NOT IN USE - Custom ACCT 228 - Strategic Accounting for Managers (Hofstra University)

by Hanlon, Magee, Pfeiffer, Dyckman

ISBN: 0000000000 | Copyright 2022

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Financial & Managerial Accounting for Decision Makers, 4e (pg. 1.218)
Chapter 5 Analyzing and Interpreting Financial Statements (pg. 1.218)
Introduction (pg. 1.220)
Assessing the Business Environment (pg. 1.220)
Vertical and Horizontal Analysis (pg. 1.221)
Mid-Chapter Review 1 (pg. 1.223)
Return on Investment (pg. 1.225)
Return on Equity (ROE) (pg. 1.225)
Return on Assets (ROA) (pg. 1.225)
Return on Financial Leverage (ROFL) (pg. 1.226)
Mid-Chapter Review 2 (pg. 1.227)
Disaggregating ROA (pg. 1.228)
Liquidity and Solvency (pg. 1.233)
Liquidity Analysis (pg. 1.235)
Solvency Analysis (pg. 1.237)
Limitations of Ratio Analysis (pg. 1.239)
Chapter-End Review (pg. 1.240)
Appendix 5A: Analyzing and Interpreting Core Operating Activities (pg. 1.241)
Reporting Operating Activities in the Income Statement (pg. 1.241)
Reporting Operating Activities in the Balance Sheet (pg. 1.242)
Disaggregating RNOA (pg. 1.242)
Appendix 5A Review (pg. 1.243)
Appendix 5B: Financial Statement Forecasts (pg. 1.243)
Step 1. Forecast Sales Revenue (pg. 1.243)
Step 2. Forecast Operating Expenses (pg. 1.244)
Step 3. Forecast Operating Assets and Liabilities (pg. 1.244)
Step 4. Forecast Nonoperating Assets, Liabilities, Revenues and Expenses (pg. 1.244)
Step 5. Forecast Net Income, Dividends, and Retained Earnings (pg. 1.245)
Step 6. Forecast Cash (pg. 1.246)
Step 7. Prepare the Cash Flow Statement Forecast (pg. 1.247)
Additional Considerations (pg. 1.247)
Appendix 5B Review (pg. 1.248)
Summary (pg. 1.248)
Key Ratios (pg. 1.249)
Key Terms (pg. 1.250)
Multiple Choice (pg. 1.250)
Guidance Answers . . . You Make the Call (pg. 1.251)
Questions (pg. 1.251)
Mini Exercises (pg. 1.251)
Exercises (pg. 1.255)
Problems (pg. 1.259)
Cases and Projects (pg. 1.265)
Solutions to Review Problems (pg. 1.266)
Chapter 7 Reporting and Analyzing Inventory (pg. 1.326)
Reporting Operating Expenses (pg. 1.328)
Expense Recognition Principles (pg. 1.328)
Reporting Inventory Costs in the Financial Statements (pg. 1.329)
Recording Inventory Costs in the Financial Statements (pg. 1.330)
Inventory and the Cost of Acquisition (pg. 1.331)
Inventory Reporting by Manufacturing Firms (pg. 1.331)
Inventory Costing Methods (pg. 1.332)
Illustration (pg. 1.333)
First-In, First-Out (FIFO) (pg. 1.333)
Last-In, First-Out (LIFO) (pg. 1.334)
Inventory Costing and Price Changes (pg. 1.336)
Average Cost (AC) (pg. 1.336)
Lower of Cost or Net Realizable Value (pg. 1.337)
Mid-Chapter Review (pg. 1.339)
Financial Statement Effects and Disclosure (pg. 1.340)
Financial Statement Effects of Inventory Costing (pg. 1.341)
Analyzing Financial Statements (pg. 1.345)
Analysis Objective (pg. 1.345)
Analysis Objective (pg. 1.347)
Chapter-End Review (pg. 1.350)
Appendix 7A: LIFO Liquidation (pg. 1.351)
Analysis Implications (pg. 1.352)
