Financial & Managerial Accounting,
16th Edition

Carl S. Warren, Jefferson P. Jones, William B. Tayler

ISBN-13: 9780357714041
Copyright 2023 | Published
1552 pages | List Price: USD $312.95

Establish a strong foundation in accounting fundamentals that will help you succeed in your career and business with Warren/Jones/Tayler’s FINANCIAL AND MANAGERIAL ACCOUNTING, 16E. The latest business illustrations and current examples provide a meaningful context that demonstrates how each chapter’s content fits into the "big picture." The authors clearly connect fundamental accounting concepts to real businesses today. Each chapter begins with a real company opener that is referenced throughout the chapter. New examples and cases in each chapter highlight how to use and apply data analytics. These cases use data sets related to the chapter content while showing you how to analyze and develop reports using Excel and Tableau. In addition, updated Certified Management Accountant (CMA) exam questions prepare you for professional success. Pathways Challenges also help you hone critical-thinking skills. CNOWv2 online resources are also available to reinforce understanding.


1. Introduction to Accounting and Business.
2. Analyzing Transactions.
3. The Adjusting Process.
4. The Accounting Cycle.
5. Accounting for Retail Businesses.
6. Inventories.
7. Internal Control and Cash.
8. Receivables.
9. Long-Term Assets: Fixed and Intangible.
10. Liabilities: Current, Installment Notes, and Contingencies.
11. Liabilities: Bonds Payable.
12. Corporations: Organization, Stock Transactions, and Dividends.
13. Statement of Cash Flows.
14. Financial Statement Analysis.
15. Introduction to Managerial Accounting.
16. Job Order Costing.
17. Process Costing.
18. Activity-Based Costing.
19. Support Department and Joint Cost Allocation.
20. Cost-Volume-Profit Analysis.
21. Variable Costing for Management Analysis.
22. Budgeting.
23. Evaluating Variances from Standard Costs.
24. Evaluating Decentralized Operations.
25. Differential Analysis and Product Pricing.
26. Capital Investment Analysis.
27. Lean Manufacturing and Activity Analysis.
28. The Balanced Scorecard and Corporate Social Responsibility.
Appendix A: Interest Tables.
Appendix B: Selected Topics.
Appendix C: Nike Inc., Form 10-K for the Fiscal Year Ended May 31, 2020 Selected Excerpts.
Appendix D: Reversing Entries (Online).
Appendix E: Special Journals and Subsidiary Ledgers (Online).

  • 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.

  • Jefferson P. Jones

    Dr. Jefferson P. Jones is an associate professor of accounting in the school of accountancy at Auburn University, where he teaches financial accounting and applied financial research courses. He received his B.A. and M.A. degrees from Auburn University and his Ph.D. from Florida State University. Dr. Jones has received numerous teaching awards, including the Auburn University Beta Alpha Psi Outstanding Teaching Award (eleven times), the Auburn University Outstanding Master of Accountancy Professor Teaching Award (five times), the Auburn University Outstanding Distance Master of Accountancy Teaching Award (three times) and the Auburn University College of Business McCartney Teaching Award. In addition, he has made numerous presentations around the country on research and pedagogical issues. Dr. Jones has public accounting experience as an auditor with Deloitte and Touche; holds a C.P.A. certificate in the state of Alabama (inactive). He is a member of the American Accounting Association, the American Institute of Certified Public Accountants (AICPA) and the Alabama Society of CPAs (ASCPA). His research interests focus on financial accounting, specifically investigating the quality of reported accounting information and accounting education. He has published articles in numerous journals, including Advances in Accounting, Review of Quantitative Finance and Accounting, Issues in Accounting Education, International Journal of Forecasting and The CPA Journal. When not at work, Dr. Jones enjoys playing golf and watching college football.

  • William B. Tayler

    Dr. William B. Tayler is the Robert J. Smith Professor in the Marriott School of Business at Brigham Young University. Dr. Tayler is an internationally renowned, award-winning accounting researcher and instructor. He has presented his research as an invited speaker at universities and conferences across the globe. Dr. Tayler earned his Ph.D. and M.S. at Cornell University. He teaches in BYU’s executive M.B.A. program and in BYU’s School of Accountancy, one of the top ranked accounting programs in the world. Dr. Tayler has also taught at Cornell University and Emory University and has received multiple teaching awards. He is a certified management accountant and consultant specializing in cost accounting, performance measurement, the assignment of decision rights and incentive compensation. His work has been published in top journals, including Accounting Horizons, Accounting, Organizations and Society, The Accounting Review, Contemporary Accounting Research, Diabetes Spectrum, Harvard Business Review, IMA Educational Case Journal, Journal of the American Medical Association-Internal Medicine, Journal of Accounting Research, Journal of Behavioral Finance, Journal of Finance, Journal of General Internal Medicine, Review of Financial Studies and Strategic Finance. Dr. Tayler serves as the chair of the BYU Healthcare Leadership Collaborative, as an editor at Behavioral Accounting Research and as director of the Institute of Management Accountants Research Foundation. He also serves on the editorial boards of The Accounting Review, Management Accounting Research and Accounting, Organizations and Society.

