Principles of Accounting 11th Editions

Explanation of Accounting rules and methods begging to advance level

With an emphasis on the corporate approach, this text has 18 chapters devoted to financial accounting and 8 chapters covering managerial accounting. After studying this chapter, you should be able to:
• Describe the types of operations that require a process cost system.
• Distinguish between process and job costing systems.
• Discuss the concept of equivalent units in a process cost system.
• Compute equivalent units of production and unit costs under the average cost procedure.
• Prepare a production cost report for a process cost system and discuss its relationship to the Work in Process
Inventory account.
• Distinguish between normal and abnormal spoilage.
• Compute equivalent units of production and unit costs under the first-in first-out (FIFO) system (Appendix
19-A).
• Discuss how joint costs are allocated to joint products (Appendix 19-B).

Confusing Textbooks? Missed Lectures? Not Enough Time?

Accounting Basics for Managers and Entrepreneurs. Apply principles that underlie financial statements and facilitate business decisions and goals.

This successful textbook undergoes a change of character in the third edition. Where earlier editions covered organic polymer chemistry, the third edition covers both physical and organic chemistry. Thus kinetics and thermodynamics of polymerization reactions are discussed.