Charles T. Horngren, Edmund W. Small field Professor Emeritus of accounting at Stanford University

C. Wilhelm Thomas, Baylor University

Wendy M Tietz, Kent State University


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ISBN-13: 9780134127620
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For introductory process in financial Accounting.

You are watching: Harrison, horngren & thomas, financial accounting, 11th edition, pearson.

 

A User-Focused Approach and Solid foundation in the construction and analysis of jae won Statements for use in Future Courses and also Careers

Financial Accounting provides readers a solid foundation in the fundamentals of accounting and the basics of jae won Statements, and also then builds upon that foundation to offer more advanced/challenging concepts and problems. This scaffolded technique helps college student to better understand the meaning and relationship of financial information, check out its relevance in ~ a real-world context, and also develop the an abilities needed to analyze financial details in both your course and also career.

 

While preserving hallmark functions of accuracy, readability, ease of understanding, and also a wealth of easily accessible algorithmic problems, the Eleventh Edition consists of updated explanations, coverage, and also ratio evaluation with decision-making guidelines. These latest methodologies and an innovation ensure that students learn an easy concepts in bookkeeping in a means that is relevant, stimulating, and fun, when exercises and also examples native real-world companies help students acquire a much better grasp the the food material.

MyAccountingLab is an online homework, tutorial, and assessment regime designed to work-related with this text to connect students and also improve results. In ~ its structured environment, students practice what lock learn, test your understanding, and pursue a personalized study plan that helps them far better absorb food material and also understand difficult concepts.

Students, if interested in to buy this title v MyAccountingLab, ask her instructor because that the correct package ISBN and Course ID. Instructors, call your stayinfiji.com representative for an ext information

