The Marshall text is written
to meet the needs of non-accountants who want a basic understanding of financial
statements, and who want to learn how to use accounting information in the financial
decision-making process. The reader is introduced to basic concepts supporting financial
statements and managerial accounting information. Students learn what financial statements
do and do not communicate. A complete annual report is included in the appendix and end of
chapter material based on it runs throughout the text marked with an Intel icon.
New to This Edition
A new attractive 4-color
design, including updated icons, makes the text inviting to students tackling this
material for the first time and makes graphs, figures, problems, and end-of-chapter
material easier to follow and understand.
Addition of Cash Flows
column to horizontal method treatment of financial statements
The Marshall text is now
available with HomeWork Manager software. HomeWork Manager uses an intelligent algorithm
to generate an infinite number of problems based on problem structures existing in the
text. This allows students to practice particular types of problems repeatedly until they
master key concepts.
End-of-chapter material
directs students out to the text website to use online materials as part of their study
routine through Self-Study Quizzes and Demonstration Problems.
We have added new series of
mini-cases at the end of each chapter that provides the basis for a conceptual discussion
of important topics from each chapter while presenting an opportunity to enhance students'
writing skills. Many of these cases bring an enhanced ethical component to the text.
For those desiring no
coverage of journal entries, Marshall now emphasizes the user approach through a new
organization which places the horizontal method before journal entries, making it easy to
use the horizontal method effectively. *
Special attention was given
to Managerial topics in this revision to expand upon and explain more in-depth key topics,
while maintaining the appropriate balance between Financial and Managerial material.
Features
Continued fundamental
emphasis on "What the Numbers Mean" accounting "through the eyes of the user"
that emphasizes a practical interpretation of the information in the financial statements
and related business practices. In addition, an understanding of the information managers
will find necessary to plan, control, and make decisions in carrying out their
responsibilities.
Continued fundamental
emphasis on "What the Numbers Mean" accounting "through the eyes of the user"
that emphasizes a practical interpretation of the information in the financial statements
and related business practices. In addition, an understanding of the information managers
will find necessary to plan, control, and make decisions in carrying out their
responsibilities.
Excel spreadsheet problems
from the text are revised and again included on the Marshall website. Students analyze
financial statements and the results on a spreadsheet, while the "What the Numbers Mean"
section challenges students to apply their knowledge to real world situations. These not
only increase student proficiency in Excel, students can also complete the ready-templates
and e-mail them to their instructors.
Expanded support package
includes an Instructor's Resource CD-ROM containing the Instructor's Manual, Solutions
Manual, and Computerized Testbank, as well as the testbank Word files.
Learning Objectives will
continue to be included with the end-of-chapter materials, which help students identify
and focus on understanding the main points of the chapter.
"Business in Practice"
and "Business on the Internet" capsules have been revised and continue to capsules
highlight various business procedures and their impact on financial statements.
Study Suggestions are
incorporated in each chapter as guides for students as they navigate new accounting
concepts.
Appendix with Intel
Corporation's complete 2001 annual report piques student interest and gives hands-on
experience through problem material that requires referencing this resource.
Writing Problems, identified
by an updated icon, require students to use and develop their written communication
skills.
Solid pedagogy includes
icons within the end of chapter material, learning objectives, key terms and concepts. Key
Terms and Concepts will continue to be defined at the end of each chapter, with page
references to where the term/concept is originally introduced.
A comprehensive Online
Learning Center (Website) features online supplements created by the authors including
Excel Problems, Study Quizzes, and in-depth Demonstration Problems, as well as Flashcards,
PowerPoint Slides, Study Outlines, and a link to the Intel Corporation (the 2001 annual
report is featured in the text appendix) and other real world examples used in the text.
Capstone epilogue, "The
Future of Accounting," continues to help bring "the big picture" of accounting into
focus. This section emphasizes the profession (AICPA vision project), business in general
(e-commerce and other activities), technology (the Internet, Data Warehouses, etc.), and a
users/managers role in information access (database queries and end-user computing).
Student Study Resource
combines excellent assets for students including Solutions to Odd-Numbered Problems, Study
Outlines, and PowerPoint Notes.
Table of Contents
- 1. Accounting Present and
Past
Part 1 Financial Accounting
- 2. Financial Statements and
Accounting Concepts/Principles
- 3. Fundamental
Interpretations Made From Financial Statement Data
- 4. The Bookkeeping Process
and Transaction Analysis
- 5. Accounting for and
Presentation of Current Assets
- 6. Accounting for and
Presentation of Property, Plant and Equipment, and other Noncurrent Assets
- 7. Accounting for and
Presentation of Liabilities
- 8. Accounting for and
Presentation of Owners' Equity
- 9. The Income Statement and
the Statement of Cash Flows
- 10. Explanatory Notes and
other Financial Information
- 11. Financial Statement
Analysis
Part 2 Managerial Accounting
- 12. Managerial Accounting
and Cost-Volume-Profit Relationships
- 13. Cost Accounting and
Reporting Systems
- 14. Cost Analysis for
Planning
- 15. Cost Analysis for
Control
- 16. Cost Analysis for
Decision Making
860 pages