Description

This title is a Pearson Global Edition. The Editorial team at Pearson has worked closely with educators around the world to include content which is especially relevant to students outside the United States.

 

For courses in Financial and Managerial Accounting.

This package includes Pearson MyLab Accounting.

 

Expanding on proven success with Horngren's financial and managerial accounting

 

Horngren’s Financial and Managerial Accounting, The Financial Chapters, presents the core content of principles of accounting courses in a fresh format designed to help today’s learners succeed. As teachers first, the author team knows the importance of delivering a student experience free of obstacles. Their pedagogy and content use leading methods in teaching students critical foundational topics and concentrates on improving student results—all tested in class by the authors themselves. With this in mind, the 6th Edition continues to focus on readability and student comprehension and takes this a step further in the managerial chapters by employing a new theme to help students see how managerial accounting is used as a tool to help all business people make decisions. By providing more meaningful learning tools, this title gives professors the resources needed to help students clear hurdles inside and outside of the classroom, like never before.

 

Reach every student by pairing this text with Pearson MyLab Accounting

MyLab™ is the teaching and learning platform that empowers you to reach every student. By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student.

Pearson MyLab Accounting should only be purchased when required by an instructor. Please be sure you have the correct ISBN and Course ID. Instructors, contact your Pearson representative for more information.

 

Features

This title is a Pearson Global Edition. The Editorial team at Pearson has worked closely with educators around the world to include content that is especially relevant to students outside the United States.

About the book

Coverage of the latest accounting trends and issues

· NEW! Discussion on:

o Why accounting is important to non-accounting majors;

o How to calculate interest for notes receivable and payable;

o How sensitivity analysis can be used and the differences between predicted cost behavior versus actual management behavior;

o Credit card sales;

o Future value, including determining the future value of a lump sum and of an annuity; and

o Types of budgets, including participative, zero-based, and continuous ones.

· UPDATED! and REVISED! Coverage on/presentation of:

o The revenue recognition principle for the newly released standard;

o Use of the classified balance sheet as a requirement for end-of-chapter problems;

o The balance sheet to reflect Property, Plant, and Equipment (vs. Plant Assets);

o Interest calculations that use a 365-day year (vs. 360-) to better reflect how actual lenders calculate interest;

o An income statement to reflect Other Income and (Expenses)--better reflecting how actual income statements are presented;

o Estimating bad debts to help students understand why the Allowance for Bad Debts account may have either a debit or credit unadjusted balance due to previously overestimated/underestimated adjustments;

o Sales of merchandise to reflect the newly released revenue recognition standard, including reporting sales on account at the net amount and introduction of the Sales Discounts Forfeited account;

o Debt and equity securities to reflect newly released financial instrument standard including the elimination of trading investments (equity) and available-for-sale investments (equity);

o Payroll for consistency with current payroll laws;

o Performance reports using static budgets, including the advantages and disadvantages.

· NEW! Problem has students complete a trend analysis and ratios to analyze a company for its investment potential.

· NEW! Section to illustrate how companies record the payment of payroll liabilities.

· NEW! Appendix (5A) discusses multiple performance obligations.

Integrate pedagogy with concepts and practical applications

· NEW! Using Excel. This end-of-chapter problem introduces students to Excel to solve common accounting problems as they would in the business environment.

· NEW! Tying It All Together feature ties together key concepts from the chapter using the company highlighted in the chapter opener. The in-chapter box feature presents scenarios and questions that the company could face and focuses on the decision-making process. The end-of-chapter business case helps students synthesize the concepts of the chapter and reinforce critical thinking.

· NEW! A Continuing Problem starts in Chapter 1 and runs through the financial chapters.

· Effects on the Accounting Equation illustrations help students see connections between transactions, as well as how transactions fit into the big picture. Located next to every journal entry, they reinforce the connections between recording a transaction and the effect those transactions have on the accounting equation.

· Instructor Tips & Tricks throughout the text mimic the experience of having an experienced teacher walk a student through concepts on the board. Many include

New to this Edition

About the book

Coverage of the latest accounting trends and issues

· Discussion on:

o Why accounting is important to non-accounting majors;

o How to calculate interest for notes receivable and payable;

o How sensitivity analysis can be used and the differences between predicted cost behavior versus actual management behavior;

o Credit card sales;

o Future value, including determining the future value of a lump sum and of an annuity; and

o Types of budgets, including participative, zero-based, and continuous ones.

· Coverage on/presentation of:

o The revenue recognition principle for the newly released standard;

o Use of the classified balance sheet as a requirement for end-of-chapter problems;

o The balance sheet to reflect Property, Plant, and Equipment (vs. Plant Assets);

o Interest calculations that use a 365-day year (vs. 360) to better reflect how actual lenders calculate interest;

o An income statement to reflect Other Income and (Expenses)--better reflecting how actual income statements are presented;

o Estimating bad debts to help students understand why the Allowance for Bad Debts account may have either a debit or credit unadjusted balance due to previously overestimated/underestimated adjustments;

o Sales of merchandise to reflect the newly released revenue recognition standard, including reporting sales on account at the net amount and introduction of the Sales Discounts Forfeited account;

o Debt and equity securities to reflect newly released financial instrument standard including the elimination of trading investments (equity) and available-for-sale investments (equity);

o Payroll for consistency with current payroll laws;

o Performance reports using static budgets, including the advantages and disadvantages.

