Includes bibliographical references & index.

Part One: Financial Accounting -- 1.The Nature and Purpose of Accounting -- 2.Basic Accounting Concepts: The Balance Sheet -- 3.Basic Accounting Concepts: The Income Statement -- 4.Accounting Records and Systems -- 5.Revenue and Monetary Assets -- 6.Cost of Sales and Inventories -- 7.Long-Lived Nonmonetary Assets and Their Amortization -- 8.Sources of Capital: Debt -- 9.Sources of Capital: Owners' Equity -- 10.Other Items That Affect Net Income and Owners' Equity -- 11.The Statement of Cash Flows -- 12.Acquisitions and Consolidated Statements -- 13.Financial Statement Analysis -- 14.Understanding Financial Statements -- Part Two: Management Accounting -- 15.The Nature of Management Accounting -- 16.The Behavior of Costs -- 17.Full Costs and Their Uses -- 18.Additional Aspects of Product Costing Systems -- 19.Standard Costs, Variable Costing Systems, Quality Costs, and Joint Costs -- 20.Production Cost Variance Analyses -- 21.Other Variance Analysis -- 22.Control: The Management Control Environment -- 23.Control: The Management Control Process -- 24.Strategic Planning and Budgeting -- 25.Reporting and Evaluation -- 26.Short-Run Alternative Choice Decisions -- 27.Longer-Run Decisions: Capital Budgeting -- 28.Management Accounting System Design.

Covers both financial and managerial accounting as well as the broader managerial issues. This title also focuses on the issues of control and corporate strategy.