About the Book Use Consistency, Repetition, and a High Level of Detail NEW! Scaffolding Approach: Chapter content and end-of-chapter material build from a basic, short exercise featuring one basic single concept, to more advanced problems featuring multiple learning objectives, encouraging practice and skill development among students. Core concepts and mechanics are brought together using consistent language, format, and formulas. Students also receive thorough explanations and details that show the meaning behind each concept and how to do the computation following it. So whether it’s the first transaction or the last, students perform the analysis in the same way, reinforcing their understanding, reducing the level of confusion and frustration, and helping them capture those “I get it!” moments. UPDATED! Illustrations of electronic bank statements (Chapter 4). Teach with Better Coverage of Accounting Concepts and Standards UPDATED! Accounting cycle is now covered in a more chronological sequence:Chapter 1 introduces the accounting cycle with a brief financial statement overview, using the financial statements of The Walt Disney Company. This first exposure to accounting explores financial statements in depth, familiarizes students with using real business data, and points out basic relationships between the different types of statements.Chapter 2 continues the discussion of the accounting cycle by explaining how to journalize, post, and summarize basic transactions, and builds in repetition to ensure that students understand the fundamentals when they prepare the trial balance.Chapter 3 concludes the discussion of the accounting cycle with adjusting and closing entries, and preparation of the related trial balances to close the loop for students.A User-oriented Approach focuses students’ attention on the meaning and relevance of information in financial statements by adding new ratios to assist in evaluating liquidity, turnover, and profitability.NEW! Coverage of AICPA’s Code of Professional Conduct includes the code’s principles, explaining CPA’s responsibility to act in the public’s interest, to have integrity and objectivity, and to exercise due professional care.   Excel Integration: Excel-based financial statements are included so that students can familiarize themselves with the accounting information format actually used in the business world.International Financial Reporting Standards (IFRS) coverage makes students aware of important issues. In order to increase student awareness of the most important potential shift in the future of financial accounting, information on IFRS is introduced in Chapter 1, can be found where appropriate throughout the chapters in the new Global View feature, and in an appendix. When students practice or complete their homework in MyAccountingLab, they will also be exposed to IFRS. Any time that IFRS could influence a decision, it’s highlighted and explained within MyAccountingLab.UPDATED! Up-to-the-minute coverage of the revised FASB accounting standard on revenue recognition, impacting accounting for sales returns and sales discounts, is included in Chapters 3, 5, and 11.Enhanced coverage of cash flows lets students understand how money is viewed. The current economy has created a shift in how we view money–specifically, cash. Cash flow is the lifeblood of any business so the coverage of Cash Flows in this edition has been increased and highlighted in Chapters 4-10, where students can easily see the connections and understand the significance.Fraud coverage is highlighted throughout the text. In an age of public scandals, understanding fraud is a key component of Financial Accounting. Chapter 4 includes the concept of fraud, and introduces students to the “fraud triangle” (motivation, opportunity, and rationalization) and  discusses internal controls as the primary way companies prevent fraud. UPDATED! The Days’ Sales Outstanding (DSO) ratio in Chapter 5 has been improved and made more consistent with the coverage of Days’ Inventory Outstanding (DIO) in Chapter 6 and Days’ Payable Outstanding (DPO) in Chapter 9.  UPDATED! Coverage of inventory and cost of goods sold in Chapter 6 has been updated using Under Armour, Inc., a company highly familiar to college students, and one whose details makes the study of inventory more interesting.NEW! Ethics coverage is a vital part of accounting. Sound ethical judgment is important for every major financial decision–which is why this text provides consistent ethical reinforcement in every chapter. Several sections of the text are dedicated to discussing potential ethical problems that can arise when dealing with the corresponding topic, and how they should be properly handled.Additional End-of-Chapter questions allow for short open response questions and/or discussion. These End-of-Chapter questions connect back to AICPA’s Code of Professional Conduct and the overall topic of ethics. Coverage on time value of money is incorporated into Chapter 8: Long-Term Investments, highlighting its importance in measuring fair value of certain long-term assets and liabilities.NEW! A self-contained section on straight-line amortization for bond premium or discount in Chapter 9 allows instructors to pick and choose what topics they want to cover. Reinforce Learning by Using Exercises “Try It” text boxes are now included in every chapter after relevant concepts, so that students can read them, try them, and practice them. Some chapters include “Try It in EXCEL,” which illustrates usage of EXCEL as a business problem-solving tool by describing line-by-line how to retrieve and prepare accounting information (such as adjusted trial balance worksheets, ratio computations, depreciation schedules, bond discount and premium amortization schedules, and financial statement analysis) in the program.A Mid-Chapter Summary Problem provides a stopping point for students; it gives them