Survey of Accounting,
8th Edition

1. The Role of Accounting in Business.
2. Basic Accounting Systems: Cash Basis
3. Basic Accounting Systems: Accrual Basis
4. Accounting for Merchandising Businesses.
5. Internal Control and Cash.
6. Receivables and Inventories.
7. Fixed Assets, Natural Resources, and Intangible Assets.
8. Liabilities and Stockholders’ Equity.
9. Metric Analysis of Financial Statements.
10. Accounting for Manufacturing Operations
11. Cost-Volume-Profit Analysis.
12. Differential Analysis and Product Pricing.
13. Budgeting and Standard Costs
14. Performance Evaluation for Decentralized Operations.
15. Capital Investment Analysis.
Appendix A: Double-Entry Accounting Systems.
Appendix B: Process Cost Systems.

• Carl S. Warren

  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 visting with his five grandchildren (two sets of twins) and riding his motorcycle. Dr. Warren resides in Montana.

• WARREN’S PROPRIETARY METRIC ANALYSIS* IS INTRODUCED AND USED THROUGHOUT THIS EDITION. Warren’s Metric Analysis uses common business metrics to assess a company’s financial condition and performance. Metrics are assessed at three levels: the transaction level, financial statement level, and the managerial decision-making level. * U.S. Patent pending.

• RETAINED EARNINGS STATEMENT IS REPLACED WITH STATEMENT OF STOCKHOLDERS’ EQUITY THROUGHOUT THE BOOK. Companies normally do not report a separate Retained Earnings Statement, but instead use a Statement of Stockholders’ Equity. This includes columns for changes in retained earnings, common stock, and other equity items. Because of this, the Retained Earnings Statement is now replaced with the Statement of Stockholders’ Equity reflect what students will see in business. This also allows you to use real-world examples of statements of stockholders’ equity for in-class illustrations or homework.

• EACH FINANCIAL ACCOUNTING CHAPTER INCLUDES AT LEAST ONE FINANCIAL STATEMENT METRIC. Financial Statement metrics appear at the end of each chapter. In addition, each financial chapter transaction is analyzed using a liquidity and profitability metric. Assessing and monitoring liquidity and profitability are essential in operating a business. To familiarize students with this important tool, the financial chapters incorporate a variety of liquidity and profitability metrics, depending upon the chapter content.

• EACH MANAGERIAL CHAPTER INCORPORATES AT LEAST ONE METRIC USED BY MANAGERS IN OPERATING A BUSINESS. Many of these metrics are operational in nature and include margin of safety, cost per unit, process yield, and utilization rate. The book also introduces and details other metrics, such as lead time and time to market.

• METRIC ANALYSES ARE CLEARLY IDENTIFIED WITH A SEPARATE SCREEN COLOR. This allows both you and your students to quickly locate and easily identify the metric analyses throughout the chapters and text. The metric analyses also appear in a separate end-of-chapter section for your convenience in assigning homework.

• NEW “WHY IT MATTERS” CONCEPTCLIPS IN CNOWv2 EXPOSE STUDENTS TO WHY ACCOUNTING MATTERS. Brief captivating video clips that expose students to why the concept is important and how the concept is used in the real world. This is especially helpful information for students who are not accounting majors. ConceptClips are assignable and gradable in CNOWv2.

• UPDATED OR REPLACED CHAPTER OPENERS FEATURE RECENT, INTRIGUING DEVELOPMENTS IN ACCOUNTING. The author has woven connections to the opening company highlighted in the chapter opener throughout each chapter. This promotes a stronger connection as students gain additional insights into the opening company and its relationship to the chapter content.

• WHEN REAL PUBLICLY TRADED COMPANIES APPEAR THROUGHOUT THE BOOK, THEIR (TICKERS) SYMBOLS ARE ALSO PRESENTED. This allows students to easily look up the company’s financial data on the Internet. For example, students can access a company’s Securities and Exchange Commission (SEC) filings using the SEC’s Edgar search engine (http://www.sec.gov/edgar/searchedgar/companysearch.html).

• CNOWv2 OFFERS A POWERFUL COURSE MANAGEMENT AND ONLINE HOMEWORK TOOL. CNOWv2 features compelling content at each stage of the learning process to improve student learning outcomes. CNOWv2 offers pre-class activities, practice opportunities that prepare students for exams, and innovative tools that help students connect important concepts.

• INTEGRATED FINANCIAL STATEMENT FRAMEWORK ILLUSTRATES TRANSACTIONS ON FINANCIAL STATEMENTS WITHOUT DETAILED RULES AND PROCEDURES INVOLVING DEBITS AND CREDITS. This book’s unique Integrated Financial Statement Framework shows how transactions impact the three primary financial statements. This approach also emphasizes the integrated nature of accounting.

• THE APPROACH OFFERS YOU FLEXIBILITY TO EMPHASIZE DEBITS AND CREDITS. Appendix A on Double Entry Accounting provides the necessary materials to cover debits and credits, if you prefer. You have the flexibility to take the approach best for your students as this edition’s Instructor’s Manual includes versions of exercises and problems using debits and credits.

• KEY TERMS ARE HIGHLIGHTED TO PREPARE STUDENTS FOR HANDS-ON USE. Key terms appear in each chapter as well as in new sections on Analysis and Assessment and Financial Analysis.

• STUDENT-FRIENDLY APPROACH ENCOURAGES SUCCESSFUL MASTERY OF CONCEPTS. Designed for today’s students, this edition uses an innovative, high-impact writing style that emphasizes topics in a concise and clearly written manner. Direct sentences, brief paragraphs, numbered lists, and step-by-step calculations provide an easy-to-follow structure for learning accounting. This student-friendly approach does not sacrifice content or rigor.

• ILLUSTRATIVE PROBLEMS OFFER CLEAR SOLUTIONS. Illustrative Problems at the end of each chapter help students better understand the chapter concepts through these representative sample problems with solutions.

• IFRS NOTES EMPHASIZE GOVERNMENT REGULATIONS AND PROFESSIONAL STANDARDS. IFRS notes highlight important differences between U.S. GAAP and International Financial Reporting Standards.

• EMPHASIS ON ETHICS FOCUSES ON ITS IMPORTANCE IN ACCOUNTING TODAY. The "Integrity, Objectivity, and Ethics in Business" features describe real-world ethical situations and show students how to ethically apply those concepts.

• SIMPLE-TO-COMPLEX STUDENT-FRIENDLY FORMAT ENCOURAGES SUCCESS IN LEARNING. Throughout this edition, the author presents accounting concepts in a simple-to-complex format that instills confidence as students progress. Basic accounting concepts are introduced in Chapter 2 using cash transactions. Accrual accounting concepts and transactions are introduced in Chapter 3.

• NON-PROCEDURAL APPROACH HIGHLIGHTS THE IMPORTANCE AND USE OF FINANCIAL REPORTS. This book emphasizes how financial reports are used by business stakeholders to make strong business decisions, rather than focusing on debit and credit terminology.

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

Cengage Testing, powered by Cognero® for Warren's Survey of Accounting
9781305961920

Cengage Testing, powered by Cognero® for Warren's Survey of Accounting, Instant Access
9781305961937

Companion Website for Warren's Survey of Accounting, 8E
9781305961913

VitalSource eBook: Survey of Accounting 12 Months
9788000009933