Century 21 Accounting 7E Advanced Course - Text Chapters 1-24

by Ross, Kenton E.; Gilbertson, Claudia B.; Lehman, Mark W.; Hanson, Robert D.

• ISBN13: 9780538677462
• ISBN10: 0538677465
• Edition: 7th
• Format: Hardcover
• Copyright: 1998-07-23
• Publisher: South-Western Educational Pub

Summary

This seventh edition continues to emphasize corporate accounting. The text integrates accounting practices and related computer skills to prepare advanced students for future employment. The instructional format includes frequent assessment and short units with reinforcement activities

Table of Contents

PART 1 Departmentalized Accounting
Recording Departmental Purchases and Cash Payments	4	(34)
Accounting In Your Career	5	(1)
Using Accounting Principles and Records	6	(6)
Journalizing and Posting Purchases and Purchases Returns	12	(8)
Journalizing and Posting Cash Payments and Reconciling the Bank Statement	20	(18)
Professional Business Ethics	18	(2)
Cultural Diversity	20	(14)
Automated Accounting	34	(4)
Recording Departmental Sales and Cash Receipts	38	(24)
Accounting In Your Career	39	(1)
Departmental Sales on Account and Sales Returns and Allowances	40	(8)
Journalizing and Posting Cash Receipts	48	(14)
Small Business Spotlight	40	(13)
Global Perspective	53	(7)
Automated Accounting	60	(2)
Calculating and Recording Departmental Payroll Data	62	(32)
Accounting In Your Career	63	(1)
Employee Benefits and Earnings	64	(7)
Completing Payroll Records	71	(8)
Journalizing and Paying Payroll and Payroll Taxes	79	(15)
Accounting at Work	75	(3)
Professional Business Ethic	78	(13)
Automated Accounting	91	(3)
Financial Reporting for a Departmentalized Business	94	(50)
Accounting In Your Career	95	(1)
Interim Departmental Statement of Gross Profit	96	(6)
Preparing a Work Sheet for a Departmentalized Business	102	(10)
Financial Statements for a Departmentalized Business	112	(7)
End-of-Period Work for a Departmentalized Business	119	(25)
Small Business Spotlight	113
Legal Issues in Accounting	101	(9)
Cultural Diversity	110	(22)
Automated Accounting	132	(12)
PART 2 Accounting Control Systems
A Voucher System	144	(22)
Accounting In Your Career	145	(1)
Vouchers and Voucher Registers	146	(5)
Voucher Check and Check Registers	151	(4)
Selected Transactions in a Voucher System	155	(11)
Automated Accounting	165	(1)
Inventory Planning and Valuation	166	(28)
Accounting In Your Career	167	(1)
The Nature of Merchandise Inventory	168	(5)
Inventory Costing	173	(6)
Estimating the Inventory	179	(15)
Technology For Business	182	(8)
Automated Accounting	190	(4)
PART 3 General Accounting Adjustments
Accounting for Uncollectible Accounts	194	(22)
Accounting In Your Career	195	(1)
Direct Write-Off Method of Recording Uncollectible Accounts	196	(3)
Allowance Method of Recording Uncollectible Accounts Expense	199	(7)
Accounts Receivable Turnover Ratio	206	(10)
Legal Issues in Accounting	199	(2)
Global Perspective	201	(14)
Automated Accounting	215	(1)
Accounting for Plant Assets	216	(34)
Accounting In Your Career	217	(1)
Buying Plant Assets	218	(4)
Calculating and Journalizing Depreciation Expense	222	(5)
Disposing of Plant Assets	227	(7)
Other Methods of Depreciation	234	(16)
Accounting at Work	232	(4)
Technology for Business	236	(5)
Professional Business Ethics	241	(8)
Automated Accounting	249	(1)
Accounting for Notes Payable, Prepaid Expenses, and Accrued Expenses	250	(26)
Accounting In Your Career	251	(1)
Notes Payable	252	(4)
Prepaid Expenses	256	(6)
Accrued Expenses	262	(14)
Small Business Spotlight	252	(4)
Legal Issues in Accounting	256	(11)
Cultural Diversity	267	(7)
Automated Accounting	274	(2)
Accounting for Notes Receivable, Unearned Revenue, and Accrued Revenue	276	(20)
Accounting In Your Career	277	(1)
Notes Receivable	278	(5)
Unearned and Accrued Revenue	283	(13)
Technology for Business	284	(2)
Legal Issues in Accounting	286	(7)
Automated Accounting	293	(3)
PART 4 Corporation Accounting
Organizing A Corporation and Paying Dividends	296	(24)
Accounting In Your Career	297	(1)
Starting a Corporation	298	(8)
Stock Subscriptions and the Balance Sheet	306	(4)
Calculating and Journalizing Dividends for a Corporation	310	(10)
Global Perspective	301	(4)
Cultural Diversity	305	(6)
Accounting at Work	311	(8)
Automated Accounting	319	(1)
Acquiring Additional Capital for a Corporation	320	(28)
