For Principles of Accounting courses

The Demo Docs System of instruction replicates the classroom experience by providing more “I get it” moments outside of class.

We’ve talked to tons of POA instructors and our editors have even taken the accounting course (numerous times!) to figure out the following issue in this course that is consistent:  Students understand (or “get it”) right after you do a problem in class, but as soon as they leave class, with each passing hour, their ability to do the problems again and complete their homework diminishes to the point of them either having to come to office hours to get help, or they just quit and get behind in the course.  On top of this, you can end up getting behind in the course as well, in order to keep everyone on track.  The Demo Docs system helps to recreate the “I get it” moments outside of class-- keeping both you and the students on track.

Do you agree that your students seem to “get it” when they are in class while YOU are delivering lecture…but have trouble achieving that “I get it” state again after class?  How do you help your students recall your lectures when they are outside of class and you are not with them?

In-Chapter Demo Docs are entire problems worked in a step-by-step fashion that wrap up every chapter in Principles of Accounting 1e and sit right before the extensive end-of-chapter material to help students recreate those “I get it” moments that before only you could provide. 

• The Demo Docs are purposely written with a very conversational tone to give students the feel of having you, their instructor, over their shoulder helping them complete the exercise.
• pg.xx

• The Flash Demo Docs are an exceptional way to simulate a live tutor assisting with homework completion.
• See the Flash Demo Docs and pages of the Study Guide

• MyAccountingLab is exceptional technology that will not only help the students have more “I get it” moments, but it will also help you, the instructor, save time with auto-grading.
• See the MyAccountingLab demo chapter

• Pg. XX

• Page XX

• See Page XX in the TIF vs. XX in the text and XX in the SG

• See Instructor Demo Docs

This text is available for personalization in the PHCBR custom database program.  Select only the chapters you require or supplement with recommended case studies all under one cover.  CLICK HERE to go directly to the PHCBR book-build site or visit our product page for additional information at pearsoncustom.com/business.

Chapter 1    Accounting and the Business Environment
Vignette: Turning Your Dreams into Business
Business Organizations
    Types of Businesses
    Forms of Business Organizations
Accounting and Accountability
    Organization Accountability
    Financial Accounting and Management Accounting
Accounting Concepts and Principles
    The Entity Concept
    The Reliability (Objectivity) Principle
    The Cost Principle
    The Going-Concern Concept
The Accounting Equation
    Assets, Liabilities, and Owner’s Equity
    Components of Owner’s Equity
    Accounting for Business Transactions
    Evaluating Business Transactions
Financial Statements
    The Income Statement
    The Statement of Owner’s Equity
    The Balance Sheet
    The Statement of Cash Flows
Relationships Among the Financial Statements
Ethical Decision Making
    Ethics in Accounting and Business
    Standards of Professional Conduct
Accounting in Action
Review
Word Power
Quick Check
Accounting Practice
Short Exercises
Exercises
Problems
Be on Guard Case #1
Be on Guard Case #2
Know Your Business
Quick Check Solutions

Chapter 2    Recording Business Transactions
Vignette: Shopping for Your Future
Process of Recording and Summarizing Business Transactions
    Transactions
    Accounts
    Assets
    Liabilities
    Owner’s Equity
    Chart of Accounts
Double Entry Accounting
    Rules of Debits and Credits
    T-Account
    Normal Balance
Recording and Summarizing Business Transactions
    The Transaction Analysis
    Applying Transaction Analysis
    Balancing the Accounts
    Details of Journals and Ledgers
    Posting
    Four-Column Account
Trial Balance
    Trial Balance Errors
    Using the Trial to Prepare Financial Statements
Accounting in Action
Review
Word Power
Quick Check
Accounting Practice
Short Exercises
Exercises
Problems
Be on Guard Case #1
Be on Guard Case #2
Know Your Business
Quick Check Solutions

Chapter 3    The Adjusting Process
Vignette: Adjusting to Reality
Measuring Business Income Using Accounting Principles
Types of Adjusting Entries
Adjusting the Accounts
    Deferrals
    Accruals
Summary of the Adjusting Process
The Adjusted Trial Balance
Preparing the Financial Statements
Relationships Among the Financial Statements
Accounting in Action
Review
Word Power
Quick Check
Accounting Practice
Short Exercises
Exercises
Problems
Be on Guard Case #1
Be on Guard Case #2
Know Your Business
Quick Check Solutions

