Accounting:
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Upper Saddle River, NJ
Prentice Hall
2005
|
| Edition: | 6. ed., internat. ed. |
| Series: | zahlr. Ill., graph. Darst.
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | 1120 S., [Appendix] 1 CD-Rom (12 cm) |
| ISBN: | 013124700X |
Staff View
MARC
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| 245 | 1 | 0 | |a Accounting |c Charles T. Horngren ; Walter T. Harrison ; Linda Smith Bamber |
| 250 | |a 6. ed., internat. ed. | ||
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| 300 | |a 1120 S., [Appendix] |e 1 CD-Rom (12 cm) | ||
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Record in the Search Index
| _version_ | 1804132741615190016 |
|---|---|
| adam_text | CHAPTER 1 Accounting and the Business
Environment 2
CHAPTER 2 Recording Business Transactions
42
CHAPTER 3 The Adjusting Process 90
CHAPTER 4 Completing the Accounting Cycle
138
CHAPTER 5 Merchandising Operations 182
CHAPTER 6 Merchandise Inventory 246
CHAPTER 7 Accounting Information Systems
280
CHAPTER 8 Internal Control and Cash 322
CHAPTER 9 Receivables 360
CHAPTER 10 Plant Assets and Intangibles 398
CHAPTER 11 Current Liabilities and Payroll 434
CHAPTER 12 Partnerships 468
CHAPTER 13 Corporations: Paid in Capital
and the Balance Sheet 504
CHAPTER 14 Retained Earnings, Treasury Stock,
and the Income Statement 542
CHAPTER 15 Long Term Liabilities 578
CHAPTER 16 Investments and International
Operations 624
CHAPTER 17 The Statement of Cash Flows 656
CHAPTER 18 Financial Statement Analysis 704
CHAPTER 19 Introduction to Management
Accounting 750
CHAPTER 20 Job Costing 796
CHAPTER 21 Process Costing 844
CHAPTER 22 Cost Volume Profit Analysis 896
CHAPTER 22 The Master Budget and
Responsibility Accounting 938
CHAPTER 24 Flexible Budgets and Standard Costs
984
CHAPTER 25 Activity Based Costing and Other
Cost Management Tools 1032
CHAPTER 26 Special Business Decisions
and Capital Budgeting 1078
Appendix A: Amazon.com Annual Report A l
Appendix B: Charts of Accounts B l
Appendix C: Present Value and Future Value
Tables C l
Appendix D: Check Figures D l
Glossary G l
Indexes 1 1
CHAPTER i Accounting and the Business
W^B^^M Environment 2
^^^^rJJUJI^ Vignette: Amazon.com 3
Accounting: The Language
of Business 4
Decision Makers: The Users of Accounting Information
5
Financial Accounting and Management Accounting 5
Regulating Accounting 6
Governing Organizations 6
Ethics in Accounting and Business 6
Accounting.com: The New Economy: Pumping Up Revenue
via Round Trip Trades 7
Standards of Professional Conduct 7
Types of Business Organizations 8
Accounting Concepts and Principles 9
The Entity Concept 9
The Reliability (Objectivity) Principle 9
The Cost Principle 9
The Going Concern Concept 10
The Stable Monetary Unit Concept 10
The Accounting Equation 10
Assets and Liabilities 10
Owner s Equity 11
Accounting for Business Transactions 12
Evaluating Business Transactions 18
The Financial Statements 18
Financial Statement Headings 20
Relationships Among the Financial Statements 20
Decision Guidelines 22
Excel Application Exercise 22
¦ End of Chopter Summary Problem 23
Review and Assignment Material 25
chapter 2 Recording Business
The Account, the Ledger, and the
Journal 44
Assets 45
Liabilities 45
Owner s Equity 46
Double Entry Accounting 47
The T Account 47
Increases and Decreases in the Accounts 47
Recording Transactions in the Journal 50
Copying Information (Posting) from Journal to Ledger
51
The Flow of Accounting Data 51
Transaction Analysis, Journalizing, and Posting to the
Accounts 52
Accounts After Posting 53
The Normal Balance of an Account 54
The Trial Balance 54
¦ Mid Chapter Summary Problem 55
Details of Journals and Ledgers 57
Posting from the Journal to the Ledger 59
The Four Column Account: An Alternative to the
T Account 59
Chart of Accounts 59
Expanding the Accounting Equation: Revenues and
Expenses 60
Expanded Problem Including Revenues and Expenses
61
Transaction Analysis, Journalizing, and Posting 62
Ledger Accounts After Posting 64
Trial Balance 64
Correcting Trial Balance Errors 65
Accounting.com: The Seven Trillion Dollar Mistake 65
Quick Decision Making 66
Decision Guidelines 66
Excel Application Exercise 67
