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Overview
This edition from the acclaimed franchise provides a foundation in financial accounting concepts, emphasizing the importance of accounting in business and society. The latest development and tools in corporate accounting have been updated. Learning features create interactive learning experiences, closing the gap between homework and exam performance. This approach elevates student thinking, addresses each stage of the learning process and demonstrates how accounting provides key information to make critical business decisions. A new “Why This is Important?” feature addresses students using a text messages to relate chapter content to their lives and future careers. The online learning platform CNOWv2 helps students master important accounting skills as they learn accounting principles within the larger context of corporate business today.
- NEW "WHY IS THIS IMPORTANT?" FEATURE HAS BEEN ADDED TO EVERY CHAPTER OPENING. This feature addresses students using a text message format to relate each chapter’s content to students’ daily lives and future careers.
- USING DATA ANALYTICS EXAMPLES HAVE BEEN ADDED TO EVERY CHAPTER, describing an application of data analytics to each chapter’s content. "Take It Further" data analytic cases have been added to all chapters. These cases in CNOWv2 use datasets related to the chapter content that requires students to analyze and develop reports using Excel or Tableau.
- DATA ANALYTICS SKILL BUILDERS are interactive exercises in CNOWv2 that introduce students to data analytics. Activities are tied to textbook topics and combine content and process. Students perform calculations in large data sets to solve accounting-related questions, using Excel functions like pivot tables to extract information and insights and answer targeted questions. Each activity also includes multiple-choice questions to assess students’ critical thinking skills related to the topic. Data Analytics Skill Builders are available as an algorithmic Excel Online problem within CNOWv2.
- "ANALYSIS FOR DECISION MAKING" SECTIONS PUT PROCEDURES INTO CONTEXT. Each chapter ends with a section that uses actual situations to emphasize how real businesses today use accounting information to make decisions or evaluate the health of the company. Students see how chapter content works within extended business settings such as franchising and sustainability activities. Related Analysis for Decision Making assignments allow students to improve analytical skills using real-world company data.
- PRESENTATION STYLE APPEALS TO CONTEMPORARY LEARNERS. Built for today's students, this edition's approach highlights content in a way that reflects how today's students read and assimilate information. Concise paragraphs and bullets, step-by-step progression and meaningful illustrations engage students and ensure retention.
- CNOWv2 CLOSES THE GAP BETWEEN HOMEWORK AND EXAM PERFORMANCE. A helpful multi-panel view enables students to see all elements of a problem on one screen, making it easier to navigate the problem and understand the accounting system. Adaptive feedback responds to students' unique answers and alerts them to the type of error they have made. In addition, the Blank Sheet of Paper Experience provides a less leading response system for journal entries and financial statements that discourages over-reliance on the system.
- ACCOUNTING EQUATION IMPACT TOOL AIDS STUDENT COMPREHENSION. To demonstrate the importance of the transaction on business, each journal entry includes the net effect of the transaction on the accounting equation. This link between the journal entry and the accounting equation is also emphasized in the accompanying CNOWv2. As students enter transactions into the journal, the impact on the accounting equation automatically populates to emphasize the connection between transactions and their influence on the accounting equation.
- "SHOW ME HOW" ONLINE VIDEOS CLARIFY PROCESSES. Hundreds of "Show Me How" problem demonstration videos provide step-by-step models of similar problems. Identified by an icon in the text margins, "Show Me How" videos correspond to specific assignments in CNOWv2 and offer ideal opportunities for self-study and review.
- "CHECK UP CORNER" OFFERS ADDITIONAL VISUAL EXPLANATIONS. To aid learning and encourage problem solving, "Check Up Corner" features provides an illustrated overview with call-out explanations for key topics or more challenging concepts. The call-outs further detail the steps in developing the solution. This feature helps students improve problem-solving skills with a hands-on, effective tool for reviewing and reinforcing what they have read.
- ACCOUNTING CYCLE COVERAGE PROVIDES UNMATCHED FOUNDATION FOR LATER SUCCESS. The accounting cycle is presented in a simple-to-complex format over four chapters, using one company example throughout (NetSolutions) and illustrating two months of transactions (November and December). The authors repeat and reinforce the accounting cycle with a capstone illustration (Kelly Consulting) of the accounting cycle for one period. A Comprehensive Problem further reinforces the accounting cycle with transactions for Kelly Consulting for the next period (May).
