The Financial Accounting Cycle With Supplements

Financial Accounting helps readers "nail" the accounting cycle! Financial Accounting helps readers "nail" the accounting cycle up front in order to increase success and retention later on. The concepts and mechanics readers learn in the critical 'accounting cycle' chapters are used consistently and repetitively--and with clear-cut details and explanations--throughout the remainder of the text, minimizing confusion. This edition features a new user-oriented approach along with many new problems, exercises, and analysis questions.

This text has a user-oriented approach which does not include debit and credits in the chapters. It also does not include traditional accounting cycle chapters. Ratio analysis is introduced early and is integrated throughout every chapter. Early presentation of financial statements (Ch. 3) with an emphasis on understanding the financial statements, not their preparation. Financial reporting sections of four corporate annual reports are included in an end-of-text appendix and are referenced throughout the chapters. Careers in Accounting appendix gives an optional chapter-length perspective on accounting as a major field of study or as a profession. This text also includes internet assignment material.

For one-term courses in Financial Accounting at the undergraduate and graduate levels. This best-selling text offers a relevant, real-world approach to financial accounting theory, terminology, and procedures. Students learn how to comprehend a typical corporate annual report and to use accounting as a tool in understanding how economic events affect business. An exceptionally strong pedagogy and flexible structure provide instructors with great latitude in choosing various combinations of breadth and depth, theory and procedures, simplicity and complexity. Simple concepts are introduced early and revisited at more sophisticated levels as students gain sophistication and understanding, and concepts are made concrete at every step with actual, current company illustrations. An extensive selection of supplements help students move beyond the text for hands-on experience with the real world of financial accounting.