Appendix 7A Review (pg. 1.352)
Summary (pg. 1.353)
Guidance Answers . . . You Make the Call (pg. 1.354)
Key Ratios (pg. 1.354)
Key Terms (pg. 1.354)
Multiple Choice (pg. 1.355)
Questions (pg. 1.356)
Mini Exercises (pg. 1.356)
Exercises (pg. 1.359)
Problems (pg. 1.362)
Cases and Projects (pg. 1.365)
Solutions to Review Problems (pg. 1.366)
Chapter 8 Reporting and Analyzing Long-Term Operating Assets (pg. 1.372)
Introduction (pg. 1.374)
Property, Plant, and Equipment (PPE) (pg. 1.374)
Determining Costs to Capitalize (pg. 1.375)
Depreciation (pg. 1.376)
Depreciation Methods (pg. 1.377)
Changes in Accounting Estimates (pg. 1.380)
Asset Sales and Impairments (pg. 1.381)
Footnote Disclosure (pg. 1.383)
Analyzing Financial Statements (pg. 1.384)
Analysis Objective (pg. 1.384)
Analysis Objective (pg. 1.385)
Cash Flow Effects (pg. 1.387)
Mid-Chapter Review (pg. 1.387)
Intangible Assets (pg. 1.388)
Research and Development Costs (pg. 1.388)
Patents (pg. 1.389)
Trademarks (pg. 1.389)
Franchise Rights (pg. 1.390)
Amortization and Impairment of Identifiable Intangible Assets (pg. 1.390)
Goodwill (pg. 1.392)
Footnote Disclosures (pg. 1.392)
Analysis Implications (pg. 1.393)
Chapter-End Review (pg. 1.394)
Summary (pg. 1.394)
Guidance Answers . . . You Make the Call (pg. 1.395)
Key Ratios (pg. 1.395)
Key Terms (pg. 1.395)
Multiple Choice (pg. 1.396)
Questions (pg. 1.396)
Mini Exercises (pg. 1.397)
Exercises (pg. 1.399)
Problems (pg. 1.402)
Cases and Projects (pg. 1.405)
Solutions to Review Problems (pg. 1.407)
Chapter 10 Reporting and Analyzing Leases, Pensions, Income Taxes, and Commitments and Contingencies (pg. 1.462)
Introduction (pg. 1.464)
Leases (pg. 1.465)
Lessee Reporting of Leases (pg. 1.466)
Footnote Disclosures of Leases (pg. 1.473)
Mid-Chapter Review 1 (pg. 1.476)
Pensions (pg. 1.477)
Balance Sheet Effects of Defined Benefit Pension Plans (pg. 1.477)
Income Statement Effects of Defined Benefit Pension Plans (pg. 1.479)
Footnote Disclosures-Components of Plan Assets and PBO (pg. 1.480)
Footnote Disclosures-Components of Pension Expense (pg. 1.481)
Footnote Disclosures and Future Cash Flows (pg. 1.483)
Other Post-Employment Benefits (pg. 1.485)
Mid-Chapter Review 2 (pg. 1.486)
Accounting For Income Taxes (pg. 1.486)
Book-Tax Differences (pg. 1.487)
Revaluation of Deferred Tax Assets and Liabilities due to a Tax Rate Change (pg. 1.493)
Income Tax Disclosures (pg. 1.494)
Deferred Taxes in the Cash Flow Statement (pg. 1.497)
Computation and Analysis of Taxes (pg. 1.497)
Mid-Chapter Review 3 (pg. 1.497)
Commitments and Contengencies and Other Disclosures (pg. 1.498)
Analyzing Financial Statements (pg. 1.499)
Analysis Objective (pg. 1.499)
Summary (pg. 1.501)
Guidance Answers . . . You Make The Call (pg. 1.502)
Key Ratios (pg. 1.502)
Key Terms (pg. 1.502)
Multiple Choice (pg. 1.502)
Questions (pg. 1.503)
Mini Exercises (pg. 1.504)
Exercises (pg. 1.506)
Problems (pg. 1.512)
Cases and Projects (pg. 1.518)
Solutions to Review Problems (pg. 1.523)
Michelle L. Hanlon

