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Financial Accounting for Managers https://www.mheducation.com/cover-images/Jpeg_400-high/126450330X.jpeg 1 2023 9781264503308 Students with varying backgrounds want to see the big picture and understand the “why” behind the foundations of financial accounting, as many will go on to use accounting information to make real-world business decisions. With Financial Accounting for Managers, 1e, our authors have developed a unique set of materials that fully engage all students, creating those “Aha!” moments- all based directly on their own experiences instructing students of all majors. Using a measurement, communication, and decision-making framework, Financial Accounting for Managers, 1e forms a solid foundation for student learning, and its three-part flexible structure builds chapters from fundamentals to expanded topics, with debits & credits presented in an alternate format to easily cover, de-emphasize, or remove without disruption. This level of flexibility allows every instructor the ability to design their course, their way. With their thoughtful focus on relevancy and real-world connections, the authors explore the financials of more than 100 companies, and spotlight over 100 cases from a variety of industries. Paired with the immense support material within Connect, students of all backgrounds are enveloped in a learning environment created for student success, regardless of accounting background.
09781264503308
Financial Accounting for Managers
Financial Accounting for Managers

Financial Accounting for Managers, 1st Edition

ISBN10: 126450330X | ISBN13: 9781264503308
By Wayne Thomas, Michael Drake, Jake Thornock and David Spiceland
© 2023

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* The estimated amount of time this product will be on the market is based on a number of factors, including faculty input to instructional design and the prior revision cycle and updates to academic research-which typically results in a revision cycle ranging from every two to four years for this product. Pricing subject to change at any time.

Additional Product Information:

Students with varying backgrounds want to see the big picture and understand the “why” behind the foundations of financial accounting, as many will go on to use accounting information to make real-world business decisions. With Financial Accounting for Managers, 1e, our authors have developed a unique set of materials that fully engage all students, creating those “Aha!” moments- all based directly on their own experiences instructing students of all majors. Using a measurement, communication, and decision-making framework, Financial Accounting for Managers, 1e forms a solid foundation for student learning, and its three-part flexible structure builds chapters from fundamentals to expanded topics, with debits & credits presented in an alternate format to easily cover, de-emphasize, or remove without disruption. This level of flexibility allows every instructor the ability to design their course, their way. With their thoughtful focus on relevancy and real-world connections, the authors explore the financials of more than 100 companies, and spotlight over 100 cases from a variety of industries. Paired with the immense support material within Connect, students of all backgrounds are enveloped in a learning environment created for student success, regardless of accounting background.

Chapter 1: A Framework for Financial Accounting  
Chapter 2: The Financial Statements 
Chapter 3: The Accounting Cycle: During the Period 
Chapter 4: The Accounting Cycle: End of the Period
Chapter 5: Revenue and Receivables 
Chapter 6: Inventory and Cost of Goods Sold 
Chapter 7: Long-Term Assets 
Chapter 8: Cash and Investments 
Chapter 9: Liabilities 
Chapter 10: Stockholders’ Equity 
Chapter 11: Statement of Cash Flows 
Chapter 12: Financial Statement Analysis 
Appendix A: American Eagle Outfitters, Inc., 2020 Annual Report 
Appendix B: The Buckle, Inc., 2020 Annual Report 
Appendix C: Time Value of Money 
Appendix D: International Financial Reporting Standards 
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About the Author

Wayne Thomas

Wayne Thomas is the W. K. Newton Chair in Accounting at the University of Oklahoma, where he teaches introductory financial accounting and intermediate accounting. He received his bachelor’s degree in accounting from Southwestern Oklahoma State University, and his master’s and PhD in accounting from Oklahoma State University. Professor Thomas has won teaching awards at the university, college, and departmental levels, and has received the Outstanding Educator Award from the Oklahoma Society of CPAs. Wayne is also a co-author on McGraw-Hill’s best-selling Financial Accounting, with David Spiceland and Don Herrmann.  