¦ End of Chapter Summary Problem 67
Review and Assignment Material 70
CHAPTER 3 The Adjusting Process 90
/^te IT S Vignette: It s Just Lunch 91
V?^ nUMCH! Financial Statements and Adjusting
Entries 92
Accrual versus Cash Basis Accounting 92
The Accounting Period 94
The Revenue Principle 94
The Matching Principle 95
Accounting.com: Grossing Up the Revenue: Priceline.com
95
The Time Period Concept 96
Adjusting the Accounts 96
Prepaids and Accruals 97
Prepaid Expenses 98
Depreciation 100
Accrued Expenses 102
Accrued Revenues 104
Unearned Revenues 104
Summary of the Adjusting Process 106
The Adjusted Trial Balance 108
The Financial Statements 109
Preparing the Statements 109
Relationships Among the Financial Statements 110
Ethical Issues in Accrual Accounting 110
viii Contents
Decision Guidelines I I I
Excel Application Exercise I I I
¦ End of Chapter Summary Problem 111
Review and Assignment Material 115
APPENDIX TO CHAPTER 3: Alternative Treatment of Prepaid
Expenses and Unearned Revenues 134
CHAPTER 4 Completing the Accounting
¦jHH Cycle 138
B3SR3 vWette: Chicago Cubs 139
The Accounting Cycle 140
The Work Sheet 141
m Mid Chapter Summary Problem 145
Completing the Accounting Cycle 146
Preparing the Financial Statements 146
Recording the Adjusting Entries 146
Closing the Accounts 148
Postclosing Trial Balance 151
Classifying Assets and Liabilities 152
Assets 152
Liabilities 152
A Detailed Balance Sheet 153
Balance Sheet Forms 153
Accounting Ratios 154
Current Ratio 154
Debt Ratio 155
Accounting.com: Dell Computer Corp.: Where Customer
Focus Equals Solid Financials 156
Managing Both the Current Ratio and the Debt Ratio 156
Decision Guidelines 157
Excel Application Exercise 158
¦ End of Chapter Summary Problem 158
Review and Assignment Material 161
APPENDIX TO CHAPTER 4: Reversing Entries: An Optional Step
178
chapter s Merchandising Operations 182
i|j ilx/m Vignette: Amazon.com 183
a£*KlifcM» What Are Merchandising
Operations? 185
The Operating Cycle of a Merchandising Business 185
Inventory Systems: Perpetual and Periodic 185
Integrated Inventory Systems 186
Accounting for Inventory in the Perpetual System 186
Purchase of Inventory 186
Sale of Inventory 190
Evaluating Profitability: Sales Revenue, Cost of Goods
Sold, and Gross Profit 193
Accounting.com: Amazon.com: For E Tailers Free Shipping
Isn t Free, But It s Not a Cost, Either 194
¦ Mid Chapter Summary Problem 195
Adjusting and Closing the Accounts of a Merchandiser
196
Adjusting Inventory Based on a Physical Count 196
Preparing and Using the Work Sheet 198
Journalizing the Adjusting and Closing Entries 199
Preparing a Merchandiser s Financial Statements 200
Income Statement Formats: Multi Step and Single Step
202
Two Key Ratios for Decision Making 202
The Gross Profit Percentage 203
The Rate of Inventory Turnover 203
Decision Guidelines 205
Excel Application Exercise 206
¦ End of Chapter Summary Problem 206
Review and Assignment Material 211
APPENDIX TO CHAPTER 5: Accounting for Merchandise in a
Periodic Inventory System 232
Comprehensive Problem for Chapters 1 5 244
CHAPTER 6 Merchandise Inventory 246
U Vignette: Columbia Sportswear Company
24:7
Inventory Costing Methods 249
Inventory Costing in a Perpetual System 250
First In, First Out (FIFO) Method 250
Last In, First Out (LIFO) Method 252
Average Cost Method 253
Comparing FIFO, LIFO, and Average Cost 254
¦ Mid Chapter Summary Problem 254
Inventory Costing in a Periodic System 256
First In, First Out (FIFO) Method 257
Last In, First Out (LIFO) Method 257
Average Cost Method 257
Accounting Principles and Inventories 258
Other Inventory Issues 259
Lower of Cost or Market Rule 259
Effects of Inventory Errors 259
Ethical Issues 260
Accounting.com: Online Category Managers: The New B2B
Force Behind Those Huge E Tailer Inventories 261
Estimating Inventory 262
Decision Guidelines 263
Excel Application Exercise 263
¦ End of Chapter Summary Problem 264
Review and Assignment Material 265
APPENDIX TO CHAPTER 6: Comparing the Perpetual and Periodic
Inventory Systems 277
chapter 7 Accounting Information
MB Systems 280
K SJtfli Vignette: PriceKubecka 281
Effective Accounting Information
Systems 282
Features of Effective Systems 282
