Once again the Horngren team is bringing you the accuracy and reliability you have come to expect in Financial Accounting. Designed to provide introductory accounting students with a complete learning resource, the new sixth edition incorporates a traditional approach with contemporary examples. It offers student appeal and accessibility without forgoing attention to detail or depth of coverage.
Financial Accounting has been updated to include some of the most significant current issues in both the accounting field and the world today. It incorporates critical business matters, such as Decision Guidelines, Decision Cases and eCommerce, and also environmental, sustainability and ethical issues. Financial Accounting takes a business approach to the study of accounting and relates back to the modern environment we live in. Real companies, their websites and their business information are used extensively throughout the text, to engage student interest and to help develop their appreciation of the importance of accounting in today’s e-business world. Ethical issues within the accounting profession are also explored in a full discussion in Chapter 1 and end-of-chapter ‘Ethical Issue’ boxes.
A strong emphasis has also been placed on sustainability, as can be seen from the way this text has been produced. Printed on FSC paper, Pearson is taking every measure to ensure that the environmental impact of our books is being reduced. Carbon credits have even been purchased to offset the production process! ecoAccounting boxes help students to understand how other businesses are implementing sustainable practices in their own ways.
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About the Australian authors
1. Accounting and the business environment
2. Recording business transactions
3. The adjusting process
4. Completing the accounting cycle
5. Retailing operations
6. Retail inventory
7. The framework of accounting
8. Accounting information systems
9. Internal control and cash
11. Non-current assets: Property, plant and equipment, and intangibles
12. Current liabilities and payroll
14. Companies: Share capital and the balance sheet
15. Companies: Retained earnings, share splits and buy-backs, and the income statement
16. Non-current liabilities
17. Investments and international operations
18. The cash flow statement
19. Financial statement analysis
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New! Horngren goes green! The new 6th edition of Financial Accounting has been printed on FSC paper, and carbon credits have been paid to offset the production process.
New! Starters are new warm-up and confidence-building questions at the end of chapters. Each Starter is referenced within the text so students know where to go to review concepts covered in the questions.
New! Demo Doc worked problems at the end of Chapters 1- 4 cover the accounting cycle and match MyAccountingLab content.
New! All chapters now incorporate sustainability issues for accounting in different student features e.g. opening vignettes.
New! Accounting equations are now colour coded to identify individual financial statement e.g. balance sheet, statement of cash flows.
New! Introduction of charts of accounts for different types of businesses.
New! ecoAccounting boxes alert students to important environmental and sustainability issues in accounting today.
New! The 2008/9 QANTAS annual report is now provided online in MyAccountingLab and updated annually. This will make it easier for students to access and also reduce the amount of paper consumption.
New! Excel application exercises now appear at the end of every chapter. Every business professional needs to be conversant with Excel and these exercises give students the tools they need to master it.
- FSC accreditation makes the new edition of Horngren’s Financial Accounting an easy choice for those looking to reduce environmental impact.
- Chapter-opening vignettes take students into the real; world of accounting and introduce them to the main theme of the chapter.
- Learning objectives are clearly signposted in the margins to alert students to key concepts.
- Accounting in the news boxes feature current media coverage of accounting issues. These replace the accounting.com boxes of the previous edition.
- Stop & Think questions encourage students to asses their understanding of concepts by practicing what they have just learned.
- Learning tips give students helpful hints and advice as they work their way through the chapters.
- Decision guidelines show when, why and how managers – not just accountants – use accounting information to make good business decisions.
- Quick Check questions are a series of multiple choice questions at the end of each chapter for students to quickly assess whether they have fully understood the concepts in the chapter.
- End of chapter Problems and Exercises allow students to assess and apply their learning from that chapter. Each is graded from ‘basic’ to ‘intermediate’ to ‘challenging’.
- A continuing case, which is introduced in Chapter 1, begins an accounting cycle which is completed in Chapter 5.
- Assess your progress and Apply your knowledge end-of-chapter sections test your theoretical knowledge and practical application of accounting concepts and principles with a wide variety of problems, questions, cases and issues.
- An extensive Glossary at the end of the book helps jog students’ memories for all those important accounting terms and concepts.
Instructor’s Resources include:
- Solutions, written by the author team, for all end-of-chapter and Appendix exercises and problems. These are graded for level of difficulty, with an estimate of the time required for completion.
- Comprehensive Problems and solutions for Parts 1–4 along with more than 24 Team Projects with solutions.
- PowerPoint Slides – by Jonathan Tyler, UTS - more than 1000 comprehensive and detailed slides that include in-built DVD clips from the Fusion DVD as well as DemoDocs.
- Set B Problems with Solutions – more than 150 problems and solutions.
- Excel Spreadsheet Templates – more than 50 Excel exercises, templates and solutions.
- Digital Image Library –all the diagrams and tables from the text are available for lecturer use.
- Audience Response System question and answer content based around Financial Accounting 6e – available on request.
- Computerised TestGen Test Bank on CD-R consists of more than 2000 questions, exercises and problems, ordered by text chapter, complete with solutions and calculation support. Questions, exercises and problems vary in level of difficulty and are designed as easy, moderate and challenging. The vast range of questions provides an ample selection for different semesters and/or different student cohorts.
- Fusion Documentary Series: films that fuse theory and practice – presents a series of student-friendly videos made by award-winning Australian documentary makers at the University of Sydney. Included in MyAccountingLab for student revision purposes.
About the Australian Authors
Peter Best (BCom, MEngSci, PhD) is Professor and Head of School of the School of Accounting, Economics and Finance at the University of Southern Queensland. He has taught at the University of Queensland, University of Newcastle, University of Adelaide, Flinders University and QUT. Peter is a Fellow of CPA Australia and an Associate of the ICAA. He has acted as consultant to a variety of accounting firms and government departments both here and overseas. His specialist teaching areas include accounting information systems, auditing, information systems auditing and SAP R/3. Peter is co-author of Auditing Computer-Based Accounting System; Auditing and Assurance Services in Australia: An Integrated Approach, and previous editions of Horngren Accounting and Financial Accounting.
David Fraser (BEc, MCom) is Emeritus Professor of Accounting at the University of Technology, Sydney. He was a partner in a chartered accounting practice for many years and has since taught at the University of New South Wales and at UTS where he was Dean of Accounting. David works as a consultant to the ICAA for the accreditation of university accounting courses. He is a Fellow of both the ICAA and CPA Australia. David is joint author of Systems Based Audits, and co-author of Consolidated Statements and Group Accounts and previous editions of Horngren Accounting and Financial Accounting.
Roger Willett (BA Hons, PhD) is Research Professor in the School of Accountancy & Business Law at the University of Otago. He has been Head of School at QUT and at the University of Otago, and taught at the Australian National University, the University of Wales and the University of Aberdeen. Roger is a member of the ICAA and a Fellow of the Institute of Chartered Accountants in England and Wales. His teaching areas include financial accounting, financial accounting theory and research methods. Roger worked for a number of years as a chartered accountant. He is on the editorial boards of a number of academic accounting journals. Roger is co-editor and contributor of Accounting in the Asia Pacific Region, and co-author of previous editions of Horngren Accounting and Financial Accounting.
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