Financial Accounting for Managers: 2024 Release ISE

Wayne Thomas is the W. K. Newton Chair in Accounting at the University of Oklahoma, where he teaches introductory financial accounting and intermediate accounting. He received his bachelor’s degree in accounting from Southwestern Oklahoma State University, and his master’s and PhD in accounting from Oklahoma State University. Professor Thomas has won teaching awards at the university, college, and departmental levels, and has received the Outstanding Educator Award from the Oklahoma Society of CPAs. Wayne is also a co-author on McGraw-Hill’s best-selling Financial Accounting, with David Spiceland and Don Herrmann.  His primary research interests are in markets-based accounting research, financial disclosures, financial statement analysis, and international accounting issues. He previously served as an editor of The Accounting Review and has published articles in a variety of journals including The Accounting Review, Journal of Accounting and Economics, Journal of Accounting Research, Review of Accounting Studies, and Contemporary Accounting Research. He has won several research awards, including the American Accounting Association’s Competitive Manuscript Award. Professor Thomas enjoys various activities such as tennis, basketball, golf, and crossword puzzles, and most of all, he enjoys spending time with his wife and kids. Michael Drake is the K. Fred Skousen Professor of Accounting in the BYU Marriott School of Business at Brigham Young University. Before joining BYU, he was on faculty in the Fisher College of Business at The Ohio State University and a doctoral student in the Mays Business School at Texas A&M University, where he was a Deloitte Foundation Doctoral Fellow. Prior to his graduate work, he worked in public accounting at Arthur Andersen and Ernst & Young. Michael teaches financial accounting and financial statement analysis at the undergraduate, graduate, and executive levels and has won several teaching awards, including the MBA Core Professor of the Year award in several consecutive years and the BYU Marriott School Teaching Excellence Award. Michael’s primary research interest is in capital markets with a specific focus on the intermediaries and technologies that facilitate price formation. His research has been published in top academic journals, including the  Journal of Accounting and Economics ,  Journal of Accounting Research ,  The Accounting Review ,  Contemporary Accounting Research ,  Review of Accounting Studies , and  Management Science . He has won several awards at the academy, university, and college level for his research, including multiple best paper awards and the BYU Young Scholar award. Michael currently serves on the editorial boards of  The Accounting Review  and  Contemporary Accounting Research . Michael is married to McKenzie, and they have five children, Gavin, Abbie, Quentin, Maxwell, and Hannah. He enjoys playing, coaching, and watching all sports. Jake Thornock is a professor of accounting in the BYU Marriott School of Business at Brigham Young University and holds the John and Nancy Hardy Chaired Professorship. He joined BYU from the University of Washington, where he was a tenured associate professor of accounting and the PwC Faculty Fellow. Jake completed his doctoral studies at Kenan-Flagler Business School at the University of North Carolina, where he was awarded the William Delozier Fellowship for Outstanding Doctoral Student. He earned his undergraduate and master’s degrees in accounting at BYU. Jake has diverse research interests, including interest in taxation, tax havens, earnings information content, and information technologies. His research has been accepted for publication at the Journal of Accounting and Economics, Journal of Accounting Research, The Accounting Review, Contemporary Accounting Research, Review of Accounting Studies, Journal of Finance, Journal of Financial Economics, and Management Science. Jake’s research has been cited or featured in the Wall Street Journal, New York Times, Bloomberg Business Week, Fox News, and NPR, and has been presented at the IRS, the SEC, and a congressional subcommittee. Jake currently serves as an editor at Contemporary Accounting Research. Jake has taught accounting at undergraduate and graduate levels. He was won several awards for teaching, mentoring, research, and innovation in the classroom. He also co-founded Accounting Coding Camp with Mike Drake and Josh Lee, which provides coding education to graduate students in accounting and finance. Jake is married to Kerrie, and they have four children, Allie, Luke, Mia, and Josie. He enjoys audiobooks and college sports and is an ardent fly fisherman. David Spiceland is Accounting Professor Emeritus at the University of Memphis. He received his BS degree in finance from the University of Tennessee, his MBA from Southern Illinois University, and his PhD in accounting from the University of Arkansas. Professor Spiceland’s primary research interests are in earnings management and educational research. He has published articles in a variety of journals including The Accounting Review, Accounting and Business Research, Journal of Financial Research, Advances in Quantitative Analysis of Finance and Accounting, and most accounting education journals: Issues in Accounting Education, Journal of Accounting Education, Advances in Accounting Education, The Accounting Educators’ Journal, Accounting Education, The Journal of Asynchronous Learning Networks, and Journal of Business Education. David has received university and college awards and recognition for his teaching, research, and technological innovations in the classroom. David is a co-author on McGraw-Hill’s best-selling Intermediate Accounting text, with Mark Nelson and Wayne Thomas. David enjoys playing basketball, is a former all-state linebacker, and is an avid fisherman. Cooking is a passion for David, who served as sous chef for Paula Deen at a Mid-South Fair cooking demonstration. Mark Nelson is the Anne and Elmer Lindseth Dean and Professor of Accounting at Cornell University’s S. C. Johnson Graduate School of Management. He received his BBA degree from Iowa State University and his MA and PhD degrees from The Ohio State University. Professor Nelson has won ten teaching awards, including an inaugural Cook Prize from the American Accounting Association. Professor Nelson’s research focuses on decision making in financial accounting and auditing. His research has been published in the Accounting Review; the Journal of Accounting Research; Contemporary Accounting Research; Accounting, Organizations and Society; and several other journals. He has received the American Accounting Association’s Notable Contribution to Accounting Literature Award, as well as the AAA’s Wildman Medal for work judged to make a significant contribution to practice. Professor Nelson served three terms as an area editor of The Accounting Review and is a member of the editorial boards of several journals. He also served for four years on the FASB’s Financial Accounting Standards Advisory Council.

1 A Framework for Financial Accounting 
2 The Financial Statements 
3 The Accounting Cycle: During the Period 
4 The Accounting Cycle: End of the Period 
5 Revenue and Receivables 
6 Inventory and Cost of Goods Sold 
7 Long-Term Assets 
8 Cash and Investments 
9 Liabilities 
10 Stockholders’ Equity 
11 Statement of Cash Flows 
12 Financial Statement Analysis 
Appendix A: American Eagle Outfitters, Inc., 2022 Annual Report 
Appendix B: The Buckle, Inc., 2022 Annual Report 
Appendix C: Time Value of Money 
Appendix D: International Financial Reporting Standards