Financial accounting in an economic context

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Title:

Financial accounting in an economic context

Author:

Pratt, Jamie.

ISBN:

9780471655282

Personal Author:

Pratt, Jamie.

Edition:

6th ed.

Publication Information:

Hoboken, NJ : John Wiley & Sons, c2006.

Physical Description:

xix, 779 p. : ill. (some col.) ; 27 cm.

General Note:

Includes indexes.

Contents:

1. Financial accounting and its economic context -- 2. The financial statements -- 3. The measurement fundamentals of financial accounting -- 4. The mechanics of financial accounting -- 5. Using financial statement information -- 6. The current asset classification, cash, and accounts receivable -- 7. Merchandise inventory -- 8. Investments in equity securities -- 9. Long-lived assets -- 10. Introduction to liabilities : economic consequences, current liabilities, and contingencies -- 11. Long-term liabilities : notes, bonds, and leases -- 12. Stockholders' equity -- 13. The complete income statement -- 14. The statement of cash flows.

Abstract:

"The formula for successful management is simple: attract capital at the lowest possible cost, and invest it in projects where the return exceeds the cost. But making the right decisions isn't easy. When students enter the workforce, they will need to understand economic factors, measurement issues, and the mechanics of financial accounting." "That's why Jamie Pratt's trend-setting text approaches financial accounting from an economic, decision-making perspective. This approach equips students with the financial accounting knowledge and tools they need to make smart decisions."--BOOK JACKET.

Subject Term:

Accounting.

Copies:

Available:*

Library	Material Type	Item Barcode	Shelf Number	Copy	Status
Searching... 1:IIEMSA	1:GEN-BOOK	33168020377970	657 P915F 2006	1	Searching... Unknown

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Summary

Fully updated and revised, the sixth edition of Financial Accounting explores important concepts from an economic perspective. By focusing on three elemental themes--economic factors, measurement issues, and decision-making perspective--you will gain a better understanding of the relevance of principles as applied in the real world. Virtually every concept covered refers to a real company, a real situation, or a real event.

The sixth edition: Presents a new corporate governance theme that is integrated throughout the book. Places an increased emphasis on analysis in the middle chapters. Provides new EOC materials that require readers to analyze the financial statements of real companies using a new database available on the Pratt BCS. Reflects the most current thinking in the field with the help of over 10,000 relevant references to actual events and real companies. Includes in-depth discussions of legal liability, ethical issues, and management's incentives and influence on financial reports.