Financial Accounting, Eleventh Edition by W. Steve Albrecht, Earl K. Stice, James D. Stice PDF

By W. Steve Albrecht, Earl K. Stice, James D. Stice

The 11th version of economic ACCOUNTING publications scholars in the course of the what, why and the way of accounting in modern-day enterprise international. This textbook deals an outstanding presentation of innovations and methods combined with a wealth of genuine corporation examples and solved workouts to make sure scholar good fortune within the sensible software of primary monetary accounting rules. scholars will learn how to successfully use and get ready monetary accounting info for choice making with quite a few beneficial properties that motivate severe considering, spotlight moral issues, and look at international implications. Emphasizing the relevancy of accounting to the company global, this version is ideal for any scholar, despite destiny occupation plans or ambitions.

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Third, in the precomputer world of limited analytical capacity, it was essential for lenders and investors to receive condensed summaries of a company’s financial activities. Now, lenders and investors have the ability to receive and process gigabytes of information, so why should the report of Wal-Mart’s financial performance be restricted to three short financial statements? Why can’t Wal-Mart provide access to much more detailed information online? In fact, why can’t Wal-Mart allow investors to directly tap into its own internal accounting database?

In 1997, 2001, 2002 and 2003, and 2004 he was chosen as one of the 100 most influential accounting professionals in the United States by Accounting Today magazine. In 1998, he received the Cressey Award from the Association of Certified Fraud Examiners, the highest award given for a lifetime of achievement in fraud detection and deterrence. In 2002, in honor of his contribution in fighting fraud, the Association of Certified Fraud Examiners named one of its headquarter buildings in Austin, Texas after Dr.

LO4 • • • Describe the purpose of accounting, and explain its role in business and society. Accounting is a service activity designed to accumulate, measure, and communicate financial information about businesses and other organizations. Accounting provides information for making informed decisions about how to best use available resources.

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