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Introduction to Accounting and EBiz Package
Kumen H. JonesArizona State University
Michael L. WernerUniversity of Miami
Katherene P. TerrellUniversity of Central Oklahoma
Robert L. TerrellUniversity of Central Oklahoma

ISBN-10: 0130556009
ISBN-13:  9780130556004

Publisher:  Prentice Hall
Copyright:  2001
Format:  Cloth Package
Published:  07/05/2000
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Description

For Accounting Principles, Survey of Accounting, and 50/50 courses.

This introduction to accounting and its significant role in making sound business decisions teaches students how to be wise users, not necessarily preparers of accounting information—a strong user-based approach that's endorsed and supported by the AECC. The authors present accounting information in a broader business context—emphasizing what accounting information is, why it is important, and how it is used to make strategic economic decisions—coverage of financial and management accounting included.


Features

  • Complete full-year accounting sequence—3 text versions offer split or combined introductory text/supplement programs for Survey of Accounting, Financial Accounting, Managerial Accounting, or Accounting Principles.
    • Offers instructors the flexibility to teach these courses in splits or use the combined text for a single 50/50 course.
  • User-driven approach—Approaches accounting from the perspective of the user rather than the preparer.
    • Shows students how accounting information can be used to make better business decisions so that they see the immediate relevance and application of accounting concepts.
  • Application of accounting information—Covers the reading and preparation of financial statements, then reaches beyond these skills to develop a deep understanding of the articulation between financial statements and business evaluation.
    • Provides students with skills they can transfer into any career, rather than just accounting.
  • 12 chapters cover financial accounting topics and 10 chapters cover management accounting topics.
    • Complete coverage of financial and management accounting topics allow use in a full, one year course.
  • Optional chapter 7 on Accumulating Accounting Data—Brief optional coverage of accounting procedures (debits/credits) starts with chapter 7 and continues with optional end-of-chapter appendices.
    • Offers instructors the option to introduce accounting procedures and the accounting cycle or omit this coverage without disrupting the flow of the text.
  • Gap Inc. annual report included—Shows students how to understand and use the information contained in GAP annual report.
    • Guides students through ongoing annual report projects asking them to read, research, question, and analyze data; grabs and maintains students' interest by spotlighting real information about real companies.
  • Three categories of Assignments:
    —Continuous Annual Report Project in eleven chapters.
    —Financial Reporting Cycles (linked to Internet) in eleven chapters.
    —Accounting Cycle Cases (linked to the Prentice Hall General Ledger software on the Companion Website) in Chapter 7.
  • Discussion Questions—Cultivates critical-thinking and decision-making skills by fully incorporating a number of discussion questions within chapter discussion.
    • Provides instructors with an array of questions that can be used in variety of ways—as classroom discussions, short written assignments, cooperative activities, and more.
  • Financial Reporting Cases—Encourages students to use the Internet and PHLIP website to link to real businesses and explore their financial statements.
    • Cultivates the reality-based, interactive learning environment in which today's students thrive.
  • Review the Facts—Offers basic definitional questions that review the key points of each chapter.
    • Serves to both challenge and reinforce students' understanding of essential concepts.
  • Other pedagogical devices—Learning objectives, marginal glossaries, chapter summaries, key term sections, application assignments, and more.
    • Enhances student learning by providing frequent opportunities to set goals, reference new material, review difficult concepts, and practice recently acquired skills.
  • Werner/Price/Jones Accounting Procedures: The Recording Process (0-13-229022-7).
    • Allows instructors to integrate accounting procedures alongside the text or in a separate course or computer lab. Allows students to either flow smoothly through each chapter without interruption or take skill building breaks at appropriate points.


Table of Contents

F1. Introduction To Business In The United States.
F2. Economic Decision Making.
F3. The Balance Sheet: Initial Financing—Investments by Owners.
F4. The Balance Sheet (Continued): Additional Financing—Borrowing from Others.
F5. Income Statement and Statement of Owners' Equity.
F6. Keeping Score: Bases of Economic Measurement.
F7. Accumulating Accounting Data.
F8. Challenging Issues Under Accrual Accounting: Long-Lived Depreciable Assets—A Closer Look.
F9. Challenging Issues Under Accrual Accounting: Merchandise Inventory and Cost of Goods Sold.
F10. The Balance Sheet and Income Statement: A Closer Look.
F11. Tools of the Trade Part III The Statement of Cash Flows: Bringing the Focus Back to Cash.
F12. Financial Statement Analysis.
M1. Management Accounting: Its Environment and Future.
M2. Classifying Costs.
M3. Determining Costs of Products.
M4. Cost Behavior.
M5. Business Decisions Using Cost Behavior.
M6. Making Decisions Using Relevant Information.
M7. The Capital Budget: Evaluating Capital Expenditures.
M8. The Operating Budget.
M9. Standard Costing.
M10. Evaluating Performance.



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