Accounting (Accounting Carl S. Warren), 21st Edition by Carl S. Warren, James M. Reeve, Philip E. Fess

By Carl S. Warren, James M. Reeve, Philip E. Fess

The main winning larger schooling textual content of all time retains recovering. The authors adapt their confirmed method of accounting's evolving function in company and use the practise of monetary statements because the framework for figuring out what accounting is all approximately. Accounting presents a pretty good origin of accounting innovations with precise beneficial properties to teach how clients can use accounting to appreciate enterprise.

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They, too, have an interest in how well the business performs. In order for the creditors to recover their investment, the business must generate enough cash to pay them back. In addition, creditors view the business as their customer and thus have a stake in the continued success of the business. Various governments have an interest in the economic performance of businesses. City, county, state, and federal governments collect taxes from businesses within their jurisdictions. The better a business does, the more taxes the government can collect.

CH. CH. CH. 1 2 3 4 5 6 7 8 9 10 11 12 CH. 13 CH. 14 CH. CH. CH. CH. 15 16 17 18 CH. CH. CH. CH. CH. CH. CH. qxd 11/13/03 2:43 PM Page xxxiii contents 1. Introduction to Accounting and Business 1 3. Nature of a Business 2 Types of Businesses 2 Types of Business Organizations 3 Business Strategies 4 Value Chain of a Business 6 Business Stakeholders 6 The Matching Concept 102 Nature of the Adjusting Process 103 Recording Adjusting Entries 104 Deferred Expenses (Prepaid Expenses) 105 Deferred Revenue (Unearned Revenue) 107 Accrued Expenses (Accrued Liabilities) 108 Accrued Revenues (Accrued Assets) 111 Fixed Assets 112 The Role of Accounting in Business 8 Business Ethics 8 Profession of Accounting 10 Private Accounting 11 Public Accounting 11 Specialized Accounting Fields 11 Summary of Adjustment Process 113 Financial Analysis and Interpretation 117 4.

Com Product General merchandise Toys Consumer electronics Apparel Internet books, music, video retailer Service businesses provide services rather than products to customers. Examples of service businesses and the types of services they offer are shown below. Roughly eight out of every ten workers in the United States are service providers. Service Business Service Disney Delta Air Lines Marriott Hotels Merrill Lynch Sprint Entertainment Transportation Hospitality and lodging Financial advice Telecommunications Types of Business Organizations The common forms of business organization are proprietorship, partnership, corporation, or limited liability corporation.

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