an opportunity to repeat the entire process again, using data from a different company, to make sure they’ve “got it.” An End-of-Chapter Summary Problem closes out the chapter and allows the student to practice the process again and really “nail” these fundamental skills.UPDATED! Short exercises, exercises, and problems are more clearly labeled by learning objectives (LO). Short exercises have been condensed and simplified in this edition to explain only one learning objective each (to better cover single concepts as illustrations or class exercises) while exercises cover two or three LOs and problems cover multiple LOs.Focus on Financials Cases  are based on the consolidated financial statements of Apple, Inc. and will help students develop the ability to use the financial statements of an actual company.NEW! A hypothetical Case Study in Chapter 4 introduces fraud concepts and how fraud can be prevented by internal control. This fictionalized case study is based on an actual company in Texas whose highly-trusted and loyal controller and his wife systematically stole $16 million over the space of 10 years by issuing company checks to pay off their personal credit card bills. UPDATED! A Focus on Analysis company, Under Armour, Inc. The author team developed relevant analytical problems using Under Armour’s financial information.UPDATED! Challenge Problems have been increased and added to every chapter, helping students develop higher-order critical thinking and problem-solving skills.Decision Guidelines present day-to-day business decisions and can be used as a summary in the end-of-chapter material where they highlight key terms, information, and formulas. The Decision Guidelines can also be used as a basis for students’ future business decisions. New Authorship UPDATED! New Author, Wendy M. Tietz is an associate professor for the Department of Accounting in the College of Business Administration at Kent State University, where she has taught since 2000. Prior to Kent State University, she was on the faculty at the University of Akron. She teaches in a variety of formats, including large, small, and web-based sections. Dr. Tietz is a co-author on stayinfiji.com's Managerial Accounting title with Karen Braun, and in addition, has been teaching and using Harrison and MyAccountingLab in her course for the last 5 years, making her the perfect addition to the Harrison author team! Also Available with MyAccountingLab®MyAccountingLab is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.NEW! Accounting Cycle Tutorial. MyAccountingLab’s new interactive tutorial helps students master the Accounting Cycle for early and continued success in the Introduction to Accounting Course. The tutorial, accessed by computer, smartphone, or tablet, provides students with brief, interactive activities covering each of the accounting cycle concepts. Using embedded assessments, student performance is scored and recorded in the MyAccountingLab Gradebook. Learn more at https://www.youtube.com/watch?v=fyHs9SjlqDo. NEW! Accounting in the Headlines. Spark interest and increase engagement in introductory accounting with relevant and real-life examples that speak to students. With the award-winning blog, Accounting in the Headlines, by Wendy Tietz, instructors can incorporate recent news articles featuring real companies and events into their course material to effectively illustrate introductory financial and managerial accounting concepts. Concise, tailorable, and updated on a weekly basis, these articles can be assigned through MyAccountingLab and Learning Catalytics. Instructors are provided with additional discussion questions, PowerPoint slides, and handout files, to support learning initiatives.eText 2.0. The stayinfiji.com eText gives students access to their textbook anytime, anywhere. In addition to note taking, highlighting, and bookmarking, the stayinfiji.com eText offers interactive and sharing features. Rich media options let students watch lecture and example videos as they read or do their homework. Instructors can share their comments or highlights, and students can add their own, creating a tight community of learners in your class. The stayinfiji.com eText companion app allows existing subscribers to access their titles on an iPad or Android tablet for either online or offline viewing. NEW! eText 2.0 for © 2017 titles Now available on smartphones and tablets.Seamlessly integrated videos and other rich media.Accessible (screen-reader ready).Configurable reading settings, including resizable type and night reading mode.Instructor and student note-taking, highlighting, bookmarking, and search. Try It exercises give students practice of accounting problems while accompanying videos guide students step-by-step through the solution to the problem. Offered only in MyAccountingLab.Learning Catalytics™. Generate class discussion, guide your lecture, and promote peer-to-peer learning with real-time analytics. MyAccountingLab & Mastering with eText now provides Learning Catalytics—an interactive student response tool that uses students’ smartphones, tablets, or laptops to engage them in more sophisticated tasks and thinking. Instructors, you can:Pose a variety of open-ended questions that help your students develop critical thinking skillsMonitor responses to find out where students are strugglingUse real-time data to adjust your instructional strategy and try other ways of engaging your students during classManage student interactions by automatically grouping students for discussion, teamwork, and peer-to-peer learning Worked Out Solutions provide step-by-step explanations of specific problems using the exact numbers and data that were presented, helping students understand how to arrive at the correct answers themselves. Real World Accounting Videos demonstrate course material in action, and show how accounting will apply to students’ future careers.  ">

