Ideal for first-year
accounting courses, this market dominating text presents balanced coverage of both
financial and managerial topics. In this text, the authors refine their proven approach to
accounting's expanding role in business. This text uses the preparation of financial
statements as the framework for understanding what accounting is all about.
Benefits:
• Reporting and
Analysis: Financial Reporting and Disclosure or Managerial Disclosure and Analysis boxes
in each chapter describe a real company's financial or managerial reports and analyses.
• Financial Analysis
and Interpretation: At the end of each financial chapter, a section describes an important
element of financial analysis to help students understand the information in financial
statements and how that information is used.
• Critical-Thinking
and Decision-Making Activities: Students need to develop analytical abilities, not just
memorize rules. These activities focus on understanding and solving issues. Some are
presented as dialogues - a conversation in which students can "observe" and
"participate" when they respond to the issue being discussed.
• Team Building:
Group Learning Activities let students learn accounting and business concepts while
building teamwork skills.
• Communications
Items: These activities help students develop communication skills that will be essential
on the job, regardless of the fields they pursue.
• Questions &
Answers in the margin of the text help students check whether they understand what they've
just read.
• "Points of
Interest": These margin notes offer insight into subjects of special interest to
students, such as careers and current events.
• "Real World
Notes": J.C. Penney Co. and General Electric are just a couple of the familiar
examples that provide a close-up look at how accounting operates in the marketplace. These
examples are highlighted in the margin of the text.
• "What Do You
Think?": These exercises and activities let students speculate about the real-world
effects of newly learned material.
• "What's Wrong
With This?": These innovative exercises challenge students to analyze and discover
what is wrong with a financial statement, a report, or a management decision.
• Mid-chapter
Summaries: Margin notes within each chapter bring special attention to important points.
• "Who Am
I?": Each chapter includes a "Motley Fool" box with intriguing clues about
a real company. Students are challenged to identify the company and check their answer
against the answer provided later in the chapter.
• Self-Examination
Questions: Consist of five multiple choice questions, with answers at the end of the
chapter, to help students review and retain chapter concepts.
• Exercises: An
average of 25 completely revised exercises at the end of each chapter - more than any
other text on the market - can be assigned or used as examples in the classroom. Most of
these exercises focus on only one specific chapter objective.
• Problems: Each
chapter includes two full sets of completely revised problems for use as classroom
illustrations, for assignments, for alternate assignments, or for independent studying.
This edition features shortened problems to provide better focus on key chapter topics.
• Comprehensive
Problems: At the end of Chs. 4, 5, 10, and 13, cumulative learning applications integrate
and summarize the concepts of several chapters to test students' comprehension.
• "Integrity in
Business": Boxes in each chapter describe real-world situations in which ethics, or
the lack there-of, play an important role in business decision-making and financial
results.
• "Spotlight on
Strategy": Boxes at the end of each chapter utilize real business scenarios to
illustrate the effects and importance of strategies for managers.
• Technology-Assisted
Learning: Warren/Reeve/Fess features a technology-based system that provides teaching and
learning solutions in an interactive environment. The learning system consists of three
elements: Web Tutor Advantage (on WebCT, Blackboard and non-platformspecific), Personal
Trainer and the Product Web Site. Internet Activities launch students into
accounting-related areas of the Worldwide Web's ever-expanding universe.
• Continuing Case
Study: A fictitious dot.com company, NetSolutions, is followed throughout Chapters 1-5 as
the example company to demonstrate a variety of transactions. Continuing Problem: Chapters
1-4 have a continuing problem. The continuing problem provides a great opportunity for
students to practice what they've learned and use the Power Accounting System Software
(P.A.S.S.), formerly General Ledger Software, with the problem. As the students study each
step of the accounting cycle, they can follow a single company - Dancin Music- from its
transactions to the effect of those transactions on its financial statements.
• Illustrative
Problem and Solution: A solved problem models one or more of a chapter's assignment
problems, helping students make the most of the chapter and end-of-chapter materials.
• Relevant Chapter
Openers: The beginning of each chapter connects the student's own experiences to the
chapter's topic. This tangible link is a great motivator.
• "Business
Transactions": In Chapters 1 and 2, students are introduced to business transactions
through non-business events that help them better understand the nature of transactions.
1246 pages