Tracie L. Nobles-Miller, CPA, received her bachelor’s and master’s degrees in accounting from Texas A&M University. She is currently an Associate Professor at Austin Community College, Austin, TX. Previously she served as a Senior Lecturer at Texas State University, San Marcos, TX and has served as department chair of the Accounting, Business, Computer Information Systems, and Marketing/Management department at Aims Community College, Greeley, CO. In addition, Professor Nobles has taught as an adjunct at University of Texas- Austin. Professor Nobles has public accounting experience with Deloitte Tax LLP and Sample & Bailey, CPAs.

Professor Nobles is a recipient of the Texas Society of CPAs Rising Star Award, TSCPAs Outstanding Accounting Educator Award, NISOD Teaching Excellence Award and the Aims Community College Excellence in Teaching Award. She is a member of the Teachers of Accounting at Two Year Colleges, the American Accounting Association, the American Institute of Certified Public Accountants, and the Texas State Society of Certified Public Accountants. She is currently serving on the Board of Directors as secretary/webmaster of Teachers of Accounting at Two Year Colleges, as a member of the American Institute of Certified Public Accountants nominations committee, and as chair of the Texas Society of CPAs Relations with Education Institutions committee. In addition, Professor Nobles served on the Commission on Accounting Higher Education: Pathways to a Profession.

Tracie has spoken on such topics as using technology in the classroom, motivating nonbusiness majors to learn accounting, and incorporating active learning in the classroom at numerous conferences. In her spare time she enjoys spending time with her friends and family, and camping, fishing, and quilting.

Brenda L. Mattison has a bachelor’s degree in education and a master’s degree in accounting, both from Clemson University. She is currently an Accounting Instructor at Tri-County Technical College in Pendleton, South Carolina. Brenda previously served as Accounting Program Coordinator at TCTC and has prior experience teaching accounting at Robeson Community College, Lumberton, North Carolina; University of South Carolina––Upstate, Spartanburg, South Carolina; and Rasmussen Business College, Eagan, Minnesota. She also has accounting work experience in retail and manufacturing businesses. Brenda is a member of Teachers of Accounting at Two Year Colleges and the American Accounting Association. She is currently serving on the board of directors as Vice President of Registration of Teachers of Accounting at Two Year Colleges. Brenda previously served as Faculty Fellow at Tri-County Technical College. She has presented at several conferences on topics including active learning, course development, and student engagement

In her spare time, Brenda enjoys reading and spending time with her family, especially touring the United States in their motorhome. She is also an active volunteer in the community, serving her church, local Girl Scouts, and other organizations.

Ella Mae Matsumura is a professor in the Department of Accounting and Information Systems in the School of Business at the University of Wisconsin–Madison, and is affiliated with the university’s Center for Quick Response Manufacturing. She received an A.B. in mathematics from the University of California, Berkeley, and M.Sc. and Ph.D. degrees from the University of British Columbia. Matsumura has won two teaching excellence awards at the University of Wisconsin–Madison and was elected as a lifetime fellow of the university’s Teaching Academy, formed to promote effective teaching. She is a member of the university team awarded an IBM Total Quality Management Partnership grant to develop curriculum for total quality management education.

Professor Matsumura was a co-winner of the 2010 Notable Contributions to Management Accounting Literature Award. She has served in numerous leadership positions in the American Accounting Association (AAA). She was coeditor of Accounting Horizons and has chaired and served on numerous AAA committees. She has been secretary–treasurer and president of the AAA’s Management Accounting Section. Her past and current research articles focus on decision making, performance evaluation, compensation, supply chain relationships, and sustainability. She coauthored a monograph on customer profitability analysis in credit unions.

Brief Contents

CHAPTER 1 Accounting and the Business Environment

CHAPTER 2 Recording Business Transactions

CHAPTER 3 The Adjusting Process

CHAPTER 4 Completing the Accounting Cycle

CHAPTER 5 Merchandising Operations

CHAPTER 6 Merchandise Inventory

CHAPTER 7 Internal Control and Cash

CHAPTER 8 Receivables

CHAPTER 9 Plant Assets, Natural Resources, and Intangibles

CHAPTER 10 Investments

CHAPTER 11 Current Liabilities and Payroll

CHAPTER 12 Long-Term Liabilities

CHAPTER 13 Stockholders’ Equity

CHAPTER 14 The Statement of Cash Flows

CHAPTER 15 Financial Statement Analysis

CHAPTER 16 Introduction to Managerial Accounting

CHAPTER 17 Job Order Costing

CHAPTER 18 Process Costing

CHAPTER 19 Cost Management Systems: Activity-Based, Just-In-Time, and Quality

Management Systems

CHAPTER 20 Cost-Volume-Profit Analysis

CHAPTER 21 Variable Costing

CHAPTER 22 Master Budgets

CHAPTER 23 Flexible Budgets and Standard Cost Systems

CHAPTER 24 Responsibility Accounting and Performance Evaluation

CHAPTER 25 Short-Term Business Decisions

CHAPTER 26 Capital Investment Decisions

APPENDIX A—2011 Green Mountain Coffee Roasters, Inc. Annual Report

APPENDIX B—Present Value Tables

APPENDIX C—Accounting Information Systems

GLOSSARY

INDEX

PHOTO CREDITS

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