Includes index.

Accounting: information for decision making -- Basic financial statements -- The accounting cycle : capturing economic events -- The accounting cycle : accruals and deferrals -- The accounting cycle : reporting financial results -- Comprehensive problem -- Merchandising activities -- Financial assets -- Inventories and the cost of goods sold -- Comprehensive problem 2 -- Plant and intangible assets -- Macrs 400 -- Liabilities -- Stockholders' equity : paid-in capital -- Comprehensive problem 3 -- Income and changes in retained earnings -- Statement of cash flows -- Financial statement analysis -- Comprehensive problem 4 -- Global business and accounting -- Management accounting : a business partner -- Job order cost systems and overhead allocations -- Process costing -- Costing and the value chain -- Cost-volume-profit analysis -- Incremental analysis -- Comprehensive problem 5 -- Responsibility accounting and transfer pricing -- Operational budgeting -- Standard cost systems -- Rewarding business performance -- Comprehensive problem 6 -- Capital budgeting -- A Home depot 2012 financial statements -- B The time value of money : future amounts and present values -- C Forms of business organization -- Index.

With the seventeenth edition of Financial and Managerial Accounting: The Basis for Business Decisions, the Williams author team continues to be a solid foundation for students who are learning basic accounting concepts. Hallmarks of the text - including the solid Accounting Cycle Presentation, relevant pedagogy, and high quality, end-of-chapter material--have been updated throughout the book.