Components of a Computerized System 283
How Computerized and Manual Systems Work 283
Designing a System: The Chart of Accounts 284
Processing Transactions: Manual and Menu Driven
Systems 285
Enterprise Resource Planning (ERP) Systems 286
Accounting.com: Accounting Pioneers on the Virtual
Frontier 286
Integrated Accounting Software: Spreadsheets 287
Special Journals 287
Special Journals in a Manual System 288
Using the Sales Journal 289
Using Documents as Journals 291
Using the Cash Receipts Journal 291
Using the Purchases Journal 293
Using the Cash Payments Journal 295
The Role of the General Journal 297
The Credit Memorandum—Recording Sales Returns
and Allowances 297
The Debit Memorandum—Recording Purchase Returns
and Allowances 298
Balancing the Ledgers 298
Blending Computers and Special Journals in an
Accounting Information System 299
Decision Guidelines 299
Excel Application Exercise 300
¦ End of Chapter Summary Problem 300
Review and Assignment Material 302
Comprehensive Problem for Chapters 1 7 319
CHAPTER 8 Internal Control and Cash 322
QJH^m Internal Control 324
An Effective Internal Control System 325
Accounting.com: WorldCom, Inc.: Internal Auditor s
Heroism Is Silver Lining in Cloud of Scandal 327
Internal Controls for E Commerce 328
The Limitations of Internal Control 329
The Bank Account as a Control Device 329
The Bank Reconciliation 330
Preparing the Bank Reconciliation 332
How Owners and Managers Use the Bank Reconciliation
334
¦ Mid Chapter Summary Problem 335
Internal Control over Cash Receipts 336
Internal Control over Cash Payments 338
Controls over Payment by Check 338
Controlling Petty Cash Payments 339
Reporting Cash on the Balance Sheet 340
Ethics and Accounting 340
Corporate and Professional Codes of Ethics 341
Ethical Issues in Accounting 341
Decision Guidelines 342
Excel Application Exercise 342
¦ End of Chapter Summary Problem 343
Review and Assignment Material 344
APPENDIX TO CHAPTER 8: TheVoucher System 358
chapter 9 Receivables 360
^QSH^S Vignette: New York Jets and Oracle Corp. 361
KjHIHK^I Receivables: An Introduction 362
Types of Receivables 362
Contents ix
Establishing Internal Control over Collection of
Receivables 363
Managing the Collection of Receivables: The Credit
Department 364
Decision Guidelines 364
Accounting for Uncollectibles (Bad Debts) 365
The Allowance Method 365
Estimating Uncollectibles 365
Writing Off Uncollectible Accounts 368
The Direct Write Off Method 368
Recovery of Accounts Previously Written Off 369
Credit Card, Bankcard, and Debit Card Sales 369
Credit Card Sales 369
Bankcard Sales 370
Debit Card Sales 370
Accounting.com: Merchant Beware: Credit Cards Boom
with Online Sales ... But So Does Fraud 371
¦ Mid Chapter Summary Problem 371
Notes Receivable: An Overview 372
Identifying Maturity Date 373
Computing Interest on a Note 373
Accounting for Notes Receivable 374
Recording Notes Receivable 374
Accruing Interest Revenue 375
Dishonored Notes Receivable 376
Reporting Receivables on the Balance Sheet 376
Computers and Accounts Receivable 376
Using Accounting Information for Decision
Making 377
Acid Test (or Quick) Ratio 377
Days Sales in Receivables 378
Decision Guidelines 379
Excel Application Exercise 380
¦ End of Chapter Summary Problem 380
Review and Assignment Material 381
APPENDIX TO CHAPTER 9: Discounting a Note Receivable 396
chapter to Plant Assets and Intangibles
jjpgfHB 398
wETTtxIm Vignette: American/Delta/United Airlines
399
Measuring the Cost of Plant Assets 400
Land and Land Improvements 400
Buildings 401
Machinery and Equipment 401
Furniture and Fixtures 402
A Lump Sum (Basket) Purchase of Assets 402
Capital Expenditures 403
Measuring Plant Asset Depreciation 403
Causes of Depreciation 404
Measuring Depreciation 404
Depreciation Methods 404
Comparing Depreciation Methods 408
¦ Mid Chapter Summary Problem 409
Other Issues in Accounting for Plant Assets 410
Depreciation and Income Taxes 410
Depreciation for Partial Years 411
Changing the Useful Life of a Depreciable Asset 411
X Contents
Using Fully Depreciated Assets 412
Disposing of a Plant Asset 412
Accounting for Natural Resources 415
Accounting for Intangible Assets 415
Specific Intangibles 416
