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See Most Recent Edition

Financial and Managerial Accounting, 15th Edition

Carl Warren, Jefferson Jones, William B. Tayler

  • Copyright 2020
  • {{checkPublicationMessage('Published', '2019-01-01T00:00:00+0000')}}
Starting At £45.00 See pricing and ISBN options
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Financial and Managerial Accounting 15th Edition by Carl Warren/Jefferson Jones/William B. Tayler
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Overview

Provide a solid foundation in accounting fundamentals as you motivate students by demonstrating accounting's importance in business with Warren/Jones/Tayler’s FINANCIAL AND MANAGERIAL ACCOUNTING, 15E. This leading book's business examples and new chapter schemas provide meaningful context for readers. The authors clearly demonstrate how each chapter’s content fits into the "big picture." This edition connects fundamental accounting concepts to challenges and success in real businesses today. In addition, new Certified Management Accountant (CMA) exam questions prepare students for professional success, while Pathways Challenges help readers hone critical-thinking skills. This edition also works seamlessly with CNOWv2 online resources to provide a range of activities that address each stage of the learning process from motivation to mastery.

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Meet the Authors

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Carl 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 with his five grandchildren, which includes two sets of twins. Dr. Warren and his wife Sharon reside in Montana.

Jefferson Jones

Dr. Jefferson P. Jones is associate professor of accounting in the School of Accountancy at Auburn University, where he teaches financial accounting and applied financial research. He received his Bachelor’s in Accounting and his Master of Accountancy 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 (12 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 and the Lowder 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) and 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 traveling, playing golf and watching college football.

William B. Tayler

Dr. William B. Tayler is the Robert J. Smith Professor of Accountancy in the Marriott School of Business at Brigham Young University (BYU). Dr. Tayler earned a Ph.D. and a master’s degree at Cornell University and a master’s and an undergraduate degree at Brigham Young University, graduating with honors. He teaches 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. Dr. Tayler is a Certified Management Accountant and consultant specializing in cost accounting, performance measurement and incentive compensation. Dr. Tayler serves as an editor for Behavioral Research in Accounting and his work has been published in top journals, including Accounting Horizons, Accounting, Organizations and Society, The Accounting Review, American Journal of Health Behavior, Contemporary Accounting Research, Harvard Business Review, IMA Educational Case Journal, Issues in Accounting Education, Journal of the American Medical Association-Internal Medicine, Journal of Accounting Research, Journal of Behavioral Finance, Journal of Finance, Journal of General Internal Medicine, Journal of Management Accounting Research, Management Science, Review of Financial Studies and Strategic Finance. He has presented his work as an invited speaker at universities and conferences across the globe. Dr. Tayler loves spending time with his wife, Sarah, and their eight children and their families.

What's New

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  • New PATHWAYS CHALLENGES PROMPT INTEREST AND HIGHLIGHT CRITICAL THINKING. A Pathways Challenge in each chapter encourages student interest in accounting and emphasizes the critical thinking aspects of accounting. A suggested answer to the Pathways Challenge is provided 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.
  • IMPROVED DISCUSSION CLEARLY EXPLAINS THE NET AND GROSS METHODS IN CHAPTER 5. This presentation helps students better understand both the Net Method consistent with the revenue recognition standard, and the more complex Gross Method that many small businesses may still utilize. Differences between the two methods are illustrated. The authors also expose students to new accounts that they will see throughout the chapter, and the distinctions between a service and retail business.
  • TWO NEW CHAPTERS ADDRESS PRIORITY MANAGERIAL ACCOUNTING ISSUES. New coverage of support department and joint cost allocation appears in Chapter 19. A new Chapter 28, "The Balanced Scorecard and Corporate Responsibility," discusses the Balanced Scorecard in depth with a detailed example of the development of a Balanced Scorecard for 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.
  • NEW CERTIFIED MANAGEMENT ACCOUNTANT (CMA) EXAMINATION QUESTIONS PREPARE READERS FOR SUCCESS ON THE EXAM. These new 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.
  • UPDATED CHAPTER 4 CONTENT CLARIFIES THE CLOSING PROCESS. The Closing Entry Process now uses two closing entries, rather than four, for consistency with today’s computerized accounting systems. The first closing entry closes revenues and expenses (net income or loss) to retained earnings. The second closing entry does not change and closes the dividends account to retained earnings. The temporary account, Income Summary, is no longer used, which simplifies the process. In addition, the first closing entry is similar to the income statement, which students prepare before the closing process.

