Horngren's Financial & Managerial Accounting, The Managerial Chapters and The Financial Chapters plus Pearson MyLab Accounting with Pearson eText, Global Edition

Series
Pearson
Author
Tracie Miller-Nobles / Brenda Mattison / Ella Mae Matsumura  
Publisher
Pearson
Cover
Softcover
Edition
6
Language
English
Pub.-date
November 2019
ISBN13
9781292270753
ISBN
1292270756
Related Titles


Product detail

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9781292270753
Horngren's Financial & Managerial Accounting, The Managerial Chapters and The Financial Chapters plus Pearson MyLab Accounting with Pearson eText, Global Edition
115.10 approx. 7-9 days

Free evaluation copy for lecturers


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 and The Managerial 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 package includes MyLab™ Accounting, 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 often improves results for each student.

 

·    Accounting Cycle Tutorial. The Pearson MyLab Accounting interactive tutorial helps students master the Accounting Cycle for early and continued success in the Introduction to Accounting course. It provides students with brief explanations of each concept of the Accounting Cycle through engaging, interactive activities. Students are immediately assessed on their understanding and their performance is recorded in the Pearson MyLab Accounting Gradebook.

·    Homework with Learning Aid. The Pearson MyLab Accounting homework and practice questions are correlated to the textbook, regenerate algorithmically to give students unlimited opportunity for practice and mastery, and offer helpful feedback when students enter incorrect answers.

·    Worked Out Solutions. To understand how to get to that correct answer, these solutions provide step-by-step explanations on how to solve the problem using the exact numbers and data that was presented to the student in the problem.

·    The Pearson eText. Available through Pearson Pearson MyLab Accounting, the eText gives students access to their textbook anytime, anywhere. In addition to note taking, highlighting, and bookmarking, the Pearson eText offers sharing features. Instructors can share their comments or highlights, and students can add their own, creating a tight community of learners in your class. The Pearson eText companion app allows existing subscribers to access their titles on an iPad or Android tablet for either online or offline viewing. The app is available on Google’s Play Store and Apple’s App Store.

·    Personalized Learning. Not every student learns the same way or at the same rate. With the growing need for acceleration through many courses, it's more important than ever to meet students where they learn. Personalized learning in Pearson MyLab Accounting gives you the flexibility to incorporate the approach that best suits of your course and your students. It includes the  Study Plan  and  Dynamic Study Modules 

·    Question Types enhance flexibility: these include Open Response Questions, Excel® Questions, General Ledger Questions, and An Algorithmic Testbank .

·    Animated Lecture Videos. This pre-class learning aid, available for every learning objective, is a professor-narrated PowerPoint summary to help students prepare for class.

·    Learning Management System (LMS) Integration. You can now link from Blackboard Learn, Brightspace by D2L, Canvas, or Moodle to Pearson MyLab Accounting. Access assignments, rosters, and resources, and synchronize grades with your LMS Gradebook. For students, single sign-on provides access to all the personalized learning resources that make studying more efficient and effective.

 

About This Book

 

Coverage of the latest accounting trends and issues

·    New - Discussion on: Why accounting is important to non-accounting majors; how to calculate interest for notes receivable and payable; how sensitivity analysis can be used and the differences between predicted cost behavior versus actual management behavior; credit card sales; future value; and types of budgets.

  • Updated and Revised - Coverage on/presentation of: the revenue recognition principle for the newly released standard; the balance sheet to reflect Property, Plant, and Equipment (vs. Plant Assets); estimating bad debts; sales of merchandise to reflect the newly released revenue recognition standard; debt and equity securities to reflect newly released financial instrument standard; payroll for consistency with current payroll laws; the high-low method of costing; absorption and variable costing; the benefits of budgets; and cost accounting systems
  • Updated and Revised - Coverage on: managerial accounting: the manager’s role in the organization and managerial accounting functions; business trends affecting managerial accounting; how service companies can use activity-based management;

·    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.

