This book is intended for an undergraduate or MBA level Financial Accounting course. It covers the standard topics in a standard sequence. This adapted edition is produced by the University of Minnesota Libraries Publishing. This adaptation has reformatted the original text, and replaced some images and figures to make the resulting whole more shareable.
Designed to appeal to both accounting and non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. Each chapter opens with a relatable real-life scenario for today’s college student. Thoughtfully designed examples are presented throughout each chapter, allowing students to build on emerging accounting knowledge. Concepts are further reinforced through applicable connections to more detailed business processes. Students are immersed in the “why” as well as the “how” aspects of accounting in order to reinforce concepts and promote comprehension over rote memorization.
by Christine Jonick, University of North Georgia.
Peer reviewed by academic professionals and tested by students; over 100 charts and graphs; instructional exercises appearing both in-text and for Excel;
resources for student professional development.
by Kurt Heisinger, Sierra College and Joe Hoyle, University of Richmond. This book adopts a concise, jargon-free approach with concise sections and concepts Key concepts are provided in short segments with bullet points and step-by-step instructions. Review problems at the end of every section.
Uses annual reports of real companies to illustrate many of the accounting concepts in use in business today.Roger H. Hermanson, Georgia State University
James D. Edwards, University of Georgia
Michael W. Maher, University of California at Davis
Analyze and record transactions
Prepare adjusting entries and explain the principles that guide these entries
Complete the accounting cycle
Evaluate and prepare financial statements including Single and Multi-step Income Statements, Classified Balance Sheets, and Statement of Changes in Owner’s Equity
Account for purchases and sales of merchandise including various inventory costing methods and valuation principles
Describe internal controls over cash transactions and complete bank reconciliations
Explain the nature, estimate, and statement presentation of accounts receivable and uncollectible accounts
Analyze and account for payroll liabilities
Serve businesses and stakeholders by applying accounting standards in order to make decisions and maintain integrity