Table of Contents

Part One: Financial Accounting1.The Nature and Purpose of Accounting2.Basic Accounting Concepts: The Balance Sheet3.Basic Accounting Concepts: The Income Statement4.Accounting Records and Systems5.Revenue and Monetary Assets6.Cost of Sales and Inventories7.Long-Lived Nonmonetary Assets and Their Amortization8.Sources of Capital: Debt9.Sources of Capital: Owners’ Equity10.Other Items That Affect Net Income and Owners’ Equity11.The Statement of Cash Flows12.Acquisitions and Consolidated Statements13.Financial Statement Analysis14.Understanding Financial StatementsPart Two: Management Accounting15.The Nature of Management Accounting16.The Behavior of Costs17.Full Costs and Their Uses18.Additional Aspects of Product Costing Systems19.Standard Costs, Variable Costing Systems, Quality Costs, and Joint Costs20.Production Cost Variance Analyses21.Other Variance Analysis22.Control: The Management Control Environment23.Control: The Management Control Process24.Strategic Planning and Budgeting25.Reporting and Evaluation26.Short-Run Alternative Choice Decisions27.Longer-Run Decisions: Capital Budgeting28.Management Accounting System Design

About the Author

Robert N. Anthony is the Ross Graham Walker Professor Emeritus of Management Control at Harvard Business School.  Professor Anthony has been a director of  Carborundum Company and Warnaco, Inc., both Fortune 500 companies; for 25 years he has been a trustee of Colby College, including five years as chairman of the board.  He has consulted for many companies and government agencies, including General Motors Corp., AT&T, the General Accounting Office, and the Cost Accounting Standards Board.  Among Professor Anthonys awards are the Distinguished Accounting Educator of the Year Award from AAA, Accounting Educator of the Year Award from Beta Alpha Psi, the Meritorious Service Award from the Executive Office of the President, the Distinguished Public Service Medal of the Department of Defense, Comptroller Generals Award of the U.S. General Accounting Office and Distinguished Service Award of the Harvard Business School Association.



 David Hawkins is a Full Professor at Harvard University, where he has been a member of the faculty since 1962.  He would certainly be considered "old guard" at Harvard, where the accepted practice was to have a Harvard Ph.D., develop new courses, and eventually write innovative textbooks.  Although this is no longer the norm at Harvard Business School, David maintains a strong reputation across the country as an innovative instructor and a good textbook author.



Kenneth A. Merchant holds the Chair of Accounting at the University of Southern California.