Financial and Managerial Accounting

This new edition unites the text's long-running standard of excellence with a thorough revision reflecting contemporary concepts and issues in accounting. The managerial accounting section has been expanded, making this book appropriate for the "50/50 split" accounting principles courses. The hallmarks of this text continue to be an exceptional balance between the preparer and user points of view, error-free text and supplements, and clear writing style. This is a reflection of the authors and their eminent dedication to the furtherance of accounting education. There are now separate chapters on adjusting and closing/reporting entries. A new managerial chapter, "Performance Measurement and Analysis" is a welcome addition to this text based on encouraging reviewer response. Business week cases present real-world scenarios that tie into the focus of each chapter, taken from one of the world's most recognized and respected business magazines.