His primary research interests are in markets-based accounting research, financial disclosures, financial statement analysis, and international accounting issues. He previously served as an editor of The Accounting Review and has published articles in a variety of journals including The Accounting Review, Journal of Accounting and Economics, Journal of Accounting Research, Review of Accounting Studies, and Contemporary Accounting Research. He has won several research awards, including the American Accounting Association’s Competitive Manuscript Award. Professor Thomas enjoys various activities such as tennis, basketball, golf, and crossword puzzles, and most of all, he enjoys spending time with his wife and kids.

Michael Drake

Michael Drake is the K. Fred Skousen Professor of Accounting in the BYU Marriott School of Business at Brigham Young University. Before joining BYU, he was on faculty in the Fisher College of Business at The Ohio State University and a doctoral student in the Mays Business School at Texas A&M University, where he was a Deloitte Foundation Doctoral Fellow. Prior to his graduate work, he worked in public accounting at Arthur Andersen and Ernst & Young.

Michael teaches financial accounting and financial statement analysis at the undergraduate, graduate, and executive levels and has won several teaching awards, including the MBA Core Professor of the Year award in several consecutive years and the BYU Marriott School Teaching Excellence Award.

Michael’s primary research interest is in capital markets with a specific focus on the intermediaries and technologies that facilitate price formation. His research has been published in top academic journals, including the 
Journal of Accounting and EconomicsJournal of Accounting ResearchThe Accounting ReviewContemporary Accounting ResearchReview of Accounting Studies, and Management Science. He has won several awards at the academy, university, and college level for his research, including multiple best paper awards and the BYU Young Scholar award.

Michael currently serves on the editorial boards of The Accounting Review and Contemporary Accounting Research.

Michael is married to McKenzie, and they have five children, Gavin, Abbie, Quentin, Maxwell, and Hannah. He enjoys playing, coaching, and watching all sports.

Jake Thornock

Jake Thornock is a professor of accounting in the BYU Marriott School of Business at Brigham Young University and holds the John and Nancy Hardy Chaired Professorship. He joined BYU from the University of Washington, where he was a tenured associate professor of accounting and the PwC Faculty Fellow. Jake completed his doctoral studies at Kenan-Flagler Business School at the University of North Carolina, where he was awarded the William Delozier Fellowship for Outstanding Doctoral Student. He earned his undergraduate and master’s degrees in accounting at BYU.
Jake has diverse research interests, including interest in taxation, tax havens, earnings information content, and information technologies. His research has been accepted for publication at the Journal of Accounting and Economics, Journal of Accounting Research, The Accounting Review, Contemporary Accounting Research, Review of Accounting Studies, Journal of Finance, Journal of Financial Economics, and Management Science. Jake’s research has been cited or featured in the Wall Street Journal, New York Times, Bloomberg Business Week, Fox News, and NPR, and has been presented at the IRS, the SEC, and a congressional subcommittee. Jake currently serves as an editor at Contemporary Accounting Research.
Jake has taught accounting at undergraduate and graduate levels. He was won several awards for teaching, mentoring, research, and innovation in the classroom. He also co-founded Accounting Coding Camp with Mike Drake and Josh Lee, which provides coding education to graduate students in accounting and finance.
Jake is married to Kerrie, and they have four children, Allie, Luke, Mia, and Josie. He enjoys audiobooks and college sports and is an ardent fly fisherman.


David Spiceland

David Spiceland is Accounting Professor Emeritus at the University of Memphis. He received his BS degree in finance from the University of Tennessee, his MBA from Southern Illinois University, and his PhD in accounting from the University of Arkansas. 

Professor Spiceland’s primary research interests are in earnings management and educational research. He has published articles in a variety of journals including The Accounting Review, Accounting and Business Research, Journal of Financial Research, Advances in Quantitative Analysis of Finance and Accounting, and most accounting education journals: Issues in Accounting Education, Journal of Accounting Education, Advances in Accounting Education, The Accounting Educators’ Journal, Accounting Education, The Journal of Asynchronous Learning Networks, and Journal of Business Education. David has received university and college awards and recognition for his teaching, research, and technological innovations in the classroom. David is a co-author on McGraw-Hill’s best-selling Intermediate Accounting text, with Mark Nelson and Wayne Thomas. 

David enjoys playing basketball, is a former all-state linebacker, and is an avid fisherman. Cooking is a passion for David, who served as sous chef for Paula Deen at a Mid-South Fair cooking demonstration.

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