Michelle L. Hanlon

Michelle L. Hanlon is the Howard W. Johnson Professor at the MIT Sloan School of Management. She earned her doctorate at the University of Washington.

Prior to joining MIT, she was a faculty member at the University of Michigan. Professor Hanlon has taught financial accounting to undergraduates, MBA students, executive MBA students, and Masters of Finance students. Professor Hanlon also teaches Taxes and Business Strategy to MBA students. She is the winner of the 2013 Jamieson Prize for Excellence in Teaching at MIT Sloan.

Professor Hanlon’s research focuses primarily on the intersection of taxation and financial accounting. Her recent work examines the capital market effects of the accounting for income tax, the reputational effects of corporate tax avoidance, and the economic consequences of U.S. international tax policies for multinational corporations. She has published research studies in the Journal of Accounting and Economics, the Journal of Accounting Research, The Accounting Review, the Review of Accounting Studies, the Journal of Finance, the Journal of Financial Economics, the Journal of Public Economics, and others. She has won several awards for her research and has presented her work at numerous universities and conferences. Professor Hanlon has served on several editorial boards and currently serves as an editor at the Journal of Accounting and Economics. 

Professor Hanlon has testified in front of the U.S. Senate Committee on Finance and the U.S. House of Representatives Committee on Ways and Means about the interaction of financial accounting and tax policy. She served as a U.S. delegate to the American-Swiss Young Leaders Conference in 2010 and worked as an Academic Fellow at the U.S. House Ways and Means Committee in 2015.


Robert P. Magee

Robert P. Magee

Robert P. Magee is Keith I. DeLashmutt Professor of Accounting Information and Management at the Kellogg School of Management at Northwestern University.

He received his A.B., M.S. and Ph.D. from Cornell University. Prior to joining the Kellogg faculty in 1976, he was a faculty member at the University of Chicago's Graduate School of Business. For academic year 1980-81, he was a visiting faculty member at IMEDE (now IMD) in Lausanne, Switzerland.

Professor Magee's research focuses on the use of accounting information to facilitate decision-making and control within organizations. He has published articles in The Accounting Review, the Journal of Accounting Research, the Journal of Accounting and Economics, and a variety of other journals. He is the author of Advanced Managerial Accounting and co-author (with Thomas R. Dyckman and David H. Downes) of Efficient Capital Markets and Accounting: A Critical Analysis. The latter book received the Notable Contribution to the Accounting Literature Award from the AICPA in 1978. Professor Magee has served on the editorial boards of The Accounting Review, the Journal of Accounting Research, the Journal of Accounting and Economics and the Journal of Accounting, Auditing and Finance. From 1994-96, he served as Editor of The Accounting Review, the quarterly research journal of the American Accounting Association. He received the American Accounting Association's Outstanding Accounting Educator Award in 1999 and the Illinois CPA Society Outstanding Educator Award in 2000.

Professor Magee teaches financial accounting to MBA and Executive MBA students. He has received several teaching awards at the Kellogg School, including the Alumni Choice Outstanding Professor Award in 2003.


Glenn M. Pfeiffer

Glenn M. Pfeiffer

Glenn M. Pfeiffer is Professor of Accounting at the George L. Argyros School of Business and Economics at Chapman University.

He received his M.S. and Ph.D. from Cornell University after he earned a bachelor's degree from Hope College. Prior to joining the faculty at the Argyros School, he held appointments at the University of Washington, Cornell University, the University of Chicago, the University of Arizona, and San Diego State University.

Professor Pfeiffer’s research focuses on financial reporting and capital markets. He has investigated issues relating to lease accounting, LIFO inventory liquidation, earnings per share, employee stock options, corporate reorganization, and technology investments. He has published articles in The Accounting Review, the Financial Analysts Journal, the International Journal of Accounting Information Systems, the Journal of Applied Business Research, the Journal of High Technology Management Research, the Journal of Accounting Education, and several other academic journals. In addition, he has published numerous case studies in financial accounting and reporting.

Professor Pfeiffer teaches financial accounting and financial analysis to undergraduate, MBA, and Executive students. He has also taught managerial accounting for MBAs. He has won several teaching awards at both the undergraduate and graduate levels.


Thomas R. Dyckman

Thomas R. Dyckman

Thomas R. Dyckman is Ann Whitney Olin Professor Emeritus of Accounting and Quantitative Analysis at Cornell University’s Johnson Graduate School of Management.

In addition to teaching accounting and quantitative analysis, he has taught in Cornell’s Executive Development Program. He earned his doctorate degree from the University of Michigan. He is a former member of the Financial Accounting Standards Board Advisory Committee and the Financial Accounting Foundation, which oversees the FASB. He was president of the American Accounting Association in 1982 and received the association’s Outstanding Educator Award for the year 1987. He also received the AICPA’s Notable Contributions to Accounting Literature Award in 1966 and 1977.

Professor Dyckman has extensive industrial experience that includes work with the U.S. Navy and IBM. He has conducted seminars for Cornell Executive Development Program and Managing the Next Generation of Technology, as well as for Ocean Spray, Goodyear, Morgan Guaranty, GTE, Southern New England Telephone, and Goulds Pumps.

Professor Dyckman has coauthored eleven books and written over 50 journal articles on topics from financial markets to the application of quantitative and behavioral theory to administrative decision making. He has been a member of the editorial boards of The Accounting Review, The Journal of Finance and Quantitative Analysis, The Journal of Accounting and Economics, The Journal of Management Accounting Research, and The Journal of Accounting Education.


Financial & Managerial Accounting for Decision Makers, 4e (Hanlon, Magee, Pfeiffer, Dyckman)
Errata
Last Updated: May 31 2023

Corrections to identified errors in the text.