Description

This title is a Pearson Global Edition. The Editorial team at Pearson has worked closely with educators around the world to include content which is especially relevant to students outside the United States.

 

For courses in Financial and Managerial Accounting.

This package includes Pearson MyLab Accounting.

 

Expanding on proven success with Horngren's financial and managerial accounting

 

Horngren’s Financial and Managerial Accounting, The Financial Chapters and The Managerial Chapters, presents the core content of principles of accounting courses in a fresh format designed to help today’s learners succeed. As teachers first, the author team knows the importance of delivering a student experience free of obstacles. Their pedagogy and content use leading methods in teaching students critical foundational topics and concentrates on improving student results—all tested in class by the authors themselves. With this in mind, the 6th Edition continues to focus on readability and student comprehension and takes this a step further in the managerial chapters by employing a new theme to help students see how managerial accounting is used as a tool to help all business people make decisions. By providing more meaningful learning tools, this title gives professors the resources needed to help students clear hurdles inside and outside of the classroom, like never before.

 

Reach every student by pairing this text with Pearson MyLab Accounting

MyLab™ is the teaching and learning platform that empowers you to reach every student. By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student.

Pearson MyLab Accounting should only be purchased when required by an instructor. Please be sure you have the correct ISBN and Course ID. Instructors, contact your Pearson representative for more information.

Features

About the book

Coverage of the latest accounting trends and issues

· NEW! Discussion on:

o Why accounting is important to non-accounting majors;

o How to calculate interest for notes receivable and payable;

o How sensitivity analysis can be used and the differences between predicted cost behavior versus actual management behavior;

o Credit card sales;

o Future value, including determining the future value of a lump sum and of an annuity; and

o Types of budgets, including participative, zero-based, and continuous ones.

· UPDATED! and REVISED! Coverage on/presentation of:

o Managerial accounting to include the manager’s role in the organization and managerial accounting functions;

o How companies classify costs used in managerial accounting;

o Manufacturing cost flows, including a better explanation of how cost of goods manufactured and sold are calculated;

o Business trends affecting managerial accounting;

o Cost accounting systems, including why companies choose either process or job-order costing;

o The allocation and adjustment of manufacturing overhead;

o Equivalent units of production;

o Preparing a production cost report for the first department that realistically reflects beginning inventory;

o How the weighted-average method is different than the FIFO method when preparing the production cost report;

o How service companies can use activity-based management;

o The high-low method when determining a company’s variable and fixed costs;

o The differences between absorption and variable costing and the impact on operating income;

o The benefits of budgets, including benchmarking; and

o Performance reports using static budgets, including the advantages and disadvantages.

· NEW! Problem has students complete a trend analysis and ratios to analyze a company for its investment potential.

· NEW! Section to illustrate how companies record the payment of payroll liabilities.

· NEW! Appendix (5A) discusses multiple performance obligations.

Integrate pedagogy with concepts and practical applications

· NEW! Using Excel. This end-of-chapter problem introduces students to Excel to solve common accounting problems as they would in the business environment.

· NEW! Tying It All Together feature ties together key concepts from the chapter using the company highlighted in the chapter opener. The in-chapter box feature presents scenarios and questions that the company could face and focuses on the decision-making process. The end-of-chapter business case helps students synthesize the concepts of the chapter and reinforce critical thinking.

· NEW! A Continuing Problem starts in Chapter 1 and runs through the financial chapters. The managerial chapters’ continuing problem has been revised for this edition and emphasizes the relevant topics for that chapter using a continuous company.

· Effects on the Accounting Equation illustrations help students see connections between transactions, as well as how transactions fit into the big picture. Located next to every journal entry, they reinforce the connections between recording a transaction and the effect those transactions have on the accounting equation.

· Instructor Tips & Tricks throughout the text mimic the experience of having an experienced teacher walk a student through concepts on the board. Many include mnemonic devices or examples to help students remember the rules of accounting.

&#

New to this Edition

About the book

Coverage of the latest accounting trends and issues

· Discussion on:

o Why accounting is important to non-accounting majors;

o How to calculate interest for notes receivable and payable;

o How sensitivity analysis can be used and the differences between predicted cost behavior versus actual management behavior;

o Credit card sales;

o Future value, including determining the future value of a lump sum and of an annuity; and

o Types of budgets, including participative, zero-based, and continuous ones.

· Coverage on/presentation of:

o Managerial accounting to include the manager’s role in the organization and managerial accounting functions;

o How companies classify costs used in managerial accounting;

o Manufacturing cost flows, including a better explanation of how cost of goods manufactured and sold are calculated;

o Business trends affecting managerial accounting;

o Cost accounting systems, including why companies choose either process or job-order costing;

o The allocation and adjustment of manufacturing overhead;

o Equivalent units of production;

o Preparing a production cost report for the first department that realistically reflects beginning inventory;

o How the weighted-average method is different than the FIFO method when preparing the production cost report;

o How service companies can use activity-based management;

o The high-low method when determining a company’s variable and fixed costs;

o The differences between absorption and variable costing and the impact on operating income;

o The benefits of budgets, including benchmarking; and

o Performance reports using static budgets, including the advantages and disadvantages.

· Problem has students complete a trend analysis and ratios to analyze a company for its investment potential.

· Section to illustrate how companies record the payment of payroll liabilities.

· Appendix (5A) discusses multiple performance obligations.

Integrate pedagogy with concepts and practical applications

· Using Excel. This end-of-chapter problem introduces students to Excel to solve common accounting problems as they would in the business environment.

· Tying It All Together feature ties together key concepts from the chapter using the company highlighted in the chapter opener. The in-chapter box feature presents scenarios and questions that the company could face and focuses on the decision-making process. The end-of-chapter business case helps students synthesize the concepts of the chapter and reinforce critical thinking.

· A Continuing Problem starts in Chapter 1 and runs through the financial chapters. The managerial chapters’ continuing problem has been revised for this edition and emphasizes the relevant topics for that chapter using a continuous company.

Also available with Pearson MyLab Accounting

Pearson MyLabTM Accounting is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.

· Accounting Cycle Tutorial. The Pearson MyLab Accounting interactive tutorial helps students master the Accounting Cycle for early and continued success in the Introduction to Accounting course. The tutorial, accessed by computer, smartpho

Table of Contents

16. Introduction to Managerial Accounting

17. Job Order Costing

18. Process Costing

19. Cost Management Systems: Activity-Based, Just-in-Time, and Quality Management Systems

20. Cost-Volume-Profit Analysis

21. Variable Costing

22. Master Budgets

23. Flexible Budgets and Standard Cost Systems

24. Responsibility Accounting and Performance Evaluation

25. Short-Term Business Decisions

26. Capital Investment Decisions

 

Appendix A: Present Value Tables and Future Value Tables

Appendix B: Accounting Information Systems

Appendix C: The Statement of Cash Flows

Appendix D: Financial Statement Analysis