Financial and Managerial Accounting
The book begins by explaining the importance of accounting in businesses and making students aware of accounting ethics. Then, through distinct and incisive chapters, students begin to master specific topics and skills, such as how to record business transactions, merchandising operations and inventory, assets, liability and equity, and internal control and cash.
The particulars of managerial accounting are addressed in chapters on cost-management systems, capital investment systems, and master and flexible budgets.
Written to be both accessible and readily applicable, as well as highly practical in nature, Financial and Managerial Accounting is an excellent foundational textbook. It is well-suited to courses in principles of financial accounting and managerial accounting.