Financial and Managerial Accounting, Chapters 1-23, Complete Book

by Horngren, Charles T.; Harrison, Walter T.; Oliver, M. Suzanne

• ISBN13: 9780136143017
• ISBN10: 0136143016
• Edition: 1st
• Format: Hardcover
• Copyright: 2009-01-01
• Publisher: Prentice Hall

Summary

The Demo Docs System of instruction replicates the classroom experience by providing more "I get it" moments outside of class.Wers"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.

Table of Contents

Financial and Managerial Accounting -Financial , Chapter 1-15 1/e Horngren Harrison Braun

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

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

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

Completing the Accounting Cycle and Accounting

Identify the principles of accounting s<$$$>

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