Chapter 4    Completing the Accounting Cycle
Vignette: Scoring the Game
The Accounting Cycle
The Worksheet
Completing the Accounting Cycle
    Preparing the Financial Statements
    Recording the Adjusting Entries
Closing the Accounts
    The Four Closing Entries
    Post-Closing Trial Balance
Classifying Assets and Liabilities
    Assets
    Liabilities
    A Classified Balance Sheet
Accounting in Action
Review
Word Power
Quick Check
Accounting Practice
Short Exercises
Exercises
Problems
Be on Guard Case #1
Be on Guard Case #2
Know Your Business
Quick Check Solutions

Chapter 5    Accounting for a Retail Business
Vignette: Catching the Wave
The Supply Chain
The Supplier/Retailer Relationship
Retail Inventory Systems
The Retailer/Customer Relationship
Accounting for the Supplier/Retailer Relationship
    Cash and Credit Purchases
    Purchase Discounts
    Purchase Returns and Allowances
Accounting for the Retailer/Customer Relationship
    Cash Sales
    Credit Sales
Sales Discounts to Other Businesses – The Supplier’s Perspective
Sales Returns and Allowances
Accounting for Delivery and Other Selling Expenses
    Costs to Receive Goods from Suppliers
    Cost to Deliver Goods to Customers
    Other Selling Costs
Preparing a Retailer’s Financial Statements
    Income Statement
    Statement of Owner’s Equity
    Balance Sheet
Two Key Ratios for Decision Making
    The Gross Profit Percentage
    The Rate of Inventory Turnover
Accounting in Action
Review
Word Power
Quick Check
Accounting Practice
Short Exercises
Exercises
Problems
Be on Guard Case #1
Be on Guard Case #2
Know Your Business
Quick Check Solutions

Chapter 6    Internal Control and Cash
Vignette: Protecting Yourself
Fraud in Business
    The Fraud Triangle
    Fraud
Organization Accountability for Fraud
    Objectives of Internal Control
    Control Activities
    Accountability for Internal Control
    Limitations of Internal Control
Internal Control For Cash
    Internal Control over Cash Receipts
    Internal Control over Cash Payments
    The Bank Account
    Preparing the Bank Reconciliation
    Online Banking
Petty Cash
    Setting Up the Petty Cash Fund
    Replenishing the Petty Cash Fund
    Changing the Petty Cash Fund
Reporting Cash on the Balance Sheet
Accounting in Action
Review
Word Power
Quick Check
Accounting Practice
Short Exercises
Exercises
Problems
Be on Guard Case #1
Be on Guard Case #2
Know Your Business
Quick Check Solutions

Chapter 7     Receivables
Vignette: Throwing the Credit Net
Sales and Receivables
    Types of Sales
    Types of Receivables
    Internal Control Over Receivables
    Managing the Collection of Receivables
The Direct Write-Off Method
The Allowance Method
    Estimating Uncollectibles
Notes Receivables
    Overview
    Accounting for Notes Receivable
    Accruing Interest Revenue
    Dishonred Notes Receivable
More Ratios for Decision Making
    Quick Ratio
    Days’ Sales in Receivables
Accounting in Action
Review
Word Power
Quick Check
Accounting Practice
Short Exercises
Exercises
Problems
Be on Guard Case #1
Be on Guard Case #2
Know Your Business
Quick Check Solutions

Chapter 8     Inventory
Vignette: Managing the Goods
Inventory
    Types of Inventory
    Inventory Shrinkage
    Internal Controls over Inventory
Inventory Costing Methods
    Inventory Cost Flows
    First-in, First-Out (FIFO) Method
    Last-In, First-Out (LIFO) Method
    Average Cost Method
    Journalizing Inventory Transactions   
Comparing FIFO, LIFO, and Average Cost
Valuing Inventory Using Lower-of-Cost-or-Market (LCM)
Reporting Inventory on the Balance Sheet
    Financial Statement Presentation of Inventory
    Effects of Inventory Errors
Using the Gross Profit Method to Estimate Ending Inventory
Accounting in Action
Review
Word Power
Quick Check
Accounting Practice
Short Exercises
Exercises
Problems
Be on Guard Case #1
Be on Guard Case #2
Know Your Business
Quick Check Solutions

