Financial and Managerial Accounting: The Basis for Business Decisions continues to offer a solid foundation for students who are learning basic accounting concepts. Known for giving equal weight to financial and managerial topics, the authors emphasize the need for a strong foundation in both aspects of accounting. The authors made data driven revisions focusing on where students were struggling and updated content accordingly. Updates have also been made to the high-quality end of chapter problems and new revenue recognition standards.

Ch. 1 Accounting: Information for Decision Making
Ch. 2 Basic Financial Statements
Ch. 3 The Accounting Cycle: Capturing Economic Events
Ch. 4 The Accounting Cycle: Accruals and Deferrals
Ch. 5 The Accounting Cycle: Reporting Financial Results
COMPREHENSIVE PROBLEM 1: Susquehanna Equipment Rentals
Ch. 6 Merchandising Activities
Ch. 7 Financial Assets
Ch. 8 Inventories and the Cost of Goods Sold
COMPREHENSIVE PROBLEM 2: Music-Is-Us, Inc.
Ch. 9 Plant and Intangible Assets
Ch. 10 Liabilities
Ch. 11 Stockholders’ Equity: Paid-In Capital
COMPREHENSIVE PROBLEM 3: Mountain Sports, Inc.
Ch. 12 Revenue Recognition and Reporting Results of Operations
Ch. 13 Statement of Cash Flows
Ch. 14 Financial Statement Analysis
COMPREHENSIVE PROBLEM 4: Home Depot, Inc.
Ch. 15 Global Business and Accounting
Ch. 16 Management Accounting: A Business Partner
Ch. 17 Job Order Cost Systems and Overhead Allocations
Ch. 18 Process Costing
Ch. 19 Costing and the Value Chain
Ch. 20 Cost-Volume-Profit Analysis
Ch. 21 Incremental Analysis
COMPREHENSIVE PROBLEM 5: The Gilster Company
Ch. 22 Responsibility Accounting and Transfer Pricing
Ch. 23 Operational Budgeting
Ch. 24 Standard Cost Systems
Ch. 25 Rewarding Business Performance
COMPREHENSIVE PROBLEM 6: Utease Corporation
Ch. 26 Capital Budgeting
APPENDIX A: Home Depot 2018 Financial Statements
APPENDIX B: The Time Value of Money
APPENDIX C: Forms of Business Organization

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