1 An introduction to accounting 2 2 The accounting information system 88 3 Accrual accounting concepts 148 4 Inventories 216 5 Reporting and analysing inventory 264 6 Accounting subsystems 322 7 Internal control, cash and receivables 382 8 Reporting and analysing non-current assets 452 9 Reporting and analysing liabilities 510 10 Reporting and analysing equity 564 11 Statement of cash flows 620 12 Financial statement analysis 694 13 Analysing and integrating GAAP 764 14 Introduction to management accounting 828 15 Cost accounting systems 874 16 Cost?volume?profit relationships 942 17 Budgeting 984 18 Incremental analysis and capital budgeting 1056 APPENDIXES A Domino?s Pizza annual report 2010 (abridged) 1103 B Time value of money 1141
Shirley Carlon MCom (Hons), CA, is a senior lecturer in the Australian School of Business at the University of New South Wales. Her teaching interests include both financial and managerial accounting and auditing. Shirley has considerable experience in the delivery of both external and internal programs, including web-based courses. Shirley has received a national teaching citation award for outstanding contributions to student learning for innovations in curriculum development and the creation of peer support mechanisms for off-campus students. She has taught extensively in China and has been a guest speaker on accounting issues at government functions. Shirley?s research interests are in financial reporting where she has published several articles on peer mentoring, risk reporting, intangible assets and accounting policy choice in Australian and international journals. She is a chartered accountant with experience in both large and mediumsized audit firms. Rosina McAlpine-Mladenovic BCom, MCom (Hons), MHEd, PhD, is an associate professor in the University of Sydney Business School, Australia. Rosina has received five international best paper awards for her research and has been awarded faculty, university and national teaching excellence awards. One of Rosina?s main research areas is accounting education, and current interests include investigating assessment methods, student?s perceptions and approaches to learning as ways to improve accounting education practice. Rosina currently serves on the editorial board of several international journals including Accounting Education: an international journal, Global Perspectives on Accounting Education, Journal of Accounting Education, Australian Journal of Accounting Education and Accounting and Finance Education Review. Chrisann Palm is a lecturer in accountancy at Queensland University of Technology. She is a CPA and has a Graduate Diploma in Management (AGSM) and a Master of Commerce (CSU). She lectures in introductory accounting, management accounting, superannuation and financial planning. Prior to joining the tertiary sector in 2004, Chrisann worked as a management accountant for a manufacturing company in Hong Kong as well as in the financial services industry in Sydney. Chrisann is passionate about teaching and learning. She was awarded the QUT Vice-Chancellor?s Performance Award 2009 in teaching excellence. Her research interests are in the areas of accounting education, financial literacy and superannuation where she has published several articles in Australian and international journals. Chrisann is currently undertaking a PhD in financial literacy and superannuation investment choice decisions. Paul Kimmel is an associate professor at the University of Wisconsin?Milwaukee. He has won numerous awards that recognise his teaching and research contributions, and has published articles in various accounting journals. His research interests include accounting for financial instruments and innovation in accounting education. He has published papers and given numerous talks on incorporating critical thinking into accounting education. Donald E. Kieso is currently the KPMG Peat Marwick Emeritus Professor of Accountancy at Northern Illinois University, where he has won many teaching awards. He has served on many boards including the Illinois CPA Society and the AACSB?s Accounting Accreditation Committee, and has been Secretary?Treasurer of the American Accounting Association. Jerry J. Weygandt is Arthur Andersen Alumni Professor of Accounting at the University of Wisconsin? Madison. His research lies in the areas of financial reporting issues such as accounting for price level adjustments, pensions, convertible securities, stock option contracts and interim reports. He has served on numerous committees and boards, most notably the American Accounting Association, American Institute of Certified Public Accountants and the Accounting Standards Executive Committee. He was presented with the Wisconsin Institute of CPAs? Outstanding Educators Award and the Lifetime Achievement Award.