Prentice Hall

Business

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Financial and Managerial Accounting, Chapters 1-13, and MyAccountingLab 12-monthAccess Code Package
Charles T. Horngren
Walter T. Harrison, Baylor University

ISBN-10: 0135009855
ISBN-13: 9780135009857

Publisher: Prentice Hall
Copyright: 2008
Format: Kit/Package/ShrinkWrap
Published: 07/30/2007

Suggested retail price: $133.33
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For Principles of Accounting courses that use a Financial/Managerial split

 

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 Accounting 7e 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. 49-57

In-Study Guide Demo Docs and Flash Demo Docs on CD are also available. These additional demo docs will assist in furthering students’ understanding out of class.  The Flash Demo Docs on CD that come with the Study Guide will meet the needs of differing learning styles, and solidify the out of class “I get it” experience.
  • 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- My Accounting Lab is about helping students at their teachable moment, whether that is 1 PM or 1 AM, because whenever you are not there, My Accounting Lab can be.  It is packed with algorithmic problems and the exact same end-of-chapter material that you’re used to assigning for homework. It includes a Demo Doc for each of the end-of-chapter exercises and problems that students can refer to as they work through the question.
  • 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

OTHER POINTS OF DISTINCTION

Do you find that students get overwhelmed with the amount of boxed features and colorful sidebars in their current text?  Do you think they get confused about what material is most important?  How do you currently deal with this in your course?

Clutter-Free – The text is built on the premise of Less is More. Extraneous boxes and features, non-essential bells and whistles…are all gone. Too much excess crowds out what really matters—the concepts, the problems, the learning objectives. Instructors -- you’ve asked for fewer “features” in favor of more exercises with better cross referencing, and Horngren/Harrison 7e is delivering on that wish.
  • Pgs. 30-35

Do you make use of publisher resources that go with your current text?  Do you ever get frustrated by the lack of consistency between these resources?  Do you have any strategies for dealing with that?

Consistency – The entire package does matter. Consistency in form, function, and language from one medium to another; test bank to study guide to MyAccountingLab. So when students ask “Where do the numbers come from?” they can go to our text OR go online and know what to do. If it’s worded one way in the text, you can count on it being worded the same way in the supplements.


Do you find it time consuming to create new problems to go through in class that fit with the problems in your text?  Are you looking for exciting ways to keep your students’ attention?  How are you keeping your course fresh now?

Flash INSTRUCTOR Demo Docs—The very same demo docs that your students will use to stay on top of the material and complete their homework are provided for you on CD for use in lecture.  In theory, you will not need to prepare your own walk-through problems.  You can simply use these to help students “get it” in your lecture.
  • 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.

 

Financial and Managerial Accounting - Financial, Volume I Chapter 1-13 1/e

Horngren/Harrison/Braun

Table of Contents

 

1)       Accounting and the Business Environment

 

·         Describe the modern business environment and the role of information in that environment.

·         Define accounting and its role in creating financial information.

·         Describe the corporate form of business.

·         Describe basic accounting principles and concepts

·         Describe the fundamental accounting equation and its components.

·         Use the fundamental accounting equation to record and summarize transactions.

·         Develop an income statement, statement of retained earnings, statement of cash flows and a balance sheet from the summary of transactions.

 

2)       Recording Business Transactions

 

·         Describe the basic tools of an accounting system, the account, the ledger, and the journal.

·         Describe the double-entry system and define debits and credits.

·         Explain the flow of information through an accounting system by use of journals and ledgers.

·         Explain the purpose and use of source documentation in the accounting system.

·         Prepare trial balances and explain their use and limitations

 

3)       The Adjusting Process

 

·         Define accrual accounting and distinguish between accrual and cash-based accounting.

·         Describe the basic concepts underpinning accrual accounting, including the time-period concept, revenue recognition rules and the matching principle.

·         Define and distinguish between prepaid expenses and accrued expenses.

·         Describe and utilize the process of adjusting account balances.

·         Prepare an adjusted trial balance.

·         Use an adjusted trial balance to prepare financial statements.

 

4)       Completing the Accounting Cycle

 

·         Identify the principles of accounting system design.

·         Describe the sequence of the accounting cycle.

·         Describe the purpose of closing entries and record those entries.

·         Prepare a post-closing trial balance.

·         Use a post-closing trial balance to develop a classified balance sheet, distinguishing between current and long-term assets, current and long-term liabilities, contributed capital and retained earnings.

·         Use a classified balance sheet to evaluate liquidity and leverage of a corporation.

 

5)       Merchandising Operations

 

·         Distinguish between a merchandising business and a service business.

·         Describe the flow of inventory through a merchandising business.

·         Record transactions involving the purchase and sale of inventory using a perpetual inventory system.

·         Prepare a merchandiser’s multi-step income statement.

·         Evaluate the performance of merchandiser by calculating gross profit margin, net profit margin and inventory turnover.

·         Appendix — Periodic inventory systems.

 

6)       Merchandise Inventory

 

·         Define inventory costs and distinguish between cost flow and goods flow.

