Financial Accounting for Managers 2024 Release By Wayne Thomas [ebook] [PDF]
eBook[PDF]

Financial Accounting for Managers 2024 Release By Wayne Thomas [ebook] [PDF]

$30.00
✓ Secure checkout
✓ Instant digital download
✓ PDF document

Document details

Pages
797
File size
27.13 MB
Format
Digital PDF
Category
eBook[PDF]
About this ebook
Financial Accounting for Managers (2024 Release) by Wayne Thomas, Michael Drake, Jake Thornock, and J. David Spiceland uses a unique, modular framework focused on measurement, communication, and managerial decision-making. It is structured specifically for business managers to evaluate a company's profitability, risk, and operational efficiency without getting bogged down in bookkeeping mechanics. [1, 2]
The textbook covers the following core financial accounting topics and components:
1. Fundamental Accounting Concepts & The Framework
  • The Role of Financial Accounting in Management: How external accounting data informs internal strategic decisions, operational efficiency, and corporate risk assessment. [1, 2]
  • The Accounting Equation & Information Systems: Analysis of business transactions and their dual effects directly on the financial statements. [1, 2]
  • The Measurement and Communication Framework: A structured approach to capturing economic events and presenting them clearly to stakeholders. [1, 2]
  • The Accounting Cycle: Optional or de-emphasised tracking of debits, credits, journal entries, and T-accounts through flexible, standalone modules. [1, 2, 3]
2. Core Financial Statements
  • The Balance Sheet: Structuring and interpreting assets, liabilities, and stockholders' equity.
  • The Income Statement: Measuring revenues, expenses, and net income over time.
  • The Statement of Cash Flows: Tracking cash inflows and outflows across operating, investing, and financing activities. [1, 2, 3]
3. Key Accounting Elements & Balance Sheet Components
  • Revenue Recognition: Principles of measuring and recording sales and accounts receivable.
  • Inventory & Cost of Goods Sold (COGS): Inventory valuation methods (FIFO, LIFO, and Weighted Average) and their impact on profitability and taxes.
  • Long-Term Operational Assets: Acquisition, depreciation, and disposal of property, plant, equipment (PP&E), and intangible assets.
  • Liabilities & Financing: Evaluating short-term operating obligations, long-term debt (bonds payable), and the time value of money.
  • Stockholders’ Equity: Accounting for capital stock, dividends, and retained earnings. [1, 2, 3]
4. Financial Statement Analysis & Decision-Making
  • Profitability, Risk, and Efficiency Ratios: Utilizing financial statements to run horizontal, vertical, and ratio analyses (e.g., ROA, ROE, current ratio, inventory turnover).
  • Financial Disclosures: Reading corporate annual reports and evaluating footnote disclosures. [1, 2]
Appendices & Advanced Content
  • International Financial Reporting Standards (IFRS): Global accounting standard comparisons.
  • Time Value of Money (TVM): Present value and future value concepts applied to long-term liabilities and financial assets. [1]

File included

PDF
ebook-PDF-Financial-Accounting-for-Managers-2024-Release-By-Wayne-Thomas.pdf 27.13 MB

Topics

Core Financial Statements Financial Accounting for Managers Financial Disclosures: annual reports Financial Statement Analysis & Decision-Making Fundamental Accounting Concepts & The Framework International Financial Reporting Standards (IFRS) Inventory & Cost of Goods Sold (COGS) Inventory valuation (FIFO LIFO and Weighted Average) Key Accounting Elements & Balance Sheet Components Liabilities & Financing: short-term obligations long-term debt (bonds payable) Long-Term Operational Assets Acquisition depreciation Profitability Risk and Efficiency Ratios Revenue Recognition: measuring and recording Stockholders’ Equity: capital stock dividends and retained earnings The Accounting Cycle The Accounting Equation & Information Systems The Balance Sheet: Structuring and interpreting The Income Statement: Measuring revenues expenses The Measurement and Communication Framework The Role of Financial Accounting in Management The Statement of Cash Flows Time Value of Money Time Value of Money (TVM)
Related ebooks