Accounting In Your Career	321	(1)
Capital Stock Transactions	322	(7)
Treasury Stock Transactions	329	(5)
Bonds Payable Transactions	334	(14)
Technology for Business	328	(2)
Small Business Spotlight	330	(8)
Professional Business Ethics	338	(2)
Legal Issues in Accounting	340	(6)
Automated Accounting	346	(2)
Financial Analysis and Reporting for a Corporation	348	(38)
Accounting In Your Career	349	(1)
Work Sheet for a Corporation	350	(5)
Financial Statements and Analysis	355	(8)
Other End-of-Fiscal Period Work	363	(23)
Accounting at Work	366	(2)
Global Perspective	368	(8)
Automated Accounting	376	(10)
PART 5 Management Accounting
Budgetary Planning and Control	386	(30)
Accounting In Your Career	387	(1)
Budget Planning	388	(5)
Budgeted Income Statement	393	(9)
Cash Budgets and Performance Reports	402	(14)
Cultural Diversity	397	(6)
Technology for Business	403	(12)
Automated Accounting	415	(1)
Accounting Information for Management Decisions	416	(26)
Accounting In Your Career	417	(2)
Cost Characteristics that Influence Decisions	419	(4)
Determining Breakeven	423	(4)
Decisions that Affect Net Income	427	(15)
Accounting at Work	421	(4)
Professional Business Ethics	425	(8)
Technology for Business	433	(8)
Automated Accounting	441	(1)
Financial Statement Analysis	442	(32)
Accounting In Your Career	443	(1)
Trend Analysis and Component Percentages	444	(8)
Calculating Earnings Performance and Efficiency Analysis	452	(9)
Calculating Financial Strength Analysis	461	(13)
Legal Issues in Accounting	446	(11)
Global Perspective	457	(16)
Automated Accounting	473	(1)
Statement of Cash Flows	474	(28)
Accounting In Your Career	475	(1)
Understanding Cash Flow Analysis	476	(6)
Preparing the Operating Activities Section of a Statement of Cash Flows	482	(6)
Completing the Statement of Cash Flows	488	(14)
Small Business Spotlight	476	(4)
Technology for Business	480	(6)
Accounting at Work	486	(6)
Professional Business Ethics	492	(7)
Automated Accounting	499	(3)
PART 6 Cost Accounting
Cost Accounting for a Merchandising Business	502	(22)
Accounting In Your Career	503	(1)
Responsibility Accounting for a Merchandising Business	504	(8)
Responsibility Statements for a Merchandising Business	512	(12)
Small Business Spotlight	502	(12)
Cultural Diversity	514	(8)
Automated Accounting	522	(2)
Cost Accounting for a Manufacturing Business	524	(22)
Accounting In Your Career	525	(1)
Elements of Manufacturing Cost	526	(5)
Maintaining Manufacturing Records	531	(15)
Accounting at Work	529	(16)
Automated Accounting	545	(1)
Accounting Transactions and Financial Reporting for a Manufacturing Business	546	(34)
Accounting In Your Career	547	(1)
Journalizing Manufacturing Accounting Transactions	548	(9)
Preparing End-of-Fiscal Period Statements	557	(23)
Global Perspective	556	(13)
Automated Accounting	569	(11)
PART 7 Other Accounting Systems
Organizational Structure of a Partnership	580	(22)
Accounting In Your Career	581	(1)
Forming a Partnership	582	(5)
Admitting Partners to Existing Partnerships	587	(15)
Legal Issues in Accounting	585	(6)
Professional Business Ethics	591	(9)
Small Business Spotlight	600	(1)
Automated Accounting	601	(1)
Financial Reporting for a Partnership	602	(28)
Accounting In Your Career	603	(1)
Distribution and Withdrawal of Partnership Earnings	604	(6)
End-of-Fiscal Period Work for a Partnership	610	(9)
Liquidation of a Partnership	619	(11)
Accounting at Work	609	(12)
Technology for Business	621	(8)
Automated Accounting	629	(1)
Budgeting and Accounting for a Not-for-Profit Organization	630	(30)
Accounting In Your Career	631	(1)
Not-for-Profit Organizations	632	(9)
Journalizing Revenues	641	(4)
Journalizing Expenditures, Encumbrances, and Other Transactions	645	(15)
Global Perspective	650	(8)
Automated Accounting	658	(2)
Financial Reporting for a Not-for-Profit Organization	660
Accounting In Your Career	661	(1)
Preparing a Work Sheet for a Governmental Organization	662	(6)
Preparing Financial Statements for a Governmental Organization	668	(4)
Recording Adjusting and Closing Entries for a Governmental Organization	672
Automated Accounting	681
APPENDICES
Appendix A: Accounting Concepts	A-1
Appendix B: Using a Calculator and Computer Keypad	B-1
Appendix C: Recycling Problems	C-1
Appendix D: Answers to Audit Your Understanding	D-1
Glossary	G-1
Index/Photo Credits	I-1