Chapter 9    Long-Term Assets: Plant Assets and Intangibles 
Vignette: Making Assets Work
Long-Term Assets
Measuring the Cost of Plant Assets
    Land and Land Improvements
    Building, Equipment, Machinery, Furniture, and Fixtures
    A Lump-Sum (Basket) Purchase of Assets
    Capital Expenditures
Measuring Plant Asset Depreciation
    Depreciation Methods
    Comparing Depreciation Methods
    Other Issues in Accounting for Plant Assets
Disposing of a Plant Asset
    Selling a Plant Asset
    Exchanging Plant Assets
    Retiring a Plant Asset
Accounting for Natural Resources
Accounting for Intangible Assets
    Patents
    Copyrights
    Trademarks and Brand Names
    Franchises and Licenses
    Goodwill
Presenting Long-Term Assets on the Balance Sheet
Accounting in Action
Review
Word Power
Quick Check
Accounting Practice
Short Exercises
Exercises
Problems
Be on Guard Case #1
Be on Guard Case #2
Know Your Business
Quick Check Solutions

Chapter 10    Current Liabilities and Payroll
Vignette: Taking Money to Make Money
Current Liabilities of Known Amount
    Accounts Payable
    Short-Term Notes Payable and Interest Payable
    Sales Tax Payable
    Current Portion of Long-Term Notes Payable
    Accrued Expenses
    Unearned Revenues
Estimated and Contingent Liabilities
    Estimated Warranty Payable
    Contingent Liabilities   
More Ratios for Decision Making
Accounting for Payroll
    Gross Pay and Net Pay
    Employee Payroll Deductions   
    Employer Payroll Taxes
    Other Payroll Considerations
The Payroll Process
    Payroll Register
    Payroll Checks
    Employee Earnings Record
    Internal Control over Payroll
Payroll Entries
    Record Employee Compensation
    Record Employer Payroll Taxes and Contributions to Employee Benefits
    Record Payments of Compensation, Taxes, and Benefits
Reporting Payroll Expenses and Liabilities
Accounting in Action
Review
Word Power
Quick Check
Accounting Practice
Short Exercises
Exercises
Problems
Be on Guard Case #1
Be on Guard Case #2
Know Your Business
Quick Check Solutions

Chapter 11    Corporations and Stockholders’ Equity
Vignette: Incorporating a Great Idea
Forms of Business Organizations
Corporations: An Overview
    Organizing a Corporation
    Stockholders’ Equity
    Classes of Stocks
Issuing Stock
    Issuing Common Stock
    Issuing Preferred Stock
Accounting for Cash Dividends
    Dividend Dates
    Dividends on Preferred and Common Stock
    Dividends on Cumulative and Noncumulative Preferred Stock       
Stock Dividends and Stock Splits
    Stock Dividend
    Stock Splits
    Comparison of Cash Dividends, Stock Dividends, and Stock Splits
Treasury Stock
    Purchase of Treasury Stock
    Sale of Treasury Stock
Reporting Stockholders’ Equity
    Stockholders’ Equity Section of the Balance Sheet
    Statement of Stockholders’ Equity
Accounting in Action
Review
Word Power
Quick Check
Accounting Practice
Short Exercises
Exercises
Problems
Be on Guard Case #1
Be on Guard Case #2
Know Your Business
Quick Check Solutions

Chapter 12    Long-term Liabilities
Vignette: Funding for Financial Fitness
Long-Term Liabilities: Mortgages and Leases
    Mortgage Notes Payable
    Lease Liabilities
Bonds Payable
    Types of Bonds
    Present Value
    Bond Interest Rates
Bond Prices
Issuing Bonds Payable and Paying Interest
    Issuing Bonds Payable at Maturity Value
    Issuing Bonds Payable at a Discount
    Issuing Bonds Payable at a Premium
    Adjusting Entries for Interest Expense
Retirement of Bonds
    Redeeming Bonds at Maturity
    Early Retirement of Bonds Payable
Reporting Liabilities on the Balance Sheet
Accounting in Action
Review
Word Power
Quick Check
Accounting Practice
Short Exercises
Exercises
Problems
Be on Guard Case #1
Be on Guard Case #2
Know Your Business
Quick Check Solutions

Chapter 13    The Statement of Cash Flows
Vignette: Cashing in for Business Success
Basic Concepts: Statement of Cash Flows
Operating, Investing, and Financing Activities
    Two Formats for Operating Activities
    Noncash Investing and Financing Activities
Preparing the Statement of Cash Flows by the Indirect Method
    Cash Flows from Operating Activities
    Cash Flows from Investing Activities
    Cash Flows from Financing Activities
    NonCash Investing and Financing Activities
Preparing the Statement of Cash Flows by the Direct Method
    Cash Flows from Operating Activities
Accounting in Action
Review
Word Power
Quick Check
Accounting Practice
Short Exercises
Exercises
Problems
Be on Guard Case #1
Be on Guard Case #2
Know Your Business
Quick Check Solutions

