Accounting Principles: A Business Perspective, Is a textbook written by Professor Roger H. Hermanson
About The Book
Accounting Principles: A Business Perspective uses annual reports of real companies to illustrate many of the accounting concepts in use in business today. Gaining an understanding of accounting terminology and concepts, however, is not enough to ensure your success. You also need to be able to find information on the Internet, analyze various business situations, work effectively as a member of a team, and communicate your ideas clearly. This text was developed to help you develop these skills.
About the Contributors
Professor Roger H. Hermanson, PhD, CPA
Regents Professor Emeritus of Accounting and Ernst & Young-J. W. Holloway Memorial Professor Emeritus at Georgia State University. He received his doctorate at Michigan State University in 1963 and is a CPA in Georgia. Professor Hermanson taught and later served as chairperson of the Division of Accounting at the University of Maryland. He has authored or coauthored approximately one-hundred articles for professional and scholarly journals and has coauthored numerous editions of several textbooks, including Accounting Principles, Financial Accounting, Survey of Financial and Managerial Accounting, Auditing Theory and Practice, Principles of Financial and Managerial Accounting, and Computerized Accounting with Peachtree Complete III. He also has served on the editorial boards of the Journal of Accounting Education, New Accountant, Accounting Horizons, and Management Accounting. Professor Hermanson has served as co-editor of the Trends in Accounting Education column for Management Accounting. He has held the office of vice president of the American Accounting Association and served on its Executive Committee. He was also a member of the Institute of Management Accountants, the American Institute of Certified Public Accountants, and the Financial Executives Institute.
Professor James D. Edwards, PhD, DHC, CPA
J. M. Tull Professor Emeritus of Accounting in the Terry College of Business at the University of Georgia. He is a graduate of Louisiana State University and has been inducted into the Louisiana State University Alumni Federation’s Hall of Distinction. He received his MBA from the University of Denver and his PhD from the University of Texas and is a CPA in Texas and Georgia. He has served as a professor and chairman of the Department of Accounting and Financial Administration at Michigan State University, a professor and dean of the Graduate School of Business Administration at the University of Minnesota, and a Visiting Scholar at Oxford University in Oxford, England.
Professor Edwards is a past president of the American Accounting Association and a past national vice president and executive committee member of the Institute of Management Accountants. He has served on the board of directors of the American Institute of Certified Public Accountants and as chairman of the Georgia State Board of Accountancy. He was an original trustee of the Financial Accounting Foundation, the parent organization of the FASB, and a member of the Public Review Board of Arthur Andersen & Co.
Professor Michael W. Maher, PhD, CPA
Professor of management at the University of California at Davis. He is a graduate of Gonzaga University (BBA) and the University of Washington (MBA, PhD). Before going to the University of California at Davis, he taught at the University of Michigan and the University of Chicago. He also worked on the audit staff at Arthur Andersen & Co. and was a self-employed financial consultant for small businesses while attending graduate school.
Table of Contents
- 1. Accounting and its use in business decisions
- 2. Recording business transactions
- 3. Adjustments for financial reporting
- 4. Completing the accounting cycle
- 5. Accounting theory
- 6. Merchandising transactions
- 7. Measuring and reporting inventories
- 8. Control of cash
- 9. Receivables and payables
- 10. Property, plant, and equipment
- 11. Plant asset disposals, natural resources, and intangible assets
- 12. Stockholders’ equity: Classes of capital stock
- 13. Corporations: Paid-in capital, retained earnings, dividends, and treasury stock
- 14. Stock investments
- 15. Long-term financing: Bonds
- 16. Analysis using the statement of cash flows
- 17. Analysis and interpretation of financial statements
- 18. Managerial accounting concepts/job costing
- 19. Process: Cost systems
- 20. Using accounting for quality and cost management
- 21. Cost-volume-profit analysis
- 22. Short-term decision making: Differential analysis
- 23. Budgeting for planning and control
- 24. Control through standard costs
- 25. Responsibility accounting: Segmental analysis
- 26. Capital budgeting: Long-range planning