Accounting.com: When Business Marriages Go Bust 418
Accounting for Research and Development Costs 418
Ethical Issues 418
Decision Guidelines 419
Excel Application Exercise 419
¦ End of Chapter Summary Problem 420
Review and Assignment Material 421
CHAPTER 11 Current Liabilities and Payroll
K 434
Ba^SilB Vzgnefte: General Motors 435
Current Liabilities of Known
Amount 436
Accounts Payable 436
Short Term Notes Payable 436
Sales Tax Payable 437
Accounting.com: A Taxing Dilemma: Sales Tax Liability
and the Internet 438
Current Portion of Long Term Debt 438
Accrued Expenses (Accrued Liabilities) 438
Unearned Revenues 439
Current Liabilities That Must Be Estimated 439
Estimated Warranty Payable 440
Contingent Liabilities 441
Decision Guidelines 441
¦ Mid Chapter Summary Problem 442
Accounting for Payroll 442
Gross Pay and Net Pay 443
Payroll Deductions 443
Employer Payroll Taxes 444
Payroll Entries 445
The Payroll System 446
Payroll Record 446
Payroll Checks 446
Earnings Record 447
Paying the Payroll 448
Internal Control over Payroll 449
Reporting Payroll Expense and Liabilities 450
Ethical Issues in Reporting Liabilities 450
Decision Guidelines 451
Excel Application Exercise 451
¦ End of Chapter Summary Problem 452
Review and Assignment Material 453
Comprehensive Problem for Chapters 8 11 466
chapter 12 Partnerships 468
¦iKaX re Vignette: Arthur Andersen LLP 469
HHM Characteristics of a Partnership 471
The Written Agreement 471
Limited Life 471
Mutual Agency 471
Unlimited Liability 471
Co Ownership of Property 472
No Partnership Income Taxes 472
Partners Owner s Equity Accounts 472
Types of Partnerships 473
General Partnerships 473
Limited Partnerships 473
S Corporations 473
The Partnership Start Up 474
Accounting.com: From Respected Partnership to Dead
Duck: The Fall of Arthur Andersen 474
Sharing Profits and Losses, and Partner
Drawings 475
Sharing Based on a Stated Fraction 476
Sharing Based on Capital Contributions and on Service 476
Partner Drawings of Cash and Other Assets 477
Admission of a Partner 477
Admission by Purchasing a Partner s Interest 478
Admission by Investing in the Partnership 478
Withdrawal of a Partner 482
Withdrawal at Book Value 483
Withdrawal at Less Than Book Value 483
Withdrawal at More Than Book Value 483
Death of a Partner 484
Liquidation of a Partnership 484
Sale of Noncash Assets at a Gain 485
Sale of Noncash Assets at a Loss 486
Partnership Financial Statements 486
Decision Guidelines 488
Excel Application Exercise 489
¦ End of Chapter Summary Problem 489
Review and Assignment Material 490
CHAPTER 13 Corporations: Paid in Capital
¦¦PI and the Balance Sheet 504
Corporations: An Overview 506
Characteristics of a Corporation 506
Organizing a Corporation 507
Capital Stock 508
Stockholders Equity: The Basics 509
Paid in Capital Comes from the Stockholders 509
Retained Earnings Come from Profitable Operations 509
Corporations May Pay Dividends to the Stockholders 510
Stockholders Rights 510
Classes of Stock 511
Issuing Stock 512
Issuing Common Stock 512
Accounting.com: UPS Delivers the Dough at Record
Breaking IPO 514
Issuing Preferred Stock 515
Ethical Considerations 515
Review of Accounting for Paid in Capital 516
Decision Guidelines 516
¦ Mid Chapter Summary Problem 517
Accounting for Cash Dividends 518
Dividend Dates 518
Dividends on Preferred and Common Stock 518
Dividends on Cumulative and Noncumulative Preferred
Stock 519
Different Values of Stock 520
Market Value 520
Book Value 520
Evaluating Operations 521
Rate of Return on Total Assets 521
Rate of Return on Common Stockholders Equity 522
Accounting for Income Taxes by Corporations 522
Decision Guidelines 523
Excel Application Exercise 524
¦ End of Chapter Summary Problem 525
Review and Assignment Material 526
CHAPTER 14 Retained Earnings, Treasury
HEHHH Stock, and the Income
Ejj^H Statement 542
Vignette: Coca Cola/Dell/Pier 1 543
Retained Earnings, Stock Dividends, and Stock Splits
544
Retained Earnings 544
Stock Dividends 544
Stock Splits 546
Stock Dividends and Stock Splits Compared 547
Treasury Stock 548
Purchase of Treasury Stock 548
Sale of Treasury Stock 549
Reporting Issues 550
Retirement of Stock 550
Restrictions on Retained Earnings 550
Accounting.com: Are Stock Buybacks a Value Booster or a
