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See Most Recent Edition

Financial & Managerial Accounting, 16th Edition

Carl Warren, Jefferson Jones, William B. Tayler

  • Copyright 2023
  • {{checkPublicationMessage('Published', '2022-05-12T00:00:00+0000')}}
Starting At £35.00 See pricing and ISBN options
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Financial & Managerial Accounting 16th Edition by Carl Warren/Jefferson Jones/William B. Tayler
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Overview

Provide a strong foundation in business and accounting with Warren/Jones/Tayler’s FINANCIAL AND MANAGERIAL ACCOUNTING, 16E. This leading approach highlights the importance of accounting in careers and business today. Updated chapter-opening schemas illustrate how the chapter’s content fits into the "big picture." Numerous, current business examples and "Business Insights" demonstrate accounting in action. A new "managerial accounting" schema illustrates how managerial accounting supports the management functions of strategic planning, measurement, evaluation and control. This edition presents all journal entries with accompanying T-accounts that show debit and credit postings to emphasize the impact of the journal entry on the accounting equation and financial statements. New data analytics examples and cases use data sets related to each chapter's content. New content demonstrates how to analyze and develop reports using Excel and Tableau. CNOWv2 online resources further reinforce learning.

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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 taught all levels of accounting courses, with a primary focus on introductory accounting and auditing. Dr. Warren has taught classes at the University of Iowa, Michigan State University and 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 tries to spend as much time as possible with his five grandchildren (two sets of twins). Dr. Warren and his wife reside in Montana.

Jefferson Jones

Jefferson Jones is an Associate Professor of Accounting in the School of Accountancy at Auburn University where he teaches financial accounting and applied financial research.

William B. Tayler

William B. Tayler is the Robert J. Smith Professor of Accountancy in the Marriott School of Business at Brigham Young University. Dr. Tayler is an internationally renowned, award winning accounting teacher and researcher.

What's New

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  • 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.

Features

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  • 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.

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 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).
Glossary.
Index.

Compare Buying Options

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CNOWv2 Options

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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.

Standalone Digital Access — Ultimate Value

Recommended and most popular

  • ISBN-10: 035790429X
  • ISBN-13: 9780357904299
  • RETAIL £35.00
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Textbook Only Options

Traditional eBook and Print Options

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  • ISBN-10: 0357714202
  • ISBN-13: 9780357714201
  • RETAIL £53.00

  • ISBN-10: 0357714040
  • ISBN-13: 9780357714041
  • RETAIL £110.00
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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: 9780357904299
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.