Financial and Managerial Accounting 2025 EVERGREEN Release By John Wild, Ken Shaw, Barbara Chiappetta
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- 1,122
- File size
- 656.76 KB
- Format
- Digital PDF
- Course
- Business
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- eBook[PDF]
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About this ebook
The Financial and Managerial Accounting: 2025 Release by John Wild, Ken Shaw, and Barbara Chiappetta systematically covers core concepts split between foundational financial accounting and internal managerial decision-making. [1, 2, 3]
The textbook is divided into two primary sections spanning standard introductory concepts: [1]
Part 1: Financial Accounting Topics
- Accounting Framework & Transactions: Introduction to accounting in business, ethics, analyzing and recording business transactions using the accounting equation, and the general journal and ledger. [1, 2]
- The Accounting Cycle: Adjusting accounts, preparing financial statements (Income Statement, Balance Sheet, Statement of Owner's Equity), and completing the closing process. [1, 2]
- Merchandising & Inventory: Accounting for merchandising operations, inventory costing methods (FIFO, LIFO, Weighted Average), and cost of sales. [1, 2]
- Internal Controls & Assets: Cash management, fraud risks (the fraud triangle), internal control systems, and accounting for receivables. [1, 2]
- Long-Term Assets & Liabilities: Plant assets, natural resources, intangibles, depreciation methods, current liabilities, and long-term liabilities (including bonds and notes payable). [1]
- Equity & Cash Flows: Corporate reporting, equity transactions, cash distributions, and the Statement of Cash Flows (using the indirect and direct methods). [1, 2]
- Financial Analysis: Horizontal, vertical, and ratio analysis used to evaluate overall company liquidity, profitability, and solvency. [1, 2]
- Managerial Principles: Introduction to managerial concepts, distinguishing internal reporting from external reporting, and identifying cost classifications (direct, indirect, product, and period costs).
- Costing Systems: Job order costing systems, process costing systems, and allocation methods like Activity-Based Costing (ABC).
- Cost Behavior & Decision-Making: Cost-Volume-Profit (CVP) analysis, break-even analysis, contribution margin, and variable vs. absorption costing methods.
- Budgeting & Performance: Master budgets, operational planning, flexible budgets, standard costing systems, and variance analysis for direct materials, labor, and overhead.
- Capital Budgeting: Relevant costs for short-term decisions (make or buy, accept special orders) and long-term capital budgeting techniques (Net Present Value, Internal Rate of Return, Payback Period). [1, 2, 3]
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