PR Gimmick? 551
Variations in Reporting Stockholders Equity 551
Decision Guidelines 552
¦ Mid Chapter Summary Problem 553
The Corporate Income Statement: Analyzing Earnings
554
Continuing Operations 554
Special Items 555
Cumulative Effect of a Change in Accounting Principle
556
Earnings per Share 557
Combined Statement of Income and Retained Earnings
558
Reporting Comprehensive Income 558
Prior Period Adjustments 559
Statement of Stockholders Equity 559
Decision Guidelines 560
Excel Application Exercise 561
¦ End of Chapter Summary Problem 56 (
Review and Assignment Material 563
CHAPTER 15 Long Term Liabilities 578
jL^^^^te Vignette: Amazon.com 579
iflBSHM Bonds: An Introduction 580
Types of Bonds 581
Bond Prices 581
Present Value 582
Bond Interest Rates 582
Contents xi
Issuing Bonds Payable to Borrow Money 583
Issuing Bonds Payable at Maturity (Par) Value 583
Issuing Bonds Payable at a Discount 584
Straight Line Amortization of Bond Discount 584
Issuing Bonds Payable at a Premium 585
Straight Line Amortization of Bond Premium 586
Reporting Bonds Payable 587
Adjusting Entries for Interest Expense 587
Decision Guidelines 588
¦ Mid Chapter Summary Problem S88
Effective Interest Method of Amortization 589
Effective Interest Method for a Bond Discount 590
Effective Interest Method for a Bond Premium 591
Additional Bond Topics 593
Issuing Bonds Payable Between Interest Dates 593
Retirement of Bonds Payable 594
Convertible Bonds Payable 595
Reporting Liabilities on the Balance Sheet 595
Advantages and Disadvantages: Bonds versus Stock 596
Lease Liabilities 597
Operating Leases 597
Capital Leases 597
Accounting for a Capital Lease 597
Accounting.com: Qwest: Swapping Bonds to Cut Debt
Leaves Bondholders Wary 598
Decision Guidelines 598
Excel Application Exercise 599
¦ End of Chapter Summary Problem 600
Review and Assignment Material 601
APPENDIX TO CHAPTER 15: Time Value of Money: Future Value
and Present Value 616
CHAPTER 16 Investments and International
amjl Operations 624
hPSSBBI Vignette: McDonald s 625
Stock Investments: An Overview 626
Some Basics 626
Accounting for Trading Investments 627
Accounting for Long Term Available for Sale
Investments 628
Accounting for Equity Method Investments 630
Accounting for Consolidated Subsidiaries 632
Accounting for Long Term Investments in Bonds
and Notes 634
Decision Guidelines 635
Excel Application Exercise 636
¦ Mid Chapter Summary Problem 636
Accounting for International Operations 637
Foreign Currencies and Foreign Currency Exchange
Rates 637
Foreign Currency Transactions 638
Accounting.com: Avon Products Inc.: Staying Up When the
Currency Goes Down 640
International Accounting Standards 641
Decision Guidelines 641
¦ End of Chapter Summary Problem 642
Review and Assignment Material 642
Comprehensive Problem for Chapters 13 to 76 655
xii Contents
chapter 17 The Statement of Cash Flows
¦fcfcj 656
HSJM Vignette: eBay 657
Basic Concepts: Statement of Cash
Flows 658
Operating, Investing, and Financing Activities 659
Accounting.com: Cash and Kisses Meet at Match.com 660
Two Formats for Operating Activities 661
Preparing the Statement of Cash Flows by the Indirect
Method 661
Cash Flows from Operating Activities 663
Cash Flows from Investing Activities 665
Cash Flows from Financing Activities 666
Noncash Investing and Financing Activities 668
¦ Mid Chapter Summary Problem 669
Excel Application Exercise 671
Preparing the Statement of Cash Flows by the Direct
Method 671
Cash Flows from Operating Activities 672
Cash Flows from Investing Activities 674
Cash Flows from Financing Activities 675
Noncash Investing and Financing Activities 675
Computing Operating Cash Flows by the Direct Method
676
Computing Investing and Financing Cash Flows 678
Decision Guidelines 678
¦ End of Chapter Summary Problem 679
Review and Assignment Material 680
APPENDIX TO CHAPTER I 7: TheWork Sheet Approach to
Preparing the Statement of Cash Flows 699
chapter 18 Financial Statement Analysis
/PIBH Vignette: Bristol Myers Squibb 705
Horizontal Analysis 707
Illustration: Bristol Myers Squibb 707
Trend Percentages 709
Vertical Analysis 709
Illustration: Bristol Myers Squibb 709
How Do We Compare One Company with Another?
