Horngren's Financial Accounting, 9th edition
Published by Pearson Education Australia (October 20, 2020) © 2021
- Tracie L. Miller Franklin University , Austin Community College
- Brenda Mattison Tri-County Technical College
- Ella Mae Matsumura
- Peter Best Griffith University , Queensland University of Technology , University of Southern Queensland
- David Keene
- Rebecca Tan Australian National University
- Roger Willett
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Title overview
A modern and fresh teaching approach that helps students understand the complexities of accounting
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The text is renowned for a clear, straightforward approach to the study of accounting for majors students.
The new edition has updated content including a focus on ethical issues facing the accounting profession, as well as discussing topical issues such as big corporation data, highlighted in boxes in various chapters.
The new edition also offers updates to standards to ensure content is reflective of current contemporary accounting practises, as well as a focus on the skills for employability.
Samples
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Student resources:
Key features
Decision guidelines. Decision guidelines explain why the accounting concepts addressed in the chapter are important to making decisions in a business setting. The left-hand side of the Decision guidelines table explains in simple terms the decision or action asked of the student, while the right-hand side shows the accounting topics that will help facilitate those decisions.
Keep it consistent. Consistent examples rather than learn about a new company each time an example is presented; this text provides two sets of company data (for Smart Touch and Greg's Tunes) that are carried through the in-chapter examples. As a result, you gain a sense of familiarity with the context of these examples and can focus your energy on learning the accounting principles in question
Concepts in Action. Real world examples with accompanying questions.
Learning Objectives. Listed at the beginning of each chapter. Each Learning Objective links to an A-level heading.
Student Success Tips. A bulleted summary of key concepts, with a list of study 'tools' to help students recall these concepts.
Try It! Boxes. Put the concepts in context. Try It! boxes Each Try It! gives students opportunities to apply the concept they've just learned by reflecting on or completing an accounting problem.
Sustainability in Action. Sustainability in action boxes in most chapters show that sustainability issues are integral aspects of accounting. Each example is accompanied by relevant questions.
Master the material: Review/Assess/Apply Review
- Review the Accounting vocabulary and Student success tips to ensure that you remember and understand the key terms and concepts from the chapter.
- Assess Tackle the Quick check and Starter questions, then jump to the more comprehensive and challenging Exercises and Problems to master the technical aspects of the chapter.
- Apply It's time to pull everything together! Apply your skills to decision-making, ethics and fraud cases
New to this edition
- Chapter 1 discussion of ethics - The text develops student awareness of the ethical issues facing the accounting profession. Chapter 1 includes a discussion of ethics in business and the accounting profession today. The end-of chapter Focus on Ethics provides students with the opportunity for in-depth discussion and analysis
- Big data incorporated - Topical issues like big data have been incorporated and are highlighted in boxes in various chapters. Chapter 7 has been thoroughly updated to reflect the contemporary use of accounting software systems and Chapter 8 is updated to reflect increased electronic cash transactions.
- ‘Try it' feature boxes - This feature allows students opportunities to critically engage with concepts.
- Content is updated to incorporate the new conceptual framework (Conceptual Framework for Financial Reporting) issued by the Australian Accounting Standards Board in May 2019.
- Focus on 'Skills for employability'.
- Learning the technical skills: Understand how to do financial statements; learn the impact of GST; a terminology of accounting terms.
Key features
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Table of contents
- The role of accounting in decision making
- Recording business transactions
- The adjusting process
- Completing the accounting cycle
- Retailing operations
- Retail inventory
- Accounting information systems
- Internal control and cash
- Receivables
- Non-current assets: property, plant and equipment and intangibles
- Current liabilities and payroll
- Non-current liabilities, debentures payable and classification of liabilities on the balance sheet
- Partnerships
- Companies: formation and shareholders' equity
- Companies: capital management and the income statement
- The cash flow statement
- The framework of accounting
- Financial statement analysis
Author bios
Australian authors:
Peter Best (BCom, MEngSci, PhD) is Professor and Head of Department of Accounting, Economics, Finance & Property at CQ University, Australia. Peter is a Fellow of CPA Australia and an Associate of Chartered Accountants Australia and New Zealand. He has acted as consultant to a variety of accounting firms, companies and government departments both in Australia and overseas. His specialist teaching areas include accounting information systems, auditing, information systems auditing and forensic accounting.
Roger Willett (BA Hons, PhD) is a Professor at the Victoria University of Wellington. Roger is a member of CPA Australia and a Fellow of the Institute of Chartered Accountants in England and Wales. His teaching areas include financial accounting, financial accounting theory and research methods. Roger worked for a number of years as a chartered accountant. He is currently an Associate Editor of Abacus and is on the editorial boards of the Accounting, Auditing & Accountability Journal and Accounting & Finance. Roger is co-author of previous editions of Horngren's Accounting and Financial Accounting.
Rebecca Tan (BCom Hons, PhD, CPA) is Deputy Director (Education) and Senior Lecturer in Accounting at the Australian National University (ANU). Rebecca is a Fellow of CPA Australia and a member of Chartered Accountants Australia and New Zealand. Her research focuses on teamwork in accounting education, management accounting processes and practices, accounting policy choices in the financial accounting and reporting area, corporate sustainability reporting, and organisational behaviour research.
David Keene (BBS, MBS, BA Hons) is a lecturer in the Department of Accounting, Economics, Finance & Property at CQ University, Australia. David joined academia after briefly working as an accountant in public practice. He has taught at Massey University and the University of Southern Queensland. David is a member of Chartered Accountants Australia New Zealand (CAANZ). He currently coordinates the second and third year undergraduate financial accounting units at CQ University.
The U.S authors:
Tracie L. Miller-Nobles, CPA, received her Bachelor's and Master's degrees in accounting from Texas A&M University and is currently pursuing her Ph.D. in adult learning, also at Texas A&M University. She is an Associate Professor at Austin Community College, Austin, TX. Tracie has taught as an adjunct professor at University of Texas and has public accounting experience with Deloitte Tax LLP and Sample & Bailey, CPAs. Tracie is a recipient of the Texas Society of CPAs Rising Star Award, TSCPAs Outstanding Accounting Educator Award, NISOD Teaching Excellence Award, and the Aims Community College Excellence in Teaching Award.
Brenda L. Mattison has a Bachelor's degree in education and a Master's degree in accounting, both from Clemson University. She is currently an Accounting Instructor at Tri-County Technical College in Pendleton, South Carolina. She has presented at several conferences on topics including active learning, course development, and student engagement. In her spare time, Brenda enjoys reading and spending time with her family.
Ella Mae Matsumura, Ph.D. is a professor in the Department of Accounting and Information Systems in the School of Business at the University of Wisconsin–Madison, and is affiliated with the university's Center for Quick Response Manufacturing. She received an A.B. in mathematics from the University of California, Berkeley, and M.Sc. and Ph.D. degrees from the University of British Columbia.
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