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Integrate pedagogy with concepts and practical applications

  • NEW! Helios Digital E-Cases use the power of storytelling to engage students and help them connect course content to real-world scenarios. Delivered in partnership with Helios Digital Learning, these multimedia e-cases illustrate fraud and ethical principles using real-life characters, experiences, and stories. Narratives speak to students, not at them, creating an immersive and engaging learning experience through which students acquire, retain, discuss, and integrate important course concepts and ethical lessons.
  • Effects on the Accounting Equation illustrations help students see connections between transactions, as well as how transactions fit into the big picture. Located next to every journal entry, they reinforce the connections between recording a transaction and the effect those transactions have on the accounting equation.
  • Instructor Tips & Tricks throughout the text mimic the experience of having an experienced teacher walk a student through concepts on the board. Many include mnemonic devices or examples to help students remember the rules of accounting.
  • Rooted in the authors’ teaching experiences over the years, Common Questions, Answered offer additional help with patterns and rules that consistently confuse students. Located in the text’s margin next to where the answer or clarification can be found, they help students better understand difficult concepts.
  • Try It! exercises found after each learning objective give students opportunities to apply the concept they’ve just learned by completing an accounting problem. Links to these exercises appear throughout the eText, allowing students to practice in MyAccountingLab without interruption.
  • "Things You Should Know” – Students will find the Things You Should Know feature useful when preparing for the exam. This feature provides a brief review of each learning objective presented in a question and answer format. Students can also link to multimedia materials from within the Enhanced eText.
  • Chapter Openers present relatable stories that set up the concepts to be covered in the chapter. The implications of those concepts on a company’s reporting and decision-making processes are then discussed.
  • The redesign includes clean and consistent art for T-accounts, journal entries, financial statements and the accounting equation. New art types include clear explanations and connection arrows to help students follow the transaction process.
  • Decisions boxes highlight common questions that business owners face, prompting students to determine the course of action they would take based on concepts covered in the chapter.
  • IFRS icons provide guidance on how International Financial Reporting Standards (IFRS) differs from U.S. GAAP throughout the financial chapters.

End of Chapter Review and Summary Problems

  • Comprehensive Problem 1 for Chapters 1-4 covers the entire accounting cycle for a service company. It is found at the end of Chapter 4
  • Comprehensive Problem 2 for Chapters 1-4 is a continuation of Comprehensive Problem 1. It requires the student to record transactions for the month after the closing process.
  • Comprehensive Problem for Chapters 16-20 covers fundamental managerial accounting concepts: job order costing, process costing, cost management systems, and cost volume- profit analysis. It is found at the end of Chapter 20.
  • Comprehensive Problem for Chapters 1-5 covers the entire accounting cycle for a merchandise company. It is found at the end of Chapter 5.
  • Comprehensive Problem for Appendix C. Uses special journal and subsidiary ledgers and covers the entire accounting cycle for a merchandise company. Students can complete this comprehensive problem using the MyAccountingLab General Ledger or QuickBooks software.
  • Comprehensive Problem for Chapter 15. Students use trend analysis and ratios to analyze a company for its investment potential.
  • NEW! Comprehensive Problem for Chapters 16-20. Covers fundamental managerial accounting concepts: job ordering, process costing, cost management systems, and cost-volume-profit analysis.
  • NEW! Comprehensive Problem for Chapters 22-24. Covers planning and control decisions for a manufacturing company, including a master budget, flexible budget, variance analysis, and performance evaluation.
  • NEW! Comprehensive Problem for Chapters 25-26. Covers decision making, both short-term business decisions and capital budgeting decisions.

Also available with MyAccountingLab®

MyAccountingLab is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.