711
Benchmarking 712
Benchmarking Against the Industry Average 712
Benchmarking Against a Key Competitor 712
¦ Mid Chapter Summary Problem 714
Using Ratios to Make Decisions 715
Measuring Ability to Pay Current Liabilities 715
Measuring Ability to Sell Inventory and Collect
Receivables 717
Measuring Ability to Pay Long Term Debt 719
Measuring Profitability 720
Analyzing Stock Investments 723
Accounting.com: Expedia.com: Making Investors Happy
and Rivals Scared 724
Other Evaluation Tools 725
Economic Value Added 725
Red Flags in Financial Statement Analysis 725
Analyzing Nonfinancial Data 726
Decision Guidelines 727
Excel Application Exercise 728
¦ End of Chapter Summary Problem 729
Review and Assignment Material 730
Comprehensive Problem for Chapters 17 and 18 747
CHAPTER 19 Introduction to Management
¦^^¦H Accounting 750
^^^^¦jj Vignette: Regal Marine 751
How Is Management Accounting
Different? 752
Managers Main Responsibilities 753
Management versus Financial Accounting 753
Service, Merchandising, and Manufacturing
Companies, and the Value Chain 755
Which Business Activities Make Up the Value Chain? 756
Controlling Costs Through the Value Chain 757
Determining the Costs to Serve a Customer or to Make
a Product 757
Cost Objects, Direct Costs, and Indirect Costs 757
Product Costs 758
Inventoriable Product Costs or Period Costs? 761
Inventoriable Product Costs and Period Costs in
Financial Statements 761
Service Companies 761
Merchandising Companies 761
Manufacturing Companies 762
Effects on the Balance Sheet 765
Decision Guidelines 766
¦ Mid Chapter Summary Problem 767
Today s Business Environment 768
Shift Toward a Service Economy 768
Competing in the Global Marketplace 768
Time Based Competition 769
Accounting.com: Refining Dining with Data Mining 770
Total Quality Management 772
Ethical Standards 773
Decision Guidelines 775
Excel Application Exercise 775
¦ End of Chapter Summary Problem 776
Review and Assignment Material 777
CHAPTER 20 Job Costing 796
iBl^^H Vignette: Dell Computer 797
SEI^CTB FuH Product Costs: A Brief Overview
798
How Much Does It Cost to Make a Product? Two
Approaches 799
Process Costing 799
Job Costing 800
Job Costing: Accounting for Materials and Labor 802
Accounting for Materials 803
Accounting.com: Beyond the Bar Code: Radio Frequency
Identification Systems 806
Accounting for Labor 806
Decision Guidelines 809
¦ Mid Chapter Summary Problem 809
Job Costing: Allocating Manufacturing Overhead 810
Allocating Manufacturing Overhead to Jobs 811
Six Steps in Allocating Manufacturing Overhead 812
Accounting for Completion and Sale of Finished
Goods and Adjusting Manufacturing Overhead
814
Accounting for Competition and Sale of Finished Goods
814
Adjusting Underallocated or Overallocated
Manufacturing Overhead at Period s End 815
Overview of Job Costing in a Manufacturing Company
817
How Information Technology Has Changed Job Costing
818
Assigning Noninventoriable Costs 819
Noninventoriable Costs in Manufacturing Companies
819
Noninventoriable Costs and Job Costing in
Nonmanufacturing Companies 819
Decision Guidelines 821
Excel Application Exercise 822
¦ End of Chapter Summary Problem 823
Review and Assignment Material 825
CHAPTER 21 Process Costing 844
HRSalH Process Costing: An Overview 846
Two Basic Costing Systems: Job Costing
and Process Costing 846
How Does the Flow of Costs Differ Between Job and
Process Costing? 847
Building Blocks of Process Costing 850
Conversion Costs 850
Equivalent Units 850
Illustrating Process Costing 851
Step 1: Summarize the Flow of Physical Units 852
Step 2: Compute Output in Terms of Equivalent Units
853
Step 3: Summarize Total Costs to Account For 854
Step 4: Compute the Cost per Equivalent Unit 855
Step 5: Assign Costs to Units Completed and to Units in
Ending Work in Process Inventory 856
Decision Guidelines 857
¦ Mid Chapter Summary Problem 859
Process Costing in a Second Department 860
The Weighted Average Process Costing Method 861
Steps 1 and 2: Summarize the Flow of Physical Units
and Compute Output in Terms of Equivalent Units
863
Steps 3 and 4: Summarize Total Costs to Account For
and Compute the Cost per Equivalent Unit 865
Step 5: Assign Total Cost to Units Completed and to
Units in Ending Work in Process Inventory 866
How Managers Use a Production Cost Report 867
Accounting.com: Overseas Production Cuts Labor Costs
869
Decision Guidelines 869
Excel Application Exercise 870
¦ End of Chapter Summary Problem 871
Contents xiii
Review and Assignment Material 873
APPENDIX TO CHAPTER 21: The FIFO Process Costing Method
889
chapter 22 Cost Volume Profit Analysis
l^^m^gj Vignette: Grand Canyon Railway 897
How Do Changes in Volume Affect
Costs? 898
Variable Costs 898
Fixed Costs 899
Mixed Costs 900
Relevant Range 901
Basic CVP Analysis: What Must We Sell to Break Even?
