Financial & Managerial Accounting

Dr. Carl S. Warren is professor emeritus of accounting at the University of Georgia, Athens. For more than 25 years, Dr. Warren has taught all levels of accounting courses with a primary focus on introductory of accounting and auditing. Dr. Warren has taught classes at the University of Iowa, Michigan State University and the University of Chicago. He received his Ph.D. from Michigan State University and his B.A.A. and M.A. from the University of Iowa. During his career, Dr. Warren published numerous articles in professional journals, including The Accounting Review, Journal of Accounting Research, Journal of Accountancy, The CPA Journal and Auditing: A Journal of Practice and Theory. Dr. Warren’s outside interests include handball, backpacking, skiing, hiking, fly-fishing and golf. He also spends as much time as possible with his five grandchildren, which includes two sets of twins. Dr. Warren and his wife Sharon reside in Montana. Dr. James M. Reeve is Professor Emeritus of Accounting and Information Management at the University of Tennessee. Dr. Reeve taught full-time as part of the accounting faculty for twenty-five years after graduating with his PhD from Oklahoma State University. He presently teaches part-time at UT. His teaching efforts focused on Senior Executive MBA programs. His research interests are varied and include work in managerial accounting, supply chain management, lean manufacturing, and information management. He has published more than forty articles in academic and professional journals, including Journal of Cost Management, Journal of Management Accounting Research, Accounting Review, Management Accounting Quarterly, Supply Chain Management Review, and Accounting Horizons. He has consulted or provided training around the world for a variety of organizations, including Boeing, Procter & Gamble, Norfolk Southern, Hershey Foods, Coca-Cola, and Sony. When not writing books, Dr. Reeve plays golf and is involved in faith-based activities. Dr. Jonathan Duchac is the Wayne Calloway Professor of Accounting and Acting Associate Dean of Accounting Programs at Wake Forest University. He earned his PhD in accounting from the University of Georgia and currently teaches introductory and advanced courses in financial accounting. Dr. Duchac has received a number of awards during his career, including the Wake Forest University Outstanding Graduate Professor Award, the T.B. Rose award for Instructional Innovation, and the University of Georgia Outstanding Teaching Assistant Award. In addition to his teaching responsibilities, Dr. Duchac has served as Accounting Advisor to Merrill Lynch Equity Research, where he worked with research analysts in reviewing and evaluating the financial reporting practices of public companies. He has testified before the U.S. House of Representatives, the Financial Accounting Standards Board, and the Securities and Exchange Commission and has worked with a number of major public companies on financial reporting and accounting policy issues. In addition to his professional interests, Dr. Duchac is an avid mountain biker and snow skier.

1. Introduction to Accounting and Business.
2. Analyzing Transactions.
3. The Adjusting Process.
4. Completing the Accounting Cycle.
5. Accounting for Merchandising Businesses.
6. Inventories.
7. Sarbanes-Oxley, Internal Control, and Cash.
8. Receivables.
9. Fixed Assets and Intangible Assets.
10. Current Liabilities and Payroll.
11. Corporations: Organization, Stock Transactions, and Dividends.
12. Long-Term Liabilities: Bonds and Notes.
13. Investments and Fair Value Accounting.
14. Statement of Cash Flows.
15. Financial Statement Analysis.
16. Managerial Accounting Concepts and Principles.
17. Job Order Costing.
18. Process Costing Systems.
19. Cost Behavior and Cost-Volume-Profit Analysis.
20. Variable Costing for Management Analysis.
21. Budgeting.
22. Performance Evaluation Using Variances from Standard Costs.
23. Performance Evaluation for Decentralized Operations.
24. Differential Analysis and Product Pricing.
25. Capital Investment Analysis.
26. Cost Allocation and Activity-Based Costing.
27. Lean Principles, Lean Accounting, and Activity Analysis.
Appendix A: Interest Tables.
Appendix B: Nike Inc., Form 10-K For the Fiscal Year Ended May 31, 2013.
Appendix C: International Financial Reporting Standards.
Appendix D: Reversing Entries.
Appendix E: Revenue Recognition Update.
Glossary.
Index.