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Porter and Norton's real-world approach in FINANCIAL ACCOUNTING: THE IMPACT ON DECISION MAKERS, Sixth Edition, 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. 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, Sixth Edition, goes beyond typical texts that drill students 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.
Table of Contents
Accounting as a Form of Communication
Financial Statements and the Annual Report
Processing Accounting Information
Income Measurement and Accrual Accounting
Inventories and Cost of Goods Sold
Cash and Internal Control
Investments and Receivables
Operating Assets: Property, Plant, and Equipment
Natural Resources, and Intangibles
Current Liabilities, Contingencies, and the Time Value of Money
The Statement of Cash Flows
Financial Statement Analysis
Appendix: Kellogg's 2006 Annual Report
Appendix: General Mills 2006 Annual Report
Table of Contents provided by Publisher. All Rights Reserved.