Features

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  • AUTHOR-WRITTEN END-OF-CHAPTER MATERIALS PROVIDE AN ACCURACY YOU AND YOUR STUDENTS CAN TRUST. 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.
  • SIMPLE-TO-COMPLEX STUDENT-FOCUSED LEARNING FEATURES ENSURE COMPREHENSION. The book’s authors integrate their own 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 CONTEMPORARY LEARNERS. Built for today's students, this edition presents content in an appealing presentation style that reflects how the current generation of students reads and assimilates information. Short paragraphs, concise bullets, stepwise progression, and meaningful Illustrations and graphs engage students and ensure retention.
  • REVENUE RECOGNITION STANDARD COVERAGE KEEPS STUDENTS UP TO DATE. The latest coverage of revenue recognition integrates content with the chapter's illustration of NetSolutions, a realistic retail business.
  • SHOW ME HOW VIDEOS IN CNOWv2 CLARIFY PROCESSES. Created for the most frequently assigned end-of-chapter items, hundreds of Show Me How problem demonstrations provide step-by-step models of similar problems. Embedded tips help students avoid common mistakes and pitfalls to reduce frustration. 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 INTEGRATED THROUGHOUT EACH CHAPTER FEATURE THE REAL-WORLD COMPANY THAT OPENS THE CHAPTER. The real company highlighted at the beginning of each chapter is linked to material throughout the chapter, further emphasizing the practical application of accounting principles that students are learning. These links exemplify how the specific topic affects or is applied by the opening company.
  • AUTHORS EMPHASIZE ETHICS WITH FOCUS ON PRACTICAL APPROACH. Actual ethical situations related to the chapter’s topics are integrated throughout each chapter. In "Ethics: Do It" features, the situation illustrates a positive ethical response, while "Ethics: Don’t Do It" features demonstrate a negative ethical response.
  • ACCOUNTING EQUATIONS IN THE MARGIN CORRELATE TO SPECIFIC SECTIONS OF CHAPTER CONTENT. For each journal entry within a chapter, the accounting equation’s impact, positive or negative, on assets, liabilities, and stockholders’ equity appears in the margin.

Table of Contents

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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 Cost Systems.
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: Revenue Recognition.
Appendix C: International Financial Reporting Standards.
Appendix D: Investments.
Appendix E: Nike Inc., Form 10-K for the Fiscal Year Ended May 31, 2017.
Glossary.
Index.

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CengageNOWv2 combines the way students use textbooks and online resources to learn, study and complete homework, allowing them to achieve ultimate success in this course in a digital world.

This Cengage solution can be seamlessly integrated into most Learning Management Systems (Blackboard, Brightspace by D2L, Canvas, Moodle, and more) but does require a different ISBN for access codes. Please work with your Cengage Learning Consultant to ensure the proper course set up and ordering information. For additional information, please visit the LMS Integration site.

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  • ISBN-10: 1337680273
  • ISBN-13: 9781337680271
  • RETAIL £45.00
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  • ISBN-10: 0357539354
  • ISBN-13: 9780357539354
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  • ISBN-10: 1337902667
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Supplements

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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.

FOR STUDENTS

International CNOWv2 Instant Access for Warren/Jones/Tayler's Financial & Managerial Accounting

ISBN: 9781337680271
With its engaging learning and assessment tools, CNOWv2 supports the entire student workflow, from motivation to mastery. For instructors, CNOWv2 provides control and customization with the opportunity to tailor the learning experience to improve outcomes. All online text media materials accessible through this access code are available in EMEA, Latin America, Asia, and India only.