Principles of accounting 11th edition

[...]... the end of the chapter Specific Chapter Changes The following chapter-specific changes have been made in this edition of Principles of Accounting: Chapter 1: Uses of Accounting Information and the Financial Statements • Discussion of performance measures revised using CVS and General Motors as examples of how these measures relate to profitability and liquidity • Discussion of the statement of cash... Statement of Cash Flows DECISION POINT Ǡ A USER’S FOCUS LOPATA CORPORATION 657 Overview of the Statement of Cash Flows 658 Purposes of the Statement of Cash Flows 658 Uses of the Statement of Cash Flows 658 Classification of Cash Flows 658 Required Disclosure of Noncash Investing and Financing Transactions 660 Format of the Statement of Cash Flows 660 Ethical Considerations and the Statement of Cash... Association of Accounting Educators Steering Committee She has served as the American Accounting Association’s Vice President for Sections and Regions and as a council member-at-large, chairperson of the Membership Committee, and was chairperson of the Two-Year Accounting Section Previously she served as chairperson of the Florida Institute of CPAs Accounting Careers and Education Committee and was chair of. .. Florida Institute of CPAs Relations with Accounting Educators Committee Susan was on the American Institute of CPAs’ Core Competencies Best Practices Task Force also Susan co-authors accounting textbooks for Cengage Learning: Principles of Accounting and Financial and Managerial Accounting, and Managerial Accounting with Bel Needles and Marian Powers Susan holds a BBA in Economics and Accounting from... Accounting from Southern Methodist University and a MS in Accounting from Texas Tech University Principles of Accounting ELEVENTH EDITION CHAPTER 1 Making a Statement INCOME STATEMENT Uses of Accounting Information and the Financial Statements T oday, more people than ever before recognize the importance of accounting information and the profound effect that unethical and misleading financial reports... Society She currently serves on the board of directors of the Illinois CPA Society and the board of the CPA Endowment Fund of Illinois She has served as vice president of Programs and secretary of the Educational Foundation xxxi xxxii About the Authors Susan V Crosson, Santa Fe College Susan V Crosson is the accounting program coordinator and a professor of accounting at Santa Fe College, Gainesville, FL... Partnership 767 755 Admission of a New Partner 767 Withdrawal of a Partner 770 Death of a Partner 772 Partnership Characteristics 756 Characteristics of Partnerships 756 Advantages and Disadvantages of Partnerships Limited Partnerships and Joint Ventures 757 757 Accounting for Partners’ Equity 759 Distribution of Partnership Income and Losses 761 772 Gain on Sale of Assets 773 Loss on Sale of Assets 775 Ǡ HOLDER... published in leading journals, among them The Accounting Review; The International Journal of Accounting; Issues in Accounting Education; The Journal of Accountancy; The Journal of Business, Finance and Accounting; and Financial Management She has also coauthored three interactive multimedia software products: Fingraph Financial Analyst™ (financial analysis software); Financial Analysis and Decision Making,... Financial Accounting, a goal-based simulation that uses the Financial Consequences Model to introduce financial accounting and financial statements to those unfamiliar with accounting Dr Powers is a member of the American Accounting Association, European Accounting Association, International Association of Accounting Education and Research, and Illinois CPA Society She currently serves on the board of directors... Florida Association of Community Colleges Professor of the Year Award for Instructional Excellence, and the University of Oklahoma’s Halliburton Education Award for Excellence Susan is active in many academic and professional organizations She served in the American Institute of CPA Pre- certification Education Executive Committee and is on the Florida Institute of CPAs Relations with Accounting Educators . Statement of Cash Flows 656 DECISION POINT Ǡ A USER’S FOCUS LOPATA CORPORATION 657 Overview of the Statement of Cash Flows 658 Purposes of the Statement of Cash Flows 658 Uses of the Statement of. 763 Dissolution of a Partnership 767 Admission of a New Partner 767 Withdrawal of a Partner 770 Death of a Partner 772 Liquidation of a Partnership 772 Gain on Sale of Assets 773 Loss on Sale of Assets. 181 Foundations of Financial Reporting 182 Objective of Financial Reporting 182 Qualitative Characteristics of Accounting Information 182 Accounting Conventions 184 Ethical Financial Reporting 184 Accounting