 

End-of-chapter review and summary problems

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

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

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

 

New to this Edition

Coverage of the latest accounting trends and issues

  • Discussion on:
    • Why accounting is important to non-accounting majors;
    • How to calculate interest for notes receivable and payable;
    • How sensitivity analysis can be used and the differences between predicted cost behavior versus actual management behavior;
    • Credit card sales;
    • Future value, including determining the future value of a lump sum and of an annuity; and
    • Types of budgets, including participative, zero-based, and continuous ones.
  • Coverage on/presentation of:
    • The revenue recognition principle for the newly released standard;
    • Use of the classified balance sheet as a requirement for end-of-chapter problems;
    • The balance sheet to reflect Property, Plant, and Equipment (vs. Plant Assets);
    • Interest calculations that use a 365-day (vs. 360) year to better reflect how actual lenders calculate interest;
    • An income statement to reflect Other Income and (Expenses) — better reflecting how actual income statements are presented;
    • 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;
    • 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;
    • Debt and equity securities to reflect newly released financial instrument standard including the elimination of trading investments (equity) and available-for-sale investments (equity);
    • Payroll for consistency with current payroll laws;
    • Managerial accounting to include the manager’s role in the organization and managerial accounting functions;
    • How companies classify costs used in managerial accounting;
    • Manufacturing cost flows, including a better explanation of how cost of goods manufactured and sold are calculated;
    • Business trends affecting managerial accounting;
    • Cost accounting systems, including why companies choose either process or job-order costing;
    • The allocation and adjustment of manufacturing overhead;
    • Equivalent units of production;
    • Preparing a production cost report for the first department that realistically reflects beginning inventory;
    • How the weighted-average method is different than the FIFO method when preparing the production cost report;
    • How service companies can use activity-based management;
    • The high-low method when determining a company’s variable and fixed costs;
    • The differences between absorption and variable costing and the impact on operating income;
    • The benefits of budgets, including benchmarking; and
    • 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 ties together key concepts from the chapter using the company highlighted in the chapter opener. The in-chapter box 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, exposing students to recording entries for a service company and then moving into recording transactions for a merchandiser later in the text. The managerial chapters’ continuing problem has been revised for this edition and emphasizes the relevant topics for that chapter using a continuous company.

 

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.

 

 

This package includes MyLab™ Accounting, 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 often improves results for each student.

 

 

·    Accounting Cycle Tutorial. The Pearson MyLab Accounting 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 explanations of each concept of the Accounting Cycle through engaging, interactive activities. Students are immediately assessed on their understanding and their performance is recorded in the Pearson MyLab Accounting Gradebook. Whether the Accounting Cycle Tutorial is used as a remediation self-study tool or course assignment, students have yet another resource within Pearson MyLab Accounting to help them nail the accounting cycle.

o ACT Comprehensive Problem. The Accounting Cycle Tutorial now includes a comprehensive problem that allows students to work with the same set of transactions throughout the accounting cycle. Assignable at the beginning or end of the full cycle, comprehensive problems reinforce the lessons learned in the accounting cycle tutorial activities by emphasizing the connections between the accounting cycle concepts.

·    The Pearson eText. The Pearson eText, available through Pearson Pearson MyLab Accounting, gives students access to their textbook anytime, anywhere. In addition to note taking, highlighting, and bookmarking, the Pearson 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 Pearson eText companion app allows existing subscribers to access their titles on an iPad or Android tablet for either online or offline viewing. The app is available on Google’s Play Store and Apple’s App Store.

Table of Contents

 The Financial Chapters 

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  

 

 The Managerial Chapters 

16. Introduction to Managerial Accounting   

17. Job Order Costing  

18. Process Costing   

19. Cost Management Systems: Activity-Based, Just-In-Time, and Quality Management Systems

20. Cost-Volume-Profit Analysis  

21. Variable Costing

22. Master Budgets   

23. Flexible Budgets and Standard Cost Systems   

24. Responsibility Accounting and Performance Evaluation  

25. Short-Term Business Decisions

26. Capital Investment Decisions

 

Appendix A: Present Value Tables and Future Value Tables

Appendix B: Accounting Information Systems