Financial Accounting: The Impact on Decision Makers, 7th Edition

Porter and Norton’s real-world approach in FINANCIAL ACCOUNTING: THE IMPACT ON DECISION MAKERS, 7/Ed, gives you an up-close perspective on how accounting truly affects businesses today. You will explore an appropriate “focus company” with each chapter, applying accounting principles in the context of that company’s specific financial information and business strategy, giving you the real-world experience with financial data you need to succeed in business. Numerous Examples throughout the text are tied to end-of-chapter homework to allow easier completion of assignments and guided study for exams. Further, Porter and Norton’s student-friendly, step-by-step decision framework guides you through a 6-step process on how to effectively use financial information early in the course, laying a stronger foundation for the more complex concepts to follow. FINANCIAL ACCOUNTING: THE IMPACT ON DECISION MAKERS, 7/e, goes beyond typical texts that drill on the numbers and procedures to address additional important issues, such as ethical dilemmas in business decisions and alternate terms you may encounter in the business world. This edition includes a discussion of the current environment of financial reporting, specifically the International Financial Reporting Standards.

Table of Contents

Ch 1: Accounting as a Form of Communication
Ch 2: Financial Statements and the Annual Report
Ch 3: Processing Accounting Information
Ch 4: Income Measurement and Accrual Accounting
Ch 5: Inventories and Cost of Goods Sold
Ch 6: Cash and Internal Control
Ch 7: Receivables and Investments
Ch 8: Operating Assets: Property, Plant, and Equipment, and Intangibles
Ch 9: Current Liabilities, Contingencies, and the Time Value of Money
Ch 10: Long-Term Liabilities
Ch 11: Stockholders’ Equity
Ch 12: The Statement of Cash Flows
Ch 13: Financial Statement Analysis
Appendix A: International Financial Reporting Standards
Appendix B: Excerpts from Kellogg’s Form 10-K for the Fiscal Year Ended January 3, 2009 [2008]
Appendix C: Excerpts from General Mills’s Form 10-K for the Fiscal Year Ended May 31, 2009