Accounting is about decision
making using financial information. The text focuses on developing a student's the
ability to critically analyze accounting information and make informed business decisions.
Students are exposed to a lot of real-world examples where they can see the effect that
accounting information has on the decisions made by real companies. Also chapters are
split into basic and expanded material so that the professor can easily cover the basics
of a topic or, if he or she prefers, delve deeper into a selected topic. Finally, analysis
is incorporated throughout the text so that students can learn to use accounting
information as they learn how that information is prepared.
Benefits:
• NEW! New
Chapter! Chapter 5- Introduction to Financial Statement Analysis explains the purpose of
financial statement analysis, the relationship between financial statement numbers, and
the use of ratios in analyzing and describing a company's performance.
• Business Activities
Organization: This approach is taken to show accounting within the framework of how an
organization does its business rather then showing business complying with an accounting
framework. This gives students a more accurate framework to make understanding
accounting's role a easier to grasp and more realistic.
• Real Company
Financial Statements: An enhanced integration of real company financial statements and
real-world examples in every chapter gives students a clear picture of how to use
accounting information. Microsoft continues as the flagship company for this edition.
• Basic and Expanded
Material: Most chapters are divided into two parts. The first part includes material that
needs to be covered to understand essential accounting concepts, while the second part
features "expanded material" dealing with nonessential topics or additional
complexities to be covered at the instructor's discretion. This allows the ultimate
flexibility for instructors.
• "Competency
Enhancement Opportunities" (CEO) The CEO section, found in the end of chapter
materials, has students doing Deciphering Financial Statement exercises based on actual
company annual reports. CEO also includes: international cases, ethics cases, writing
assignments, to be completed individually or in group debates, a cumulative spreadsheet
project, and Internet search exercises.
• "Setting The
Stage": An interesting, real-life scenario sets the stage for each chapter. These
scenarios tie directly to materials covered in the chapter and help students relate
chapter topics to actual business happenings.
• Comprehensive
Problems: A comprehensive problem, integrating multiple issues and methods, is found at
the end of each part of the text.
• Cumulative
Spreadsheet Assignment: A cumulative spreadsheet assignment reinforces each chapter's
topics and is included in the end of chapter material.
• Personal Money
Manager CD-ROM: This CD Rom helps students make the connection between what they learn in
accounting and how it can assist them in making better personal financial decisions.
• Discussion Cases:
Discussion cases that encourage classroom discussion of real-world business situations
have been added.
• Summaries: Several
concise summaries are presented within each chapter to help students remember the
important points just discussed, and each chapter concludes with a comprehensive summary,
organized by learning objectives.
• NEW! Practice
Exercises - Approximately 20 short exercises per chapter that usually cover a single
topic. These can be used in the classroom or assigned to students to complete prior to the
lecture on that topic.
• Business
Environment Essay: This feature, written by the authors, enables students to see how the
accounting topics they are studying are applied and interpreted in real-world
situations-this is very helpful for future business managers.
• Focus on Global
Economy: To help students develop this global perspective, many international examples are
provided throughout the text. In addition, there is at least one International Case
provided at the end of each chapter.
• NEW! Judgment
Calls- You Decide: These new end-of-chapter exercises have been added to promote critical
thinking and analytical skills, skills necessary in this new accounting environment.
• NEW! New
module on 'earnings management' and a new module on the Sarbanes-Oxley Act in Chapter 6.
• NEW! Many New
and Rewritten Exercises and Problems-Many current exercises and problems have been
rewritten, and a number of new exercises and problems have been added.
• NEW! New!
Module on Consolidated Financial Statements in Chapter 13.
• NEW! Significant
restructuring of chapters focuses the text and makes it more approachable for the student.
• NEW! New!
Personal Trainer 3.0- Complete homework online and receive immediate feedback! Using
Personal Trainer 3.0, students can complete all of the end-of-chapter assignment material,
receive scoring feedback, and have scores extend into a grade book for the instructor.
Algorithmically based problems are also included for each chapter as well as hints to get
students working in the right direction.
• NEW! WebTutor
Advantage- This edition offers the extremely successful WebTutor Advantage on WebCT
and Blackboard. Instructors enjoy turnkey solutions to their Web-assisted or distance
learning needs while students receive extra reinforcements from a variety of innovative
features, including online quizzing, problems demonstrations, applications based video
clips, interactive games, Spanish dictionary and more!
768 pages