901
Assumptions 902
How Much Must We Sell to Break Even? Three
Approaches 902
Using CVP to Plan Profits 905
How Much Must We Sell to Earn a Profit? 905
Accounting.com: Webvan.com: How Fixed Costs Kept It
from Delivering the Goods 906
Graphing Cost Volume Profit Relations 906
¦ Mid Chapter Summary Problem 908
Using CVP for Sensitivity Analysis 910
Changing the Sale Price 910
Changing Variable Costs 910
Changing Fixed Costs 911
Margin of Safety 911
Information Technology and Sensitivity Analysis 912
Decision Guidelines 913
Excel Application Exercise 913
Variable Costing and Absorption Costing 914
Variable versus Absorption Costing: Sportade 915
Reconciling the Difference in Income 918
Absorption Costing and Manager s Incentives 919
Decision Guidelines 920
¦ End of Chapter Summary Problem 920
Review and Assignment Material 922
APPENDIX TO CHAPTER 22: Effect of Sales Mix on CVP Analysis
934
chapter 23 The Master Budget and
l^igggf Responsibility Accounting 938
JH^lBS Vignette: Amazon.com 939
Why Managers Use Budgets 940
Using Budgets to Plan and Control 941
Benefits of Budgeting 942
Preparing the Master Budget 943
Components of the Master Budget 943
Data for Whitewater Sporting Goods Master Budget
944
Preparing the Operating Budget 946
The Sales Budget 946
The Inventory, Purchases, and Cost of Goods Sold
Budget 946
xiv Contents
The Operating Expenses Budget 947
The Budgeted Income Statement 948
¦ Mid Chapter Summary Problem 948
Preparing the Financial Budget 949
Preparing the Cash Budget 950
The Budgeted Balance Sheet 952
The Budgeted Statement of Cash Flows 953
Getting Employees to Accept the Budget 953
Using Information Technology for Sensitivity Analysis
and Rolling Up Unit Budgets 954
Sensitivity Analysis 954
Rolling Up Individual Unit Budgets into the
Companywide Budget 955
Accounting.com: Enterprise Resource Planning Keeps
Fossil s Budget from Becoming a Fossil 956
Responsibility Accounting 957
Four Types of Responsibility Centers 957
Responsibility Accounting Performance Reports 958
Decision Guidelines 961
Excel Application Exercise 962
¦ End of Chapter Summary Problem 963
Review and Assignment Material 965
APPENDIX TO CHAPTER 23: Departmental Accounting 979
chapter 24 Flexible Budgets and Standard
ism* Costs 984
ifSpJJ Vignette: McDonald s 985
How Managers Use Flexible
Budgets 986
What is a Flexible Budget? 987
Graphing the Flexible Budget 988
Using the Flexible Budget to See Why Actual Results
Differ from the Static Budget 990
Decision Guidelines 992
Excel Application Exercise 993
¦ Mid Chapter Summary Problem 994
Standard Costing 994
Price Standards 995
Quantity Standards 996
Why Do Companies Use Standard Costs? 997
Accounting.com: Harley Davidson, Inc.: Revving Up with
Innovation and Cost Cutting 998
How Kool Time Uses Standard Costing: Analyzing the
Flexible Budget Variance 998
Direct Material Variances 998
Direct Labor Variances 1002
Price and Efficiency Variances: Three Common Pitfalls
1005
Using Variances 1005
Manufacturing Overhead Variances 1007
Allocating Overhead in a Standard Cost System 1007
Overhead Flexible Budget Variance 1008
Production Volume Variance 1009
Standard Cost Accounting Systems 1011
Journal Entries 1011
Standard Cost Income Statement for Management
1012 5
Decision Guidelines 1014
m End of Chapter Summary Problem 1015
Review and Assignment Material 1017
CHAPTER 25 Activity Based Costing
fpHMMI and Other Cost
^jfil^H Management Tools 1032
Vignette: Dell Computer 1033
Refining Cost Systems 1034
Why Managers Need More Accurate Cost Systems
1034
Sharpening the Focus: From Business Functions to
Departments to Activities 1035
Activity Based Costing 1036
Developing an Activity Based Costing System 1037
Traditional versus Activity Based Costing Systems:
Chemtech 1038
Activity Based Management: Using ABC for Decision
Making 1042
Pricing and Product Mix Decisions 1042
Cutting Costs 1043
Routine Planning and Control Decisions 1046
When Does ABC Pass the Cost Benefit Test? 1046
The Cost Benefit Test 1046
Signs That the Cost System May Be Broken 1047
Decision Guidelines 1048
Excel Application Exercise 1049
¦ Mid Chapter Summary Problem 1049
Traditional versus Just in Time Systems 1050
Traditional Systems 1051
Just in Time Systems 1051
Just in Time Costing 1053
Accounting.com: Point, Click, Buy, Sell: Businesses Cut Costs
