This text is for anyone who wants to have a quick, yet thorough understanding of the basics of accounting and finance; for anyone who wants to know what a budget is and how to prepare one; or to have a better understanding of financial statements and how to prepare and interpret them. This book can also be beneficial for decision makers who prepare budgets, to help them understand and interpret financial statements without extensive training.
Many students and several business leaders find learning finance and accounting difficult and discover they cannot always use what they have learned after completing a course. Why is this the case? It is often because textbooks are difficult to read. Most finance and accounting books are valuable and informative, however, many students do not find this to be the case. Students dread taking finance and accounting courses and express frustration when they do not always learn what they need or expect.
Objectives:
- To provide a resource with a focus on real-world problems that can be immediately applied.
- Offer a series of questions with answers as a powerful learning tool to help the student immediately understand and apply financial and accounting concepts.
- End-of-chapter mini cases with study questions allow the students to practice what they have learned by working through a hands-on, real-world scenario and serve as a resource with a focus on practical and real-world questions and answers where students and business managers can practice thinking and applying what they are learning in real time.
The goal of this text is to help students and business managers retain the information better and readily use what they have learned. The text was designed so an instructor can use the material for a stand-alone accounting or finance course or use it as a supplemental resource for both the graduate and undergraduate levels.
Introduction
PART I Understanding the Financial Statements
Chapter 1 Introduction to Financial Statements and The Balance Sheet
End of Chapter 1 Mini Case with Study Questions and Spreadsheet for Real-World Practice
Chapter 2 The Income Statement
End of Chapter 2 Mini Case with Study Questions and Spreadsheet for Real-World Practice
Chapter 3 The Cash Flow Statement
End of Chapter 3 Mini Case with Study Questions and Spreadsheet for Real-World Practice
Supplemental Project for Part I
Appendix A: The Accounting Cycle and Preparing Financial Statements Project
PART II Analyzing and Interpreting the Financial Statements
Chapter 4 Analyzing and Interpreting the Financial Statements through Ratio and Trend Analysis
End of Chapter 4 Mini Case with Study Questions and Spreadsheet for Real-World Practice
Chapter 5 Analyzing and Interpreting the Financial Statements through Common Size Trend Analysis
End of Chapter 5 Mini Case with Study Questions and Spreadsheet for Real-World Practice
Chapter 6 Analyzing and Interpreting the Financial Statements through Percent Change Trend Analysis
End of Chapter 6 Mini Case with Study Questions and Spreadsheet for Real-World Practice
Supplemental Project for Part II
Appendix B: Financial Statement Analysis and Annual Report Project
PART III Looking into the Future: Budgeting and Forecasting Financial Statements
Chapter 7 Budgeting and Forecasting Financial Statements
End of Chapter 7 Mini Case with Study Questions and Spreadsheet for Real-World Practice
Supplemental Project for Part III
Appendix C: Supplemental Project—Master Budgeting Modeling Project
Glossary
Index
Randy
Markley
Dr. Markley is an associate professor of accounting and finance at the Crowell School of Business. With a career in business spanning three decades, Dr. Markley has held several executive positions overseeing the financial, operational, and business development for both public and private corporations. Dr. Markley received a B.A. in Business and an MBA from the University of La Verne. He also earned an MPA from the University of Southern California and in 2019, Dr. Markley graduated with his doctorate from the University of Florida’s Warrington College of Business. Dr. Markley’s research interest is on effective college teaching and learning methods with a focus on accounting and finance courses.