  • NEW T-ACCOUNTS WITH ALL JOURNAL ENTRIES. With this approach, students see the impact of the journal entry on the accounting equation and financial statements. This also reinforces the rules of debit and credit and is consistent with today’s accounting systems, where posting to accounts is often done when journal entries are recorded. The accounting equation and T-accounts are shown in smaller font size so that the journal entry retains the student’s focus.

  • NEW "USING DATA ANALYTICS" BOXES ARE IN EACH CHAPTER. These boxes describe how data analytics apply to the content within each chapter.

  • NEW "TAKE IT FURTHER" DATA ANALYTIC CASES CHALLENGE STUDENTS TO USE DATA TO CREATE REPORTS. These "Take It Further" cases, added to many of the chapters, prompt students to use datasets related to the chapter content to analyze and develop reports using Excel and Tableau.

  • NEW APPENDIX ADDRESSES ADDITIONAL TOPICS IMPORTANT FOR SOME STUDENTS. This edition's new Appendix B, "Selected Topics," covers a variety of topics relevant to some learners. Each topic is presented within a self-contained learning module that can be presented at any time during your course for maximum flexibility. You can cover one or more of the modules at any point, depending upon your students’ needs.

  • PATHWAYS CHALLENGES PROMPT INTEREST AND HIGHLIGHT CRITICAL THINKING. A Pathways Challenge in each chapter engages students while emphasizing the critical thinking aspects of accounting. Suggested answers to each Pathways Challenge appear at the end of the chapter. This feature corresponds with the Pathways Commission's recommendations included in Charting a National Strategy for the Next Generation of Accountants.

  • ANALYSIS FOR DECISION MAKING SECTIONS PUT PROCEDURES INTO CONTEXT. Each chapter ends with a section that uses real company illustrations to emphasize how businesses use accounting information to make decisions or evaluate the health of the company. Students gain an understanding of how chapter content fits within extended business settings, such as franchising and sustainability activities. Related Analysis for Decision Making assignments allow students to improve analytical skills using real world company data.

  • TWO CHAPTERS ADDRESS PRIORITY MANAGERIAL ACCOUNTING ISSUES. Chapter 19, "Support Department and Joint Cost Allocation," discusses methods of allocating support department costs and joint costs. Chapter 28, "The Balanced Scorecard and Corporate Responsibility," discusses the balanced scorecard in depth with detailed examples from Cordier Toys, Inc. The chapter concludes with a discussion of corporate social responsibility (CSR), including sustainability initiatives and how to incorporate CSR into a balanced scorecard.

  • CERTIFIED MANAGEMENT ACCOUNTANT (CMA) EXAMINATION QUESTIONS PREPARE READERS FOR SUCCESS ON THE EXAM. These current and updated questions appear in the end-of-chapter materials for each managerial chapter. The questions, adapted from past CMA exams, correspond with the chapter's content and equip students for testing success.

  • AUTHOR-WRITTEN END-OF-CHAPTER MATERIALS ENSURE ACCURACY. The authors apply their vast teaching and business experience to developing and revising this edition’s end-of-chapter materials. In addition, all end-of-chapter content is verified by dedicated subject matter experts to further ensure accuracy for you and your students.

  • SIMPLE-TO-COMPLEX STUDENT-FOCUSED PRESENTATION ENSURES COMPREHENSION. The book’s authors integrate their own extensive business experience and professional knowledge with input from leading accounting faculty. This edition presents a proven simple-to-complex pedagogy that facilitates student learning as readers progress through the text.

  • PRESENTATION STYLE APPEALS TO THE WAY YOUR STUDENTS LEARN BEST. Designed specifically for today's students, this edition offers content using features that engage and appeal to how today's learners read and assimilate information. Short paragraphs, concise bullets, stepwise progression and meaningful Illustrations and graphs capture student attention and ensure retention.

  • "SHOW ME HOW" VIDEOS IN CNOWV2 CLARIFY PROCESSES. Created for the most frequently assigned end-of-chapter items, hundreds of "Show Me How" problem demonstration videos present step-by-step models of similar problems. Embedded tips help students avoid common mistakes and pitfalls to reduce frustration. These "Show Me How" videos, identified by icons in the text margins, correspond to specific assignments in CNOWv2 and offer ideal opportunities for self-study and review.

  • LINKS AND REFERENCES WITHIN EACH CHAPTER FEATURE REAL COMPANIES. The company highlighted at the beginning of each chapter is linked to material throughout the chapter, further emphasizing the practical application of the financial and managerial accounting principles that students are learning. These links exemplify how the specific topic affects or is applied by the chapter-opening company. In addition, "Business Insights" that apply the chapter's concepts to real companies appear throughout each chapter.

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/Jones/Tayler's Financial & Managerial Accounting

Cengage Testing, powered by Cognero® for Warren/Jones/Tayler's Financial & Managerial Accounting, Instant Access

Instructor's Companion Website for Warren/Jones/Tayler's Financial & Managerial Accounting

Online Powerpoint® for Warren/Jones/Tayler's Financial & Managerial Accounting

Online Solutions Manual for Warren/Jones/Tayler's Financial & Managerial Accounting

Online Test Bank for Warren//Jones/Tayler's Financial & Managerial Accounting

Cengage eBook: Financial & Managerial Accounting 12 Months