How does an organization collect money owed by its customers? How can a corporation use sales data to manage inventory?
Can a supplier's customer cover their debts?
All of these questions can be answered using accounting information. Because daily decisions use economic information and have economic consequences, every professional will benefit from an understanding of accounting. In "Survey of Accounting," Raiborn and Watson provide the essentials of both financial and managerial accounting, offering a flexible text that can be used by students with a variety of backgrounds, and in courses with varying approaches.
FEATURES
IN THE REAL WORLD. These openning vignettes relate the information in the chapters to real-world accounting issues faced by actual organizations and business people.
VISUAL RECAP. Each chapter offers periodic summaries of information, presented visually, providing readers with clear, quick points for review.
PRACTICAL APPLICATION. A variety of questions, exercised, problems, and short cases for in-class discussion or homework are included in every chapter. Some of these address communication, team-work, or decision-making skills; ethical or quality issues; or technical skills by including the use of the Internet or certain software programs.
USER PERSPECTIVE. Emphasizing the practical uses of accounting, the "Accounting Information for Decision Making" section is included in most chapters.
ORGANIZATION. Fourteen chapters divided into five sections enhance the flexibility and clarity of presentation of the text.
This book provides the basics of both financial and managerial accounting. Financial accounting provides primarily monetary information about business activities that result in the financial statements that are published for use by people outside the business. Managerial accounting provides monetary and nonmonetary information about business activities that result in supporting details for the financial statements or that provide information for internal organizational users to plan, control, or make decisions about operations. It is not intended to be a comprehensive volume in either financial or managerial accounting, but an introduction for non-business majors. The book takes a user orientation, steering clear of detailed, technical discussions. Many interesting examples from the travel industry are integrated throughout to catch the reader's interest and to apply concepts to companies they may know.