  • Enhanced eText: The Enhance eText keeps students engaged in learning on their own time, while helping them achieve greater conceptual understanding of course material. The worked examples bring learning to life, and algorithmic practice allows students to apply the very concepts they are reading about. Combining resources that illuminate content with accessible self-assessment, MyAccounting Lab with Enhanced eText provides students with a complete digital learning experience–all in one place.
    • NEW! Try It! Solution Videos are author recorded solution videos that accompany all Try Its! Just click on the Try It! box and watch the author walk you through the problem and the solution.
    • NEW! Interactive Exhibits allow students to engage with key exhibits within the enhanced eText. Students can work with journal entries, modify an exhibit’s data to see the resulting impact and effects, or watch a video explanation of key concepts.
  • NEW! Accounting Cycle Tutorial– MyAccountingLab’s new interactive tutorial helps students master the Accounting Cycle for early and continued success in the introduction to Accounting course. The tutorial, accessed by computer, Smartphone or tablet, provides students with brief explanations of each concept of the Accounting Cycle through engaging videos and/or animations. Students are immediately assessed on their understanding and their performance is scored into the MyAccountingLab grade book. Whether the Accounting Cycle Tutorial is used as a remediation self-study tool or course assignment, students have yet another resource within MyAccountingLab to help them nail the accounting cycle.
  • NEW! Learning Catalytics™ is an interactive, student response tool that uses students’ smartphones, tablets, or laptops to engage them in more sophisticated tasks and thinking. Now included with MyAccountingLab with eText, Learning Catalytics enables you to generate classroom discussion, guide your lecture, and promote peer-to-peer learning with real-time analytics. Instructors, you can:
    • Pose a variety of questions that help your students develop critical thinking skills
    • Monitor responses to find out where students are struggling
    • Use real-time data to adjust your instructional strategy and try other ways of engaging your students during class
    • Manage student interactions by automatically grouping students for discussion, teamwork, and peer-to-peer learning
  • NEW! Animated Lecture Videos–this pre-class learning aid, available for every learning objective, is a professor narrated PowerPoint summary to help prepare students.
  • Adaptive Learning: A way to enable personalized learning at scale. Not every student learns the same way and at the same rate. MyAccountingLab with Adaptive Learning continuously assesses student performance and activity in real time, and, using data and analytics, personalizes content to reinforce concepts that target each student’s strengths and weaknesses.
  • A variety of Question Types enhance flexibility:
    • Open Response questions require students to type in their answers instead of choosing their answer from a drop-down menu. This helps students think critically while further preparing them for the format of their exam.
    • Excel Questions: Educators can now assign end-of-chapter problems through a simulated Microsoft Excel environment that reports directly into the MyAccountingLab grade book. With the Excel Sims, students learn and practice solving accounting problems just like they will in their future careers without adding the extra work of hand-grading to instructors.
    • General Ledger Questions: Students will be able to launch the General Ledger software in MyAccountingLab, work on their accounts, post to the ledger, and save their work. The work will be auto-graded and their grades will automatically flow to the MyAccountingLab gradebook.
    • Algorithmic Testbank: Algorithmic testbank for instructors to create tests with unique values for each student.
  • Robust gradebook tracking: The online gradebook automatically tracks your students' results on tests, homework, and practice exercises and gives you control over managing results and calculating grades. The gradebook provides a number of flexible grading options, including exporting grades to a spreadsheet program such as Microsoft Excel. And, it lets you measure and document your students' learning outcomes.
  • Easily scalable and shareable content: MyLab enables you to manage multiple class sections, and lets other instructors copy your settings so a standardized syllabus can be maintained across your department. Should you want to use the same MyLab course next semester, with the same customized settings, you can copy your existing course exactly–and even share it with other faculty members.

End of Chapter Review and Summary Problems

  • Helios Digital E-Cases use the power of storytelling to engage students and help them connect course content to real-world scenarios. Delivered in partnership with Helios Digital Learning, these multimedia e-cases illustrate fraud and ethical principles using real-life characters, experiences, and stories. Narratives speak to students, not at them, creating an immersive and engaging learning experience through which students acquire, retain, discuss, and integrate important course concepts and ethical lessons.
  • Comprehensive Problem for Chapters 16-20. Covers fundamental managerial accounting concepts: job ordering, process costing, cost management systems, and cost-volume-profit analysis.
  • Comprehensive Problem for Chapters 22-24. Covers planning and control decisions for a manufacturing company, including a master budget, flexible budget, variance analysis, and performance evaluation.
  • Comprehensive Problem for Chapters 25-26. Covers decision making, both short-term business decisions and capital budgeting decisions.


Also available with MyAccountingLab®

MyAccountingLab is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.

