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Designed for non-majors,
Accounting: What the Numbers Mean, guides students through the basics: what accounting information is, how it is developed, how it is used, and what it means. Financial statements are examined to learn what they do and do not communicate, enhancing the student's decision-making and problem-solving abilities from a user perspective. This approach benefits a variety of non-accounting majors, including students focusing on other areas of business or nonbusiness programs such as engineering, behavioral sciences, public administration, or prelaw.
List of contents
Chapter 1: Accounting-Present and Past 2
Part 1: Financial Accounting
Chapter 2: Financial Statements and Accounting Concepts/Principles
Chapter 3: Fundamental Interpretations Made from Financial Statement Data
Chapter 4: The Bookkeeping Process and Transaction Analysis
Chapter 5: Accounting for and Presentation of Current Assets
Chapter 6: Accounting for and Presentation of Property, Plant, and Equipment, and Other Noncurrent Assets
Chapter 7: Accounting for and Presentation of Liabilities
Chapter 8: Accounting for and Presentation of Stockholders' Equity
Chapter 9: The Income Statement and the Statement of Cash Flows
Chapter 10: Corporate Governance, Notes to the Financial Statements, and Other Disclosures
Chapter 11: Financial Statement Analysis
Part 2: Managerial Accounting
Chapter 12: Managerial Accounting and Cost-Volume-Profit Relationships
Chapter 13: Cost Accounting and Reporting
Chapter 14: Cost Planning
Chapter 15: Cost Control
Chapter 16: Costs for Decision Making
Epilogue: Accounting-The Future
Appendix: Campbell Soup Company 2020
About the author
David H. Marshall (1933-2018) was Professor of Accounting Emeritus at Millikin University. He taught at Millikin, a small, independent university located in Decatur, Illinois, for 25 years. He taught courses in accounting, finance, computer information systems, and business policy, and was recognized as an outstanding teacher. The draft manuscript of this book was written in 1986 and used in a one-semester course that was developed for the nonbusiness major.
Subsequently supplemented with cases, it was used in the business core accounting principles and managerial accounting courses. Concurrently, a one-credit-hour accounting laboratory taught potential accounting majors the mechanics of the accounting process.
Prior to his teaching career, Marshall worked in public accounting and industry and he earned an MBA from Northwestern University. Professor Marshall's interests outside academia included community service, woodturning, sailing, and travel. It is with great sadness that we announce his passing on April 17, 2018.