Chapter 14    Financial Statement Analysis   
Vignette: Sorting Out Investment Choices
Purpose of Financial Statement Analysis
Horizontal Analysis
    Trend Percentages
Vertical Analysis
    How Do We Compare One Company with Another?
Using Ratios to Make Decisions
    Liquidity Ratios
    Profitability Ratios
    Asset Utilization
    Debt Utilization
    Analyzing Stock Investments
Economic Value Added
Analyzing Nonfinancial Data
Accounting in Action
Review
Word Power
Quick Check
Accounting Practice
Short Exercises
Exercises
Problems
Be on Guard Case #1
Be on Guard Case #2
Know Your Business
Quick Check Solutions

Chapter 15    Introduction to Management Accounting 
Vignette: Joe’s Delivery Service, Maria’s Birthday Cakes,  Roberto’s Bakery
Management Accountability
Today’s Business Environment
Service Companies
Merchandising Companies
Manufacturing Companies
Accounting in Action
Review
Word Power
Quick Check
Accounting Practice
Short Exercises
Exercises
Problems
Be on Guard Case #1
Be on Guard Case #2
Know Your Business
Quick Check Solutions

Chapter 16    Job Order Costing
Vignette: Seasons Greetings 
How Much Does It Cost to Make a Product? Two Approaches 
Job Order Costing for Manufacturing Products
Job Order Costing: Accounting for Material and Labor
Accounting for Materials 
Accounting.com: Beyond the Bar Code: Radio Frequency Identification Systems 
Accounting for Labor 
Job Order Costing: Allocating Manufacturing Overhead 
Allocating Manufacturing Overhead to Jobs 
Accounting for Completion and Sale of Finished Goods and Adjusting Manufacturing Overhead 
Accounting for the Competition and Sale of Finished Goods 
Adjusting Underallocated or Overallocated Manufacturing Overhead at the End of the Period
Overview of Job Costing in a Manufacturing Company 
Job Order Costing in a Service Copany
Accounting in Action
Review
Word Power
Quick Check
Accounting Practice
Short Exercises
Exercises
Problems
Be on Guard Case #1
Be on Guard Case #2
Know Your Business
Quick Check Solutions

Chapter 17    Process Costing 
Vignette: Puzzle Me
Process Costing: An Overview 
Two Basic Costing Systems: Job Order Costing and Process Costing
How Does the Flow of Costs Differ Between Job and Process Costing? 
Building Blocks of Process Costing 
Conversion Costs 
Equivalent Units 
Process Costing in First Department with No Beginning Inventory
Illustrating Process Costing 
Step 1: Summarize the Flow of Physical Units 
Step 2: Compute Output in Terms of Equivalent Units 
Step 3: Summarize Total Costs to Account For 
Step 4: Compute the Cost per Equivalent Unit
Step 5: Assign Costs to Units Completed and to Units in Ending Work in Process Inventory 
Process Costing in a Second Department 
The Weighted-Average Process Costing Method 
Steps 1 and 2: Summarize the Flow of Physical Units
and Compute Output in Terms of Equivalent Units 
Steps 3: Summarize Total Costs to Account For and Compute the Cost per Equivalent Unit 
Step 4: Assign Total Cost to Units Completed and to Units in Ending Work in Process Inventory 
How Managers Use a Production Cost Report 
Accounting in Action
Review
Word Power
Quick Check
Accounting Practice
Short Exercises
Exercises
Problems
Be on Guard Case #1
Be on Guard Case #2
Know Your Business
Quick Check Solutions

Chapter 18    Cost-Volume-Profit Analysis 
Vignette: Mi Tierra Driving School
Cost Behavior
Variable Costs 
Fixed Costs
Mixed Costs 
High-Low Method
Relevant Range 
Basic CVP Analysis: What Must We Sell to Break Even? 
Assumptions 
How Much Must We Sell to Break Even? Three Approaches
Using CVP to Plan Profits 
How Much Must We Sell to Earn a Profit?
Graphing Cost-Volume-Profit Relations
Using CVP for Sensitivity Analysis 
Changing the Sale Price 
Changing Variable Costs
Changing Fixed Costs
Margin of Safety 
Information Technology and Sensitivity Analysis 
Effects of Sales Mix on CVP Analysis
Accounting in Action
Review
Word Power
Quick Check
Accounting Practice
Short Exercises
Exercises
Problems
Be on Guard Case #1
Be on Guard Case #2
Know Your Business
Quick Check Solutions