- SIMPLE-TO-COMPLEX PEDAGOGY ENSURES STUDENT COMPREHENSION. These experienced authors combine their own knowledge and teaching experience with input from leading accounting faculty to present a proven simple-to-complex pedagogy that facilitates student learning as they progress through the text.
1. Introduction to Accounting and Business.
2. Analyzing Transactions.
3. The Adjusting Process.
4. Completing the Accounting Cycle.
Appendix 1: End-of-Period Spreadsheet.
Appendix 2: Statement of Cash Flows for NetSolutions.
5. Accounting for Merchandising Businesses.
Appendix 1: Sales Discounts.
Appendix 2: The Periodic Inventory System.
6. Inventories.
Appendix: Estimating Inventory Cost.
7. Internal Control and Cash.
8. Receivables.
9. Long-term Operating Assets.
Appendix: Exchanging Similar Fixed Assets.
10. Liabilities: Current, Notes, and Contingencies.
11. Liabilities: Bonds Payable.
Appendix 1: Present Value Concepts for Pricing Bonds.
Appendix 2: Effective Interest Rate Method of Amortization.
12. Corporations: Organization, Stock Transactions, and Dividends.
13. Statement of Cash Flows.
Appendix 1: Spreadsheet (Worksheet) for Statement of Cash Flows—The Indirect Method.
Appendix 2: Preparing the Statement of Cash Flows—The Direct Method.
14. Financial Statement Analysis.
Appendix: Spreadsheet for Statement of Cash Flows: Indirect Method.
Appendix A: Present Value Tables.
Appendix B: Selected Topics.
Topic 1: Investments.
Topic 2: Reporting Unusual Items and Comprehensive Income.
Topic 3: Foreign Currency Transactions.
Topic 4: Corporate Taxes.
Appendix C: Nike Inc., Form 10-K for the Fiscal Year Ended May 31, 2023 Selected Excerpts.
Glossary.
Index.
Online Appendices.
Appendix O-1: Reversing Journal Entries.
Appendix O-2: Special Journals and Subsidiary Ledgers.
Appendix O-3: Revenue Recognition.
Appendix O-4: International Accounting Standards.
2. Analyzing Transactions.
3. The Adjusting Process.
4. Completing the Accounting Cycle.
Appendix 1: End-of-Period Spreadsheet.
Appendix 2: Statement of Cash Flows for NetSolutions.
5. Accounting for Merchandising Businesses.
Appendix 1: Sales Discounts.
Appendix 2: The Periodic Inventory System.
6. Inventories.
Appendix: Estimating Inventory Cost.
7. Internal Control and Cash.
8. Receivables.
9. Long-term Operating Assets.
Appendix: Exchanging Similar Fixed Assets.
10. Liabilities: Current, Notes, and Contingencies.
11. Liabilities: Bonds Payable.
Appendix 1: Present Value Concepts for Pricing Bonds.
Appendix 2: Effective Interest Rate Method of Amortization.
12. Corporations: Organization, Stock Transactions, and Dividends.
13. Statement of Cash Flows.
Appendix 1: Spreadsheet (Worksheet) for Statement of Cash Flows—The Indirect Method.
Appendix 2: Preparing the Statement of Cash Flows—The Direct Method.
14. Financial Statement Analysis.
Appendix: Spreadsheet for Statement of Cash Flows: Indirect Method.
Appendix A: Present Value Tables.
Appendix B: Selected Topics.
Topic 1: Investments.
Topic 2: Reporting Unusual Items and Comprehensive Income.
Topic 3: Foreign Currency Transactions.
Topic 4: Corporate Taxes.
Appendix C: Nike Inc., Form 10-K for the Fiscal Year Ended May 31, 2023 Selected Excerpts.
Glossary.
Index.
Online Appendices.
Appendix O-1: Reversing Journal Entries.
Appendix O-2: Special Journals and Subsidiary Ledgers.
Appendix O-3: Revenue Recognition.
Appendix O-4: International Accounting Standards.
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- ISBN-10: 035792973X
- ISBN-13: 9780357929735
- RETAIL $84.95
- ISBN-10: 0357929624
- ISBN-13: 9780357929629
- RETAIL $234.95