An Introduction to Accounting and Managerial Finance ─ A Merger of Equals

Integrating the basic elements of accounting and finance, Bierman (business administration, Cornell U.) presents a text introducing readers to the real-world constraints and complexities of the two fields. The book is suitable for use as a textbook in accounting and finance courses, and as a resource to help business professionals and general readers improve the management of their organizational and/or personal financial affairs. Coverage includes an overview of finance, accounting, and corporate objectives; the time value of money; an introduction to financial reporting; capital budgeting; the income statement; comparing the use of cash flows and incomes; depreciation expense; long-term liabilities; stockholders' equity; distributions of shareholders; weighted average cost of capital; buying versus leasing; preferred stock; managerial performance; mergers and acquisitions; convertible bonds; inventories; and the cash flow statement. Annotation c2010 Book News, Inc., Portland, OR (booknews.com)