·         Describe different inventory valuation methods and their impact on financial statements and cash flow.

·         Use FIFO, LIFO, Average-cost and Specific Identification methods to value inventory, calculate cost of goods sold, and determine net income.

·         Use the lower of cost or market rules to value inventory.

·         Estimate the value of inventories using different methods.

 

7)       Internal Control and Cash

 

·         Define cash and describe internal control procedures involving cash.

·         Describe the modern banking environment and the use of electronic payment and disbursement processes.

·         Describe the accounting procedures for electronic payment systems.

·         Describe the bank reconciliation process and reconcile cash accounts to banking statements.

·         Describe other internal control and auditing standards and procedures.

 

8)       Receivables

 

·         Describe internal control procedure for receivables.

·         Explain the concept and use of the allowance method to account for uncollectible accounts.

·         Explain the concept and use of the direct write-off method to account for uncollectible accounts.

·         Describe the process of accounting for credit-card, bankcard and debit-card sales.

·         Define notes receivable and explain the process of accounting for notes receivable.

·         Understand the process and impact of discounting notes receivable.

·         Understand how to use accounting information, including the acid test (quick) ratio and the days’ sales in receivables, to make critical business decisions.  Evaluate liquidity using quick ratios, receivable turnover, accounts receivable aging and days’ sales outstanding.

 

9)       Plant Assets and Intangibles

 

·         Account for the costs of plant assets.

·         Define depreciation, journalize an adjusting entry to record depreciation, and compute depreciation expense, using the straight-line, declining balance, and production methods.

·         Apply the matching rule to the allocation of costs for capital and revenue expenditures.   Calculate the impact of changes in depreciation estimates.

·         Record transactions for the disposal, sale and exchange of plant assets.

·         Record transactions for the costs and allocation of costs for intangible assets.

·         Appendix - Record transactions for the costs and allocation of costs for natural resources.

 

10)   Current Liabilities and Payroll

 

·         Describe current liabilities and reporting requirements for current and long-term liabilities.  Define the current portion of long-term liabilities.

·         Record transactions for accounts payable and accrued expenses

·         Record transactions for sales taxes and payroll taxes.

·         Record transactions for notes payable and interest expense.

·         Record transactions for estimated liabilities and expenses.

·         Describe contingent liabilities and the full disclosure principle

 

11)   Corporations: Paid-In Capital and the Balance Sheet

 

·         Define a corporation and describe the characteristics of corporations.

·         Identify the components of stockholders' equity.

·         Record transactions for the issuance of common stock and preferred stock.

·         Record transactions for dividends paid to holders of common and preferred stock.

·         Record transactions for purchase and resale of treasury stock.

·         Define and compute book value of common stock.

·         Compare book value to market value of common stock.

·         Evaluate financial performance using return on assets and return on equity.

 

12)   Corporations: Retained Earnings and the Income Statement

 

·         Identify the issues related to evaluating the quality of a company's earnings.

·         Calculate earnings per share and a price/earnings ratio.

·         Define and explain prior period adjustments and comprehensive income.

·         Account for stock dividends and stock splits.

·         Prepare a statement of stockholders' equity.

·         Evaluate the effects of stock splits, stock and cash dividends, treasury stock transactions, and the acquisition of assets on a corporation’s financial statements and performance measures

 

13)   Long-Term Liabilities

 

·         Explain the purpose and use of using long-term liabilities to finance investment in long-term assets.

·         Evaluate financial leverage using different measures.

·         Calculate payments, debt reduction and interest expense for installment notes and mortgages.

·         Record transactions involving installment notes and mortgages.

·         Describe the major characteristics of bonds payable. Utilize various sources to identify types, prices and credit ratings of various types of bonds.

·         Record transactions for the issuance of bonds at face value, at a discount, and at a premium.

·         Record transactions for the recording of bond interest expense using the straight-line method.

·         Record transactions for the retirement of bonds and the conversion of bonds into stock.

 


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    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.
  • 0136143016Financial & Managerial Accounting-Financial, Chapter 1-13
    Horngren & Harrison
    © 2008 | Prentice Hall | Paper; 800 pages | Instock
    ISBN-10: 0136143016 | ISBN-13: 9780136143017
    Brief Description
  • 0138148767Financial and Mangerial Accounting, Chapters 1-15, Student Value Edition
    Harrison Jr., Horngren & Braun
    © 2008 | Prentice Hall | Unbound | Instock
    ISBN-10: 0138148767 | ISBN-13: 9780138148768
    Buy from myPearsonStore
  • 0136001769Print Companion for Horngren Financial and Managerial Accounting
    Harrison
    © 2008 | Prentice Hall | Unbound | Out of Stock
    ISBN-10: 0136001769 | ISBN-13: 9780136001768

  • 0136001777Print Companion for Pollard, Financial and Managerial Accounting
    Pollard, Mills & Harrison Jr.
    © 2008 | Prentice Hall | Unbound; 1512 pages | Instock
    ISBN-10: 0136001777 | ISBN-13: 9780136001775
    Buy from myPearsonStore

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