by Buying and Selling Online 1054
Continuous Improvement and the Management of
Quality 1056
Types of Quality Costs 1056
Deciding Whether to Adopt a New Quality Program
1057
Decision Guidelines 1058
¦ End of Chapter Summary Problem 1059
Review and Assignment Material 1060
chapter 26 Special Business Decisions
WjBKM and Capital Budgeting 1078
¦HcH Vignette: Deer Valley Ski Resort 1079
Relevant Information 1080
How Managers Make Decisions 1080
What Information Is Relevant to a Special Business
Decision? 1080
How to Make Short Term Special Decisions 1081
When to Accept a Special Sales Order 1082
When to Drop Products, Departments, or Territories
1084
Product Mix—Which Product to Emphasize? 1085
When to Outsource 1087
Accounting.com: We Brand It,You Make It: The Outsourcing
Trend 1089
Sell As Is or Process Further? 1090
How Do Short Term and Long Term Special Decisions
Differ? 1091
Decision Guidelines 1092
¦ Mid Chapter Summary Problems 1092
Using Payback and Accounting Rate of Return to Make
Capital Budgeting Decisions 1094
Payback Period 1094
Accounting Rate of Return 1096
Using Discounted Cash Flow Models to Make Capital
Budgeting Decisions 1097
Net Present Value 1097
Internal Rate of Return 1101
Comparing Capital Budgeting Methods 1102
Decision Guidelines 1103
Excel Application Exercise I 104
¦ End of Chapter Summary Problem 1105
Review and Assignment Material 1106
Contents XV
Appendix A: Amazon.com Annual Report A l
Appendix B: Charts of Accounts B l
Appendix C: Present Value and Future Value Tables
C l
Appendix D: Check Figures D l
Glossary G l
Indexes 1 1
|
| any_adam_object | 1 |
| author | Horngren, Charles T. 1926-2011 Harrison, Walter T. Bamber, Linda S. 1954- |
| author_GND | (DE-588)129194565 (DE-588)129057991 (DE-588)129057983 |
| author_facet | Horngren, Charles T. 1926-2011 Harrison, Walter T. Bamber, Linda S. 1954- |
| author_role | aut aut aut |
| author_sort | Horngren, Charles T. 1926-2011 |
| author_variant | c t h ct cth w t h wt wth l s b ls lsb |
| building | Verbundindex |
| bvnumber | BV019322927 |
| classification_rvk | QP 800 |
| ctrlnum | (OCoLC)615559211 (DE-599)BVBBV019322927 |
| discipline | Wirtschaftswissenschaften |
| edition | 6. ed., internat. ed. |
| format | Book |
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| indexdate | 2024-07-09T19:57:39Z |
| institution | BVB |
| isbn | 013124700X |
| language | English |
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| physical | 1120 S., [Appendix] 1 CD-Rom (12 cm) |
| publishDate | 2005 |
| publishDateSearch | 2005 |
| publishDateSort | 2005 |
| publisher | Prentice Hall |
| record_format | marc |
| series2 | zahlr. Ill., graph. Darst. |
| spelling | Horngren, Charles T. 1926-2011 Verfasser (DE-588)129194565 aut Accounting Charles T. Horngren ; Walter T. Harrison ; Linda Smith Bamber 6. ed., internat. ed. Upper Saddle River, NJ Prentice Hall 2005 1120 S., [Appendix] 1 CD-Rom (12 cm) txt rdacontent n rdamedia nc rdacarrier zahlr. Ill., graph. Darst. Rechnungswesen (DE-588)4048732-5 gnd rswk-swf Buchführung (DE-588)4008619-7 gnd rswk-swf 1\p (DE-588)4123623-3 Lehrbuch gnd-content Rechnungswesen (DE-588)4048732-5 s DE-604 Buchführung (DE-588)4008619-7 s 2\p DE-604 Harrison, Walter T. Verfasser (DE-588)129057991 aut Bamber, Linda S. 1954- Verfasser (DE-588)129057983 aut HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=012790156&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Horngren, Charles T. 1926-2011 Harrison, Walter T. Bamber, Linda S. 1954- Accounting Rechnungswesen (DE-588)4048732-5 gnd Buchführung (DE-588)4008619-7 gnd |
| subject_GND | (DE-588)4048732-5 (DE-588)4008619-7 (DE-588)4123623-3 |
| title | Accounting |
| title_auth | Accounting |
| title_exact_search | Accounting |
| title_full | Accounting Charles T. Horngren ; Walter T. Harrison ; Linda Smith Bamber |
| title_fullStr | Accounting Charles T. Horngren ; Walter T. Harrison ; Linda Smith Bamber |
| title_full_unstemmed | Accounting Charles T. Horngren ; Walter T. Harrison ; Linda Smith Bamber |
| title_short | Accounting |
| title_sort | accounting |
| topic | Rechnungswesen (DE-588)4048732-5 gnd Buchführung (DE-588)4008619-7 gnd |
| topic_facet | Rechnungswesen Buchführung Lehrbuch |
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