Principles of Accounting, 11th Edition

Needles/Powers/Crosson delivers interactive pedagogy by illustrating accounting principles and real-world examples to encourage critical thinking. This revision is based on an understanding of the nature, culture, and motivations of today’s students and on extensive feedback from instructors. These substantial changes meet the needs of students, who not only face a business world increasingly complicated by ethical issues, globalization, and technology, but who also have more demands on their time. To help them meet these challenges, this textbook shows students how business transactions, which are the result of business decisions, are recorded in a way to show their effects on the financial statements. Built on historically strong pedagogy, this edition demonstrates strengthened transaction analysis and its link to the accounting cycle.

• Proven Presentation: Students learn from a trusted approach built on proper accounting principles and technical detail to ensure mastery of core accounting concepts.
• Relevant Coverage: Chapter-opening Decision Points have been enhanced to expose students to the changing financial reporting environment and IFRS.
• Critical Thinking Tools: New Stop & Think features help students develop the judgment skills they need in the modern business world. Needles/Powers/Crosson demonstrates accounting in motion!

Table of Contents

Chapter 1 Uses Of Accounting Information And The Financial Statements
Chapter 2 Analyzing Business Transactions 48
Chapter 3 Measuring Business Income
Chapter 4 Completing The Accounting Cycle
Chapter 5 Financial Reporting And Analysis
Chapter 6 The Operating Cycle And Merchandising Operations
Chapter 7 Internal Control
Chapter 8 Inventories
Chapter 9 Cash And Receivables
Chapter 10 Current Liabilities And Fair Value Accounting
Chapter 11 Long-Term Assets
Chapter 12 Contributed Capital
Chapter 13 Long-Term Liabilities
Chapter 14 The Corporate Income Statement And The Statement Of Stockholders’ Equity
Chapter 15 The Statement Of Cash Flows
Chapter 16 Financial Performance Measurement
Chapter 17 Partnerships
Chapter 18 The Changing Business Environment: A Manager’S Perspective
Chapter 19 Cost Concepts And Cost Allocation
Chapter 20 Costing Systems: Job Order Costing
Chapter 21 Costing Systems: Process Costing
Chapter 22 Value-Based Systems: Abm And Lean
Chapter 23 Cost Behavior Analysis
Chapter 24 The Budgeting Process
Chapter 25 Performance Management And Evaluation
Chapter 26 Standard Costing And Variance Analysis
Chapter 27 Short-Run Decision Analysis
Chapter 28 Capital Investment Analysis
Appendix A Accounting For Investments
Appendix B Present Value Tables