  • Enhanced eText: The Enhance eText keeps students engaged in learning on their own time, while helping them achieve greater conceptual understanding of course material. The worked examples bring learning to life, and algorithmic practice allows students to apply the very concepts they are reading about. Combining resources that illuminate content with accessible self-assessment, MyAccounting Lab with Enhanced eText provides students with a complete digital learning experience–all in one place.
    • Try It! Solution Videos are author recorded solution videos that accompany all Try Its! Just click on the Try It! box and watch the author walk you through the problem and the solution.
    •  Interactive Exhibits allow students to engage with key exhibits within the enhanced eText. Students can work with journal entries, modify an exhibit’s data to see the resulting impact and effects, or watch a video explanation of key concepts.
  • Accounting Cycle Tutorial– MyAccountingLab’s new interactive tutorial helps students master the Accounting Cycle for early and continued success in the introduction to Accounting course. The tutorial, accessed by computer, Smartphone or tablet, provides students with brief explanations of each concept of the Accounting Cycle through engaging videos and/or animations. Students are immediately assessed on their understanding and their performance is scored into the MyAccountingLab grade book. Whether the Accounting Cycle Tutorial is used as a remediation self-study tool or course assignment, students have yet another resource within MyAccountingLab to help them nail the accounting cycle.
  • Learning Catalytics™ is an interactive, student response tool that uses students’ smartphones, tablets, or laptops to engage them in more sophisticated tasks and thinking. Now included with MyAccountingLab with eText, Learning Catalytics enables you to generate classroom discussion, guide your lecture, and promote peer-to-peer learning with real-time analytics. Instructors, you can:
    • Pose a variety of questions that help your students develop critical thinking skills
    • Monitor responses to find out where students are struggling
    • Use real-time data to adjust your instructional strategy and try other ways of engaging your students during class
    • Manage student interactions by automatically grouping students for discussion, teamwork, and peer-to-peer learning
  • Animated Lecture Videos–this pre-class learning aid, available for every learning objective, is a professor narrated PowerPoint summary to help prepare students.

1. Accounting and the Business Environment

2. Recording Business Transactions

3. The Adjusting Process

4. Completing the Accounting Cycle

5. Merchandising Operations

6. Merchandise Inventory

7. Internal Control and Cash

8. Receivables

9. Plant Assets, Natural Resources, and Intangibles

10. Investments

11. Current Liabilities and Payroll

12. Long-Term Liabilities

13. Stockholders’ Equity

14. The Statement of Cash Flows

15. Financial Statement Analysis

16. Introduction to Managerial Accounting

17. Job Order Costing

18. Process Costing

19. Cost Management Systems: Activity-Based, Just-In-Time, and Quality Management Systems

20. Cost-Volume-Profit Analysis

21. Variable Costing

22. Master Budgets

23. Flexible Budgets and Standard Cost Systems

24. Responsibility Accounting and Performance Evaluation

25. Short-Term Business Decisions

26. Capital Investment Decisions


Appendix A: 2013 Green Mountain Coffee Roasters, Inc. Annual Report

Appendix B: Present Value Tables

Appendix C: Accounting Information Systems

Glossary

Index

Photo Credits


Tracie L. Miller-Nobles

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. Previously she served as a Senior Lecturer at Texas State University, San Marcos, TX, and has served as department chair of the Accounting, Business, Computer Information Systems, and Marketing/Management department at Aims Community College, Greeley, CO. In addition, 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. She is a member of the Teachers of Accounting at Two Year Colleges, the American Accounting Association, the American Institute of Certified Public Accountants, and the Texas State Society of Certified Public Accountants. She is currently serving on the Board of Directors as secretary/webmaster of Teachers of Accounting at Two Year Colleges, as a member of the American Institute of Certified Public Accountants nominations committee, and as chair of the Texas Society of CPAs Relations with Education Institutions committee. In addition, Tracie served on the Commission on Accounting Higher Education: Pathways to a Profession.

Tracie has spoken on such topics as using technology in the classroom, motivating non-business majors to learn accounting, and incorporating active learning in the classroom at numerous conferences. In her spare time she enjoys spending time with her friends and family and camping, kayaking, and quilting.

Brenda L. Mattison

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. Brenda previously served as Accounting Program Coordinator at TCTC and has prior experience teaching accounting at Robeson Community College, Lumberton, North Carolina; University of South Carolina Upstate, Spartanburg, South Carolina; and Rasmussen Business College, Eagan, Minnesota. She also has accounting work experience in retail and manufacturing businesses.

Brenda is a member of Teachers of Accounting at Two Year Colleges and the American Accounting Association. She is currently serving on the board of directors as Vice President of Conference Administration of Teachers of Accounting at Two Year Colleges. 

Brenda previously served as Faculty Fellow at Tri-County Technical College. 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. She is also an active volunteer in the community, serving her church and other organizations.

Ella Mae Matsumura

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 univers

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