Financial Accounting w/ Net Tutor & PowerWeb

While many texts characterize themselves as having either a ?user? approach or a ?preparer? approach, Williams, Financial Accounting, is written for faculty who want to strike a balance between these approaches. Business majors will find relevance in the ?Management Strategy,? ?Your Turn? and ?Case in Point? boxes throughout the chapters while accounting majors will receive a firm grounding in accounting basics that will properly prepare them for their intermediate accounting course. Perhaps the most important new feature is the online companion, My Mentor. This text-specific online resource uses video clips, animated graphics and Excel templates to demonstrate accounting concepts, expressing accounting visually. This solves a problem that many introductory students have in accounting: It allows them to link concepts and numbers together in a interactive rather than print environment.


Key features


My Mentor Online Exercises- This text-specific resource was designed to solve a problem that textbooks cannot: Demonstrating accounting concepts visually. Students often have trouble understanding how everyday business events (such as selling goods and services) are translated into accounting events expressed numerically. My Mentor uses animated graphics to visually represent a business event first at a conceptual level so that students can understand terminology. The animated transaction is then shown a second time, but with numbers so the student can relate the concept to the numerical transaction. Lastly, students practice with Excel spreadsheet exercises that show application of concepts and how they impact financial statements. Video clips are included for each segment.
Revised 3-Chapter Coverage of The Accounting Cycle- There are now separate chapters on adjusting and closing entries. In the previous edition both were consolidated into chapter 4. However, overwhelming reviewer feedback felt this separation would lead to improved student understanding and performance. Recording entries are covered in Chapter 3, adjusting entries covered in Chapter 4 and closing entries are now covered in Chapter 5.
Enron and Financial Accounting PowerWeb- This new edition includes PowerWeb for Financial Accounting PLUS the free Enron Powerweb.
New Management Strategy Boxes- These boxes found in each chapter are unique in financial accounting. They describe how financial accounting information is used internally by companies for management strategy. This is an often over-looked but important area of financial accounting for all business majors.
Wide variety of End of Chapter items- Internet Assignments, unique Business Week Assignments, Group Cases, Writing Assignments, Ethics Cases, Real World Numerical Problems, Journal Entries, Spreadsheet Software Problems on Student CD-Rom (GLAS and SPATS). Beyond general accounting skills, these exercises help develop communication skills, demonstrate the value of teamwork, and enhance critical thinking and technological awareness.
Comprehensive Problems Give Students ?The Big Picture?- These problems, which occur every three to six chapters, challenge students by incorporating all the skill sets they have learned in the previous chapters into one inclusive ?case-exercise.? This distinctive feature not found in most texts allows students to identify the strengths and realize where they might need to brush up. Clearly, students also find these very helpful in studying for exams.
Relevant In-Text Pedagogy:-Cash Effects boxes show how methods and transactions affect cash flows-Your Turn boxes puts students in the role of decision-maker asking them to apply chapter concepts to situations faced by investors, creditors, and managers-Case in Point boxes use actual business events to illustrate the relationship between accounting concepts and the real world. -Key Ratio boxes introduce students to formulae key to understanding accounting events.
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PageOut is McGraw-Hill's unique point-and click course Website tool, enabling you to create a full-featured, professional quality course Website without knowing HTML coding. With PageOut you can post your syllabus online, assign McGraw-Hill Online Learning Center or eBook content, add links to important off-site resources, and maintain student results in the online grade book. You can send class announcements, copy your course site to share with colleagues, and upload original files. PageOut is free for every McGraw-Hill/Irwin user and, if you?re short on time, we even have a team ready to help you create your site!
PowerWeb. Harness the assets of the Web to keep your course current with PowerWeb! This online resource provides high quality, peer-reviewed content including up-to-date articles from leading periodicals and journals, current news, weekly updates with assessment, interactive exercises, Web research guide, study tips, and much more! http://www.dushkin.com/powerweb.
GradeSummit(TM) is a dynamic self-assessment and exam preparation service for students and instructors. Detailed diagnostic analysis of strengths and weaknesses enables efficient and effective study for students and effortless information for instructors. Find out more at www.gradesummit.com.


Table of contents


Chapter 1Accounting: Information for Decision Making
Chapter 2Basic Financial Statements
Chapter 3 The Accounting Cycle: Capturing Economic Events
Chapter 4The Accounting Cycle: Accruals and Deferrals
Chapter 5The Accounting Cycle: Reporting Financial Results
Comprehensive Problem 1West Branch Rent ALL
Chapter 6Merchandising Activities
Chapter 7Financial Assets
Chapter 8Inventories and the Cost of Goods Sold
Comprehensive Problem 2Guitar Universe, Inc.
Chapter 9Plant and Intangible Assets
Chapter 10Liabilities
Chapter 11Stockholders? Equity: Paid-In Capital
Chapter 12Income and Changes in Retained Earnings
Chapter 13Statement of Cash Flows
Chapter 14Financial Statement Analysis
Comprehensive Problem 3Tootsie Roll Industries, Inc.
Chapter 15Global Business and Accounting
Appendix A2000 Tootsie Roll Annual Report
Appendix BThe Time Value of Money: Future Amounts and Present Values
Appendix CForms of Business Organization
Check Figures