Chapter 19    The Master Budget and Responsibility Accounting 
Vignette: Pete’s Pet Shop
Why Managers Use Budgets 
Using Budgets to Plan and Control
The Benefits of Budgeting 
Preparing the Master Budget 
Components of the Master Budget 
Preparing the Operating Budget 
The Sales Budget 
The Inventory, Purchases, and Cost of Goods Sold Budget
The Operating Expenses Budget 
The Budgeted Income Statement 
Preparing the Financial Budget 
Preparing the Cash Budget 
The Budgeted Balance Sheet 
Getting Employees to Accept the Budget 
Using Information Technology for Sensitivity Analysis and Rolling Up Unit Budgets 
Sensitivity Analysis 
Rolling Up Individual Unit Budgets into the Companywide Budget 
Responsibility Accounting 
Four Types of Responsibility Centers 
Responsibility Accounting Performance Reports 
Accounting in Action
Review
Word Power
Quick Check
Accounting Practice
Short Exercises
Exercises
Problems
Be on Guard Case #1
Be on Guard Case #2
Know Your Business
Quick Check Solutions

Chapter 20    Flexible Budgets and Standard Costs 
Vignette: How Managers Use Flexible Budgets
What is a Flexible Budget? 
Standard Costing 
Price Standards 
Quantity Standards 
Why Do Companies Use Standard Costs? 
Variance Analysis
Analyzing the Flexible Budget Variance: How Pluto Uses Standard Costing:
Direct Material Variances 
Direct Labor Variances 
Manufacturing Overhead Variances 
Allocating Overhead in a Standard Cost System 
Overhead Flexible Budget Variance 
Production Volume Variance 
Summary of Overhead Variances
Standard Cost Accounting Systems 
Journal Entries 
Standard Cost Income Statement for Management 
Accounting in Action
Review
Word Power
Quick Check
Accounting Practice
Short Exercises
Exercises
Problems
Be on Guard Case #1
Be on Guard Case #2
Know Your Business
Quick Check Solutions

Chapter 21    Special Business Decisions and Capital Budgeting 
Vignette:
Relevant Information 
How Managers Make Decisions 
What Information Is Relevant to a Special Business Decision? 
How to Make Short-Term Special Decisions 
Special Sales Order Decision 
Dropping a Business Segment (A Product, A Department, A Territory)
Product Mix—Which Product to Emphasize? 
Outsourcing (Make or Buy) Decisions
Sell As Is or Process Further?
How Do Short-Term and Long-Term Special Decisions Differ? 
Using Payback and Accounting Rate of Return to Make Capital Budgeting Decisions 
Payback Period 
Accounting Rate of Return 
Using Discounted Cash-Flow Models to Make Capital Budgeting Decisions 
Net Present Value 
Internal Rate of Return 
Comparing Capital Budgeting Methods
Accounting in Action
Review
Word Power
Quick Check
Accounting Practice
Short Exercises
Exercises
Problems
Be on Guard Case #1
Be on Guard Case #2
Know Your Business
Quick Check Solutions

Principles of Accounting I and II  [CORE TEXTS]   (Accounting & Taxation)

Meg Pollard is a Professor of Accounting at American River College in Sacramento, California.  She received her B.A. degree from UCLA in Economics-Business and her M.B.A. in Business Administration from California State University, Sacramento, graduating as the Outstanding Graduate Student of the Year with memberships in Phi Kappa Phi Honor Society and Beta Gamma Sigma Honor Society.

Professor Pollard began her career in accounting in the Audit Department of the Los Angeles office of Touche Ross & Co. and was employed as a Financial Analyst in the corporate headquarters of the Fortune 500 firm, Lear Siegler, Inc. Her industry experience has also included service as Director of Finance for a non-profit organization.   

Pollard is a Certified Public Accountant with an Active License in California and is a member of the California Society of Certified Public Accountants, CalCPA.  She is listed in both “Who’s Who Among Executive and Professional Women Educators” and “Who’s Who Among Americas Teachers.”

Professor Pollard has taught Fundamentals of College Accounting, Financial Accounting, Managerial Accounting, Intermediate Accounting, Payroll Accounting, Auditing, Computer Spreadsheet Applications for Accounting, Careers in Accounting, Concepts in Personal Finance, and Business Mathematics. She is co-founder and co-instructor of the Volunteer Income Tax Assistance (VITA) program at American River College, an Internal Revenue Service program in which student volunteers electronically prepare and file income tax returns for low-income individuals free of charge.

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A-1 Photography Practice Set - Manual Version, 3/E
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