· Problem has students complete a trend analysis and ratios to analyze a company for its investment potential.

· Section to illustrate how companies record the payment of payroll liabilities.

· Appendix (5A) discusses multiple performance obligations.

Integrate pedagogy with concepts and practical applications

· Using Excel. This end-of-chapter problem introduces students to Excel to solve common accounting problems as they would in the business environment.

· Tying It All Together feature ties together key concepts from the chapter using the company highlighted in the chapter opener. The in-chapter box feature presents scenarios and questions that the company could face and focuses on the decision-making process. The end-of-chapter business case helps students synthesize the concepts of the chapter and reinforce critical thinking.

· A Continuing Problem starts in Chapter 1 and runs through the financial chapters.

End-of-chapter review and summary problems

· Comprehensive Problem for Chapters 5 and 6 covers the entire accounting cycle for a merchandise company, including analysis.

· Comprehensive Problem for Chapters 7-9 covers cash, receivables, and long-term assets transactions and analysis.

· Comprehensive Problem for Chapters 11-13 covers payroll, other current liabilities, long-term liabilities, and stockholders’ equity transactions and analysis.

Also available with MyLab Accounting

MyLabTM Accounting is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment,

Table of Contents

• 1. Accounting and the Business Environment
• 2. Recording Business Transactions
• 3. The Adjusting Process
• 4. Completing the Accounting Cycle
• 5. Merchandising Operations
• 6. Merchandise Inventory
• 7. Internal Control and Cash
• 8. Receivables
• 9. Plant Assets, Natural Resources, and Intangibles
• 10. Investments
• 11. Current Liabilities and Payroll
• 12. Long-Term Liabilities
• 13. Stockholders' Equity
• 14. The Statement of Cash Flows
• 15. Financial Statement Analysis
• APPENDIX A: Present Value Tables and Future Value Tables
• APPENDIX B: Accounting Information Systems

Author

Tracie L. Miller-Nobles, CPA, received her bachelor’s and master’s degrees in accounting from Texas A&M University and is currently pursuing her PhD in adult education also at Texas A&M University. She is an Associate Professor at Austin Community College, Austin, TX. Previously she served as a Senior Lecturer at Texas State University, San Marcos, TX, and has taught as an adjunct at University of Texas-Austin. Miller-Nobles has public accounting experience with Deloitte Tax LLP and Sample & Bailey, CPAs.

Miller-Nobles is a recipient of the American Accounting Association J. Michael and Mary Ann Cook prize, Texas Society of CPAs Rising Star award, TSCPA Austin Chapter CPA of the Year award, TSCPA Outstanding Accounting Educator award, NISOD Teaching Excellence award and the Aims Community College Excellence in Teaching award. She is a member of the Teachers of Accounting at Two Year Colleges, the American Accounting Association, the American Institute of Certified Public Accountants, and the Texas State Society of Certified Public Accountants. She is currently serving on the Board of Directors as secretary/webmaster of Teachers of Accounting at Two Year Colleges and as a member of the American Institute of Certified Public Accountants financial literacy committee. In addition, Miller-Nobles served on the Commission on Accounting Higher Education: Pathways to a Profession.

Miller-Nobles has spoken on such topics as using technology in the classroom, motivating non-business majors to learn accounting, and incorporating active learning in the classroom at numerous conferences. In her spare time she enjoys camping and hiking and spending time with friends and family.

Brenda L. Mattison has a bachelor’s degree in education and a master’s degree in accounting, both from Clemson University. She is currently an Accounting Instructor at Tri-County Technical College in Pendleton, South Carolina. Mattison previously served as Accounting Program Coordinator at TCTC and has prior experience teaching accounting at Robeson Community College, Lumberton, North Carolina; University of South Carolina Upstate, Spartanburg, South Carolina; and Rasmussen Business College, Eagan, Minnesota. She also has accounting work experience in retail and manufacturing businesses and is a Certified Management Accountant.

Mattison is a member of the American Accounting Association, Institute of Management Accountants, South Carolina Technical Education Association, and Teachers of Accounting at Two Year Colleges. She is currently serving on the Board of Directors as Vice President of Conference Administration of Teachers of Accounting at Two Year Colleges. Mattison previously served as Faculty Fellow at Tri-County Technical College. She has presented at state, regional, and national conferences on topics including active learning, course development, and student engagement.

In her spare time, Mattison enjoys reading and spending time with her family. She is also an active volunteer in the community, serving her church and other organizations.

Ella Mae Matsumura, PhD is a professor in the Department of Accounting and Information Systems in the School of Business at the University of Wisconsin–Madison, and is affiliated with the university’s Center for Quick Response Manufacturing. She received an AB in mathematics from the University of California, Berkeley, and MSc and PhD degrees from the University of British Columbia. Matsumura has won two teaching excellence awards at the University of Wisconsin–Madison and was elected as a lifetime fellow of the university’s Teaching Academy, formed to promote effective teaching. She is a member of the university team awarded an IBM Total Quality Management Partnership grant to develop curriculum for total qu