Accounting 26th Edition

Carl S. Warren | James M. Reeve | Jonathan Duchac

  • Copyright 2016
  • Published
  • Available with:
  • CengageNOWv2

Standalone Digital Access — Ultimate Value

Instant Access to the full, mobile-ready textbook combined with superior online learning tools

Product Details

Starting at $160.00

Digital Access + Print —
Flexible Value

Digital Access plus a print version of the textbook available for students on Day One

Product Details

Starting at $206.95

Overview

Close the gap between homework and exam performance with Warren/Reeve/Duchac's market-leading ACCOUNTING. The twenty-sixth edition includes the new revenue recognition standard and a greater emphasis on service companies in the managerial accounting discussions. Also available: the CengageNOWv2 online resource, completely integrated with ACCOUNTING to motivate students to learn, provide practice opportunities to better prepare them for exams, and help them see connections and relationships in accounting systems.

Meet the Author

Carl S. Warren, University of Georgia

Dr. Carl S. Warren is Professor Emeritus of Accounting at the University of Georgia, Athens. Dr. Warren has taught classes at the University of Georgia, University of Iowa, Michigan State University, and University of Chicago. He focused his teaching efforts on principles of accounting and auditing. Dr. Warren received his PhD from Michigan State University and his BBA and MA from the University of Iowa. During his career, Dr. Warren published numerous articles in professional journals, including The Accounting Review, Journal of Accounting Research, Journal of Accountancy, The CPA Journal, and Auditing: A Journal of Practice and Theory. Dr. Warren has served on numerous committees of the American Accounting Association, the American Institute of Certified Public Accountants, and the Institute of Internal Auditors. He also has consulted with numerous companies and public accounting firms. His outside interests include handball, golf, skiing, backpacking, and fly-fishing.

James M. Reeve, University of Tennessee

Dr. James M. Reeve is Professor Emeritus of Accounting and Information Management at the University of Tennessee. Dr. Reeve taught full-time as part of the accounting faculty for twenty-five years after graduating with his PhD from Oklahoma State University. He presently teaches part-time at UT. His teaching efforts focused on Senior Executive MBA programs. His research interests are varied and include work in managerial accounting, supply chain management, lean manufacturing, and information management. He has published more than forty articles in academic and professional journals, including Journal of Cost Management, Journal of Management Accounting Research, Accounting Review, Management Accounting Quarterly, Supply Chain Management Review, and Accounting Horizons. He has consulted or provided training around the world for a variety of organizations, including Boeing, Procter & Gamble, Norfolk Southern, Hershey Foods, Coca-Cola, