265(1)
Computing Cash Collections from Customers
265(1)
Account for Notes Receivable
266(3)
Accounting for Notes Receivable
267(2)
Show How to Speed Up Cash Flow from Receivables
269(2)
Credit Card or Bankcard Sales
269(1)
Selling (Factoring) Receivables
270(1)
Reporting on the Statement of Cash Flows
270(1)
Evaluate Liquidity Using Two New Ratios
271(29)
Quick (Acid-Test) Ratio
271(1)
Days' Sales in Receivables
271(2)
End-of-Chapter Summary Problem
273(27)
Chapter 6 Inventory & Cost of Goods Sold
300(62)
Spotlight: Family Dollar Stores, Inc.
300(3)
Show How to Account for Inventory
303(5)
Sale Price vs. Cost of Inventory
304(2)
Accounting for Inventory in the Perpetual System
306(2)
Apply and Compare Various Inventory Cost Methods
308(8)
What Goes into Inventory Cost?
308(1)
Apply the Various Inventory Costing Methods
309(2)
Compare the Effects of FIFO, LIFO, and Average Cost on Cost of Goods Sold, Gross Profit, and Ending Inventory
311(1)
Keeping Track of Perpetual Inventories under LIFO and Weighted-Average Cost Methods
312(1)
The Tax Advantage of LIFO
313(1)
Mid-Chapter Summary Problem
314(2)
Explain and Apply Underlying GAAP for Inventory
316(2)
Disclosure Principle
316(1)
Lower-of-Cost-or-Market Rule
316(2)
Inventory and the Detailed Income Statement
318(1)
Compute and Evaluate Gross Profit (Margin) Percentage and Inventory Turnover
318(2)
Gross Profit Percentage
318(1)
Inventory Turnover
319(1)
Use the COGS Model to Make Management Decisions
320(2)
Computing Budgeted Purchases
321(1)
Estimating Inventory by the Gross Profit Method
321(1)
Analyze Effects of Inventory Errors
322(40)
End-of-Chapter Summary Problem
325(37)
Chapter 7 Plant Assets, Natural Resources, & Intangibles
362(66)
Spotlight: FedEx Corporation
362(3)
Measure and Account for the Cost of Plant Assets
365(2)
Land
365(1)
Buildings, Machinery, and Equipment
365(1)
Land Improvements and Leasehold Improvements
366(1)
Lump-Sum (or Basket) Purchases of Assets
366(1)
Distinguish a Capital Expenditure from an Immediate Expense
367(2)
Measure and Record Depreciation on Plant Assets
369(13)
How to Measure Depreciation
370(1)
Depreciation Methods
370(5)
Comparing Depreciation Methods
375(2)
Mid-Chapter Summary Problem
377(1)
Other Issues in Accounting for Plant Assets
378(1)
Depreciation for Tax Purposes
378(2)
Depreciation for Partial Years
380(1)
Changing the Useful Life of a Depreciable Asset
380(2)
Fully Depreciated Assets
382(1)
Analyze the Effect of a Plant Asset Disposal
382(5)
Disposing of a Fully Depreciated Asset for No Proceeds
383(1)
Selling a Plant Asset
383(1)
Exchanging a Plant Asset
384(1)
T-Accounts for Analyzing Plant Asset Transactions
385(2)
Apply GAAP for Natural Resources and Intangible Assets
387(3)
Accounting for Natural Resources
387(1)
Accounting for Intangible Assets
388(1)
Accounting for Specific Intangibles
388(2)
Accounting for Research and Development Costs
390(1)
Explain the Effect of an Asset Impairment on the Financial Statements
390(2)
Analyze Rate of Return on Assets
392(2)
DuPont Analysis: A More Detailed View of ROA
393(1)
Analyze the Cash Flow Impact of Long-Lived Asset Transactions
394(34)
End-of-Chapter Summary Problem
397(31)
Chapter 8 Long-Term Investments & the Time Value of Money
428(54)
Spotlight: Intel Holds Several Different Types of Investments
428(3)
Stock and Bond Prices
430(1)
Reporting Investments on the Balance Sheet
430(1)
Analyze and Report Investments in Held-to-Maturity Debt Securities
431(2)
Analyze and Report Investments in Available-for-Sale Securities
433(4)
Accounting Methods for Long-Term Stock Investments
433(2)
The Fair Value Adjustment
435(1)
Selling an Available-for-Sale Investment
436(1)
Analyze and Report Investments in Affiliated Companies Using the Equity Method
437(3)
Buying a Large Stake in Another Company
437(1)
Accounting for Equity-Method Investments
438(2)
Analyze and Report Controlling Interests in Other Corporations Using Consolidated Financial Statements
440(8)
Why Buy Controlling Interest in Another Company?
440(1)
Consolidation Accounting
440(1)
The Consolidated Balance Sheet and the Related Work Sheet
441(1)
Goodwill and Noncontrolling Interest
442(1)
Income of a Consolidated Entity
442(2)
Mid-Chapter Summary Problem
444(2)
Consolidation of Foreign Subsidiaries
446(1)
Foreign Currencies and Exchange Rates
446(1)
The Foreign-Currency Translation Adjustment
447(1)
Report Investing Activities on the Statement of Cash Flows
448(1)
Explain the Impact of the Time Value of Money on Certain Types of Investments
449(33)
Present Value
450(1)
Present-Value Tables
451(1)
Present Value of an Ordinary Annuity
452(2)
Using Microsoft Excel to Calculate Present Value
454(1)
Using the PV Model to Compute Fair Value of Available-for-Sale Investments
455(1)
Present Value of an Investment in Bonds
456(1)
End-of-Chapter Summary Problems
457(25)
Chapter 9 Liabilities
482(68)
Spotlight: Southwest Airlines: Still Flying High!
482(2)
Account for Current and Contingent Liabilities
484(10)
Current Liabilities of Known Amount
484(6)
Current Liabilities That Must Be Estimated
490(1)
Contingent Liabilities
491(1)
Are All Liabilities Reported on the Balance Sheet?
492(1)
Summary of Current Liabilities
493(1)
Mid-Chapter Summary Problem
493(1)
Account for Bonds Payable, Notes Payable, and Interest Expense
494(16)
Bonds: An Introduction
494(3)
Issuing Bonds Payable at Par (Face Value)
497(2)
Issuing Bonds Payable at a Discount
499(1)
What Is the Interest Expense on These Bonds Payable?
499(2)
Interest Expense on Bonds Issued at a Discount
501(3)
Partial-Period Interest Amounts
504(1)
Issuing Bonds Payable at a Premium
504(4)
The Straight-Line Amortization Method: A Quick and Dirty Way to Measure Interest Expense
508(1)
Should We Retire Bonds Payable Before Their Maturity?
509(1)
Convertible Bonds and Notes
509(1)
Analyze and Differentiate Financing with Debt Versus Equity
510(3)
The Leverage Ratio
512(1)
The Times-Interest-Earned Ratio
513(1)
Understand Other Long-Term Liabilities
513(3)
Leases
513(1)
Types of Leases
513(1)
Do Lessees Prefer Operating Leases or Capital Leases?
514(1)
Pensions and Postretirement Liabilities
515(1)
Report Liabilities
516(34)
Reporting on the Balance Sheet
516(1)
Disclosing the Fair Value of Long-Term Debt
517(1)
Reporting Financing Activities on the Statement of Cash Flows
517(1)
End-of-Chapter Summary Problems
518(32)
Chapter 10 Stockholders' Equity
550(67)
Spotlight: The Home Depot: Building Toward Success
550(2)
Explain the Features of a Corporation
552(5)
Organizing a Corporation
553(1)
Stockholders' Rights
554(1)
Stockholders' Equity
555(1)
Classes of Stock
555(2)
Account for the Issuance of Stock
557(7)
Common Stock
557(3)
A Stock Issuance for Other Than Cash Can Create an Ethical Challenge
560(1)
Preferred Stock
561(1)
Mid-Chapter Summary Problem
562(2)
Authorized, Issued, and Outstanding Stock
564(1)
Show how Treasury Stock Affects a Company
564(3)
How Is Treasury Stock Recorded?
564(2)
Retirement of Treasury Stock
566(1)
Resale of Treasury Stock
566(1)
Issuing Stock for Employee Compensation
566(1)
Summary of Treasury-Stock Transactions
567(1)
Account for Retained Earnings, Dividends, and Splits
567(6)
Should the Company Declare and Pay Cash Dividends?
568(1)
Cash Dividends
568(1)
Analyzing the Stockholder's Equity Accounts
569(1)
Dividends on Preferred Stock
570(1)
Stock Dividends
571(1)
Stock Splits
572(1)
Summary of the Effects on Assets, Liabilities, and Stockholders' Equity
573(1)
Use Stock Values in Decision Making
573(4)
Market, Redemption, Liquidation, and Book Value
573(2)
ROE: Relating Profitability to Stockholder Investment
575(2)
Report Stockholders' Equity Transactions in the Financial Statements
577(40)
Statement of Cash Flows
577(1)
Statement of Stockholders' Equity
578(1)
A Detailed Stockholders' Equity Section of the Balance Sheet
579(2)
End-of-Chapter Summary Problems
581(36)
Chapter 11 Evaluating Performance: Earnings Quality, the Income Statement, & the Statement of Comprehensive Income
617(47)
Spotlight: The Gap, Inc.: What a Difference a Year Makes!
617(2)
Evaluate Quality of Earnings
619(4)
Revenue Recognition
620(1)
Cost of Goods Sold and Gross Profit (Gross Margin)
621(1)
Operating and Other Expenses
622(1)
Operating Income (Earnings)
622(1)
Account for Foreign-Currency Gains and Losses
623(2)
Dollars versus Foreign Currency
623(1)
Reporting Foreign-Currency Gains and Losses on the Income Statement
624(1)
Reporting Foreign-Currency Exchange Gains and Losses on Cash and Cash Equivalents in the Statement of Cash Flows
624(1)
Should We Hedge Our Foreign-Currency-Transaction Risk?
625(1)
Account for Other Items on the Income Statement
625(5)
Interest Expense and Interest Income
625(1)
Corporate Income Taxes
625(2)
Which Income Number Predicts Future Profits?
627(1)
Discontinued Operations
628(1)
Accounting Changes
629(1)
Compute Earnings per Share
630(1)
Analyze the Statement of Comprehensive Income, Footnotes, and Supplemental Disclosures
631(3)
Reporting Comprehensive Income
631(1)
For Additional Details, Don't Forget the Footnotes
632(2)
Nonfinancial Reports
634(1)
Differentiate Management's and Auditors' Responsibilities in Financial Reporting
634(30)
Management's Responsibility
634(1)
Auditor Report
634(3)
End-of-Chapter Summary Problems
637(27)
Chapter 12 The Statement of Cash Flows
664(75)
Spotlight: Google: The Ultimate Answer (and Cash) Machine
664(2)
Identify the Purposes of the Statement of Cash Flows
666(2)
How's Your Cash Flow? Telltale Signs of Financial Difficulty
667(1)
Distinguish Among Operating, Investing, and Financing Activities
668(1)
Two Formats for Operating Activities
669(1)
Prepare a Statement of Cash Flows by the Indirect Method
669(15)
Cash Flows from Operating Activities
671(4)
Cash Flows from Investing Activities
675(1)
Cash Flows from Financing Activities
676(4)
Noncash Investing and Financing Activities
680(1)
Mid-Chapter Summary Problem
681(3)
Prepare a Statement of Cash Flows by the Direct Method
684(55)
Cash Flows from Operating Activities
685(2)
Depreciation, Depletion, and Amortization Expense
687(1)
Cash Flows from Investing Activities
687(1)
Cash Flows from Financing Activities
688(1)
Noncash Investing and Financing Activities
688(1)
Computing Operating Cash Flows by the Direct Method
689(4)
Computing Investing and Financing Cash Flows
693(1)
Measuring Cash Adequacy: Free Cash Flow
694(2)
End-of-Chapter Summary Problems
696(43)
Chapter 13 Financial Statement Analysis
739(82)
Spotlight: How Well Is Amazon.com Doing?
739(4)
It Starts with the Big Picture
741(2)
Perform Horizontal Analysis
743(6)
Illustration: Amazon.com, Inc.
743(5)
Trend Percentages
748(1)
Perform Vertical Analysis
749(3)
Illustration: Amazon.com, Inc.
749(3)
Prepare Common-Size Financial Statements
752(1)
Benchmarking
753(1)
Benchmarking Against a Key Competitor
753(1)
Analyze the Statement of Cash Flows
753(4)
Mid-Chapter Summary Problem
756(1)
Use Ratios to Make Business Decisions
757(16)
Remember to Start at the Beginning: Company and Industry Information
758(1)
Now Let's Do the Numbers
759(1)
Measuring Ability to Pay Current Liabilities
759(3)
Measuring Turnover and the Cash Conversion Cycle
762(3)
Measuring Leverage: Overall Ability to Pay Debts
765(1)
Measuring Profitability
766(5)
Analyzing Stock as an Investment
771(2)
The Limitations of Ratio Analysis
773(1)
Use Other Measures to Make Investment Decisions
773(48)
Economic Value Added (EVA®)
773(1)
Red Flags in Financial Statement Analysis
774(1)
Efficient Markets
775(3)
End-of-Chapter Summary Problems
778(43)
Appendix A Amazon.com 2012 Annual Report 821(24)
Appendix B YUM! Brands, Inc. Annual Report 2012 845(18)
Appendix C Typical Charts of Accounts for Different Types of Businesses 863(2)
Appendix D Summary of Generally Accepted Accounting Principles (GAAP) 865(2)
Appendix E Summary of Differences Between U.S. GAAP and IFRS Cross Referenced to
Chapter
867(4)
Company Index 871(4)
Glindex 875
Walter T. Harrison Jr. is professor emeritus of accounting at the Hankamer School of Business, Baylor University. He received his BBA from Baylor University, his MS from Oklahoma State University, and his PhD from Michigan State University. Professor Harrison, recipient of numerous teaching awards from student groups as well as from university administrators, has also taught at Cleveland State Community College, Michigan State University, the University of Texas, and Stanford University.

A member of the American Accounting Association and the American Institute of Certified Public Accountants, Professor Harrison has served as chairman of the Financial Accounting Standards Committee of the American Accounting Association, on the Teaching/Curriculum Development Award Committee, on the Program Advisory Committee for Accounting Education and Teaching, and on the Notable Contributions to Accounting Literature Committee.

Professor Harrison has lectured in several foreign countries and published articles in numerous journals, including Journal of Accounting Research, Journal of Accountancy, Journal of Accounting and Public Policy, Economic Consequences of Financial Accounting Standards, Accounting Horizons, Issues in Accounting Education, and Journal of Law and Commerce.

He is co-author of Financial & Managerial Accounting, second edition, 2009 and Accounting, eighth edition, 2009 (with Charles T. Horngren and M. Suzanne Oliver), published by Pearson Prentice Hall. Professor Harrison has received scholarships, fellowships, and research grants or awards from PricewaterhouseCoopers, Deloitte & Touche, the Ernst & Young Foundation, and the KPMG Foundation.



Charles T. Horngren (19262011) was the Edmund W. Littlefield professor of accounting, emeritus, at Stanford University. A graduate of Marquette University, he received his MBA from Harvard University and his PhD from the University of Chicago. He was also the recipient of honorary doctorates from Marquette University and DePaul University.

A certified public accountant, Horngren served on the Accounting Principles Board for six years, the Financial Accounting Standards Board Advisory Council for five years, and the Council of the American Institute of Certified Public Accountants for three years. For six years he served as a trustee of the Financial Accounting Foundation, which oversees the Financial Accounting Standards Board and the Government Accounting Standards Board.

Horngren is a member of the Accounting Hall of Fame.

A member of the American Accounting Association, Horngren was its president and its director of research.

He received its first annual Outstanding Accounting Educator Award.

The California Certified Public Accountants Foundation gave Horngren its Faculty Excellence Award and its Distinguished Professor Award. He was the first person to have received both awards.

The American Institute of Certified Public Accountants presented its first Outstanding Educator Award to Horngren.

Horngren was named Accountant of the Year, in Education, by the national professional accounting fraternity, Beta Alpha Psi.

Professor Horngren was also a member of the Institute of Management Accountants, from whom he received its Distinguished Service Award. He was a member of the institutes Board of Regents, which administers the Certified Management Accountant examinations.

Horngren is the author of these other accounting books published by Pearson: Cost Accounting: A Managerial Emphasis, Fifteenth Edition, 2015 (with Srikant Datar and George Foster); Introduction to Financial Accounting, Eleventh Edition, 2014 (with Gary L. Sundem, John A. Elliott, and Donna Philbrick); Introduction to Management Accounting, Sixteenth Edition, 2014 (with Gary L. Sundem, Jeff Schatzberg, and Dave Burgstahler); Financial & Managerial Accounting, Sixteenth Edition, 2014 and Horngrens Accounting, Tenth Edition, 2014 (revised by Tracie Nobles, Brenda Mattison, and Ella Mae Matsumura).

Horngren was the consulting editor for Pearsons Charles T. Horngren Series in Accounting.



C. William (Bill) Thomas is the J. E. Bush Professor of Accounting and a Master Teacher at Baylor University. A Baylor University alumnus, he received both his BBA and MBA there and went on to earn his PhD from The University of Texas at Austin.

With primary interests in the areas of financial accounting and auditing, Bill Thomas has served as the J. E. Bush Professor of Accounting since 1995. He has been a member of the faculty of the Accounting and Business Law Department of the Hankamer School of Business since 1971, and served as chair of the department from 1983 until 1995. He was recognized as an Outstanding Faculty Member of Baylor University in 1984 and Distinguished Professor for the Hankamer School of Business in 2002. Dr. Thomas has received several awards for outstanding teaching, including the Outstanding Professor in the Executive MBA Programs in 2001, 2002, and 2006. In 2004, he received the designation as Master Teacher.

Thomas is the author of textbooks in auditing and financial accounting, as well as many articles in auditing, financial accounting and reporting, taxation, ethics and accounting education. His scholarly work focuses on the subject of fraud prevention and detection, as well as ethical issues among accountants in public practice. His most recent publication of national prominence is The Rise and Fall of the Enron Empire which appeared in the April 2002 Journal of Accountancy, and which was selected by Encyclopedia Britannica for inclusion in its Annals of American History. He presently serves as both technical and accounting and auditing editor of Todays CPA, the journal of the Texas Society of Certified Public Accountants, with a circulation of approximately 28,000.

Thomas is a certified public accountant in Texas. Prior to becoming a professor, Thomas was a practicing accountant with the firms of KPMG, LLP, and BDO Seidman, LLP. He is a member of the American Accounting Association, the American Institute of Certified Public Accountants, and the Texas Society of Certified Public Accountants.