Features


About the Book

Use Consistency, Repetition, and also a High Level of Detail

NEW! Scaffolding Approach: Chapter content and end-of-chapter material build from a basic, brief exercise special one basic single concept, to much more advanced troubles featuring multiple discovering objectives, encouraging practice and skill advance among students. Core concepts and mechanics are lugged together using continuous language, format, and also formulas. Students additionally receive thoroughly explanations and details that show the an interpretation behind every concept and also how to perform the computation following it. So whether it’s the first transaction or the last, students do the analysis in the exact same way, reinforcing their understanding, reducing the level that confusion and also frustration, and also helping them catch those “I get it!” moments. UPDATED! Illustrations of electronic bank statements (Chapter 4).

Teach with better Coverage of bookkeeping Concepts and Standards

UPDATED! accounting cycle is now covered in a much more chronological sequence:Chapter 1 introduce the audit cycle through a quick financial statement overview, using the jae won statements the The Walt Disney Company. This an initial exposure to bookkeeping explores financial statements in depth, familiarizes students v using real business data, and also points out an easy relationships in between the different species of statements.Chapter 2 proceeds the discussion of the audit cycle through explaining how to journalize, post, and also summarize an easy transactions, and builds in repetition to ensure that students know the fundamentals once they prepare the trial balance.Chapter 3 concludes the conversation of the bookkeeping cycle through adjusting and also closing entries, and preparation that the associated trial balances to close the loop because that students.A User-oriented technique focuses students’ fist on the an interpretation and relationship of information in jae won statements by adding brand-new ratios to aid in evaluating liquidity, turnover, and also profitability.NEW! Coverage the AICPA’s password of expert Conduct contains the code’s principles, explaining CPA’s obligation to plot in the public’s interest, to have integrity and also objectivity, and to exercise due experienced care. Excel Integration: Excel-based gaue won statements are consisted of so that students can familiarize themselves with the accountancy information format actually used in the company world.International financial Reporting criter (IFRS) coverage makes students conscious of vital issues. In stimulate to increase student awareness the the most important potential change in the future of jae won accounting, details on IFRS is presented in chapter 1, deserve to be found where appropriate throughout the chapters in the new worldwide View feature, and also in an appendix. As soon as students exercise or complete their homework in MyAccountingLab, they will likewise be exposed to IFRS. Any type of time the IFRS can influence a decision, the highlighted and explained within MyAccountingLab.UPDATED! Up-to-the-minute coverage the the modification FASB accountancy standard ~ above revenue recognition, impacting accounting for sales returns and also sales discounts, is consisted of in Chapters 3, 5, and also 11.Enhanced coverage the cash flows lets students understand how money is viewed. The existing economy has developed a change in just how we view money–specifically, cash. Cash flow is the lifeblood of any type of business for this reason the coverage the Cash flows in this edition has been increased and highlighted in Chapters 4-10, whereby students can quickly see the connections and also understand the significance.Fraud coverage is highlighted throughout the text. In an age of windy scandals, understanding fraud is a crucial component of jae won Accounting. Thing 4 has the concept of fraud, and introduces students come the “fraud triangle” (motivation, opportunity, and also rationalization) and also discusses inner controls as the primary means companies prevent fraud. UPDATED! The Days’ Sales impressive (DSO) ratio in thing 5 has been improved and also made an ext consistent with the coverage the Days’ Inventory superior (DIO) in thing 6 and Days’ Payable impressive (DPO) in chapter 9. UPDATED! Coverage the inventory and cost of products sold in thing 6 has been updated utilizing Under Armour, Inc., a firm highly acquainted to university students, and also one who details makes the research of inventory an ext interesting.NEW! Ethics coverage is a critical part of accounting. Sound honest judgment is essential for every major financial decision–which is why this text provides continual ethical reinforcement in every chapter. Numerous sections that the text are committed to stating potential ethical difficulties that have the right to arise when dealing with the corresponding topic, and also how they have to be appropriately handled.Additional End-of-Chapter questions permit for quick open solution questions and/or discussion. This End-of-Chapter questions connect back to AICPA’s code of expert Conduct and also the in its entirety topic the ethics. Coverage on time value of money is included into chapter 8: permanent Investments, highlighting its importance in measure fair value of certain long-term assets and liabilities.NEW! A self-contained section on straight-line amortization for bond premium or discount in chapter 9 enables instructors to pick and choose what subject they desire to cover.

Reinforce learning by utilizing Exercises

“Try It” text boxes space now included in every thing after appropriate concepts, so that students have the right to read them, shot them, and also practice them. Part chapters include “Try the in EXCEL,” i beg your pardon illustrates intake of EXCEL as a service problem-solving device by describing line-by-line just how to retrieve and prepare audit information (such as adjusted trial balance worksheets, ratio computations, depreciation schedules, shortcut discount and also premium amortization schedules, and financial statement analysis) in the program.A Mid-Chapter summary Problem gives a stopping point for students; it offers them an opportunity to repeat the entire process again, using data native a different company, come make sure they’ve “got it.” An End-of-Chapter review Problem closes the end the chapter and allows the college student to exercise the process again and also really “nail” these fundamental skills.UPDATED! brief exercises, exercises, and also problems are more clearly labeled by discovering objectives (LO). quick exercises have been condensed and simplified in this version to explain only one learning objective every (to better cover single concepts together illustrations or course exercises) while practice cover 2 or 3 LOs and also problems sheathe multiple LOs.Focus on Financials instances  are based upon the consolidated jae won statements the Apple, Inc. And also will assist students build the capability to use the jae won statements of an yes, really company.NEW! A hypothetical instance Study in thing 4 introduces fraud concepts and also how fraud can be prevent by inner control. This fictionalized case study is based upon an actual agency in Texas who highly-trusted and also loyal controller and also his mam systematically stole $16 million over the an are of 10 years by issuing agency checks come pay off their personal credit card bills. UPDATED! A focus on analysis company, Under Armour, Inc. The writer team developed relevant analytical difficulties using Under Armour’s jae won information.UPDATED! difficulty Problems have actually been enhanced and included to every chapter, help students develop higher-order an important thinking and also problem-solving skills.Decision guidelines present day-to-day business decisions and also can be provided as a review in the end-of-chapter material where castle highlight vital terms, information, and formulas. The Decision indict can additionally be supplied as a basis because that students’ future organization decisions.

New Authorship

UPDATED! new Author, Wendy M. Tietz is an combine professor for the room of audit in the College of Business management at Kent State University, where she has actually taught since 2000. Before Kent State University, she to be on the faculty at the college of Akron. She teaches in a selection of formats, consisting of large, small, and also web-based sections. Dr. Tietz is a co-author on stayinfiji.com"s Managerial bookkeeping title through Karen Braun, and in addition, has actually been teaching and using Harrison and also MyAccountingLab in she course because that the last 5 years, making she the perfect addition to the Harrison author team!

MyAccountingLab is an digital homework, tutorial, and also assessment regime designed to occupational with this text to interact students and also improve results. Within its structured environment, students exercise what they learn, test their understanding, and also pursue a personalized study setup that helps them much better absorb food material and understand an overwhelming concepts.

NEW! bookkeeping in the Headlines. Spark interest and increase engagement in introductory accountancy with relevant and real-life examples that speak come students. Through the award-winning blog, audit in the Headlines, by Wendy Tietz, instructors deserve to incorporate recent news posts featuring genuine companies and events right into their course material to properly illustrate introduce financial and managerial audit concepts. Concise, tailorable, and also updated ~ above a weekly basis, these short articles can it is in assigned with MyAccountingLab and Learning Catalytics. Instructors are detailed with added discussion questions, PowerPoint slides, and handout files, to support discovering initiatives.eText 2.0. The stayinfiji.com eText provides students access to your textbook anytime, anywhere. In enhancement to note taking, highlighting, and also bookmarking, the stayinfiji.com eText supplies interactive and also sharing features. Rich media alternatives let students watch lecture and also example videos together they read or do their homework. Instructors deserve to share their comments or highlights, and students can include their own, creating a tight ar of learner in her class.

The stayinfiji.com eText companion app permits existing subscribers to access their title on one iPad or Android tablet computer for either digital or offline viewing.

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Now available on smartphones and tablets.Seamlessly integrated videos and also other wealthy media.Accessible (screen-reader ready).Configurable analysis settings, including resizable type and night reading mode.Instructor and student note-taking, highlighting, bookmarking, and search. Try It exercises give students exercise of audit problems when accompanying videos overview students step-by-step through the equipment to the problem. Available only in MyAccountingLab.Learning Catalytics™. Generate course discussion, guide your lecture, and also promote peer-to-peer discovering with real-time analytics. MyAccountingLab & Mastering through eText now provides Learning Catalytics—an interaction student response tool that provides students’ smartphones, tablets, or laptops to connect them in an ext sophisticated tasks and thinking. Instructors, friend can:Pose a variety of open-ended concerns that help your student develop an important thinking skillsMonitor responses to find out wherein students space strugglingUse real-time data to adjust your instructional strategy and shot other methods of engaging her students during classManage college student interactions by instantly grouping students because that discussion, teamwork, and peer-to-peer learning Worked the end Solutions carry out step-by-step explanations of details problems using the exact numbers and data the were presented, help students understand just how to arrive at the correct answers themselves. Real World audit Videos demonstrate course product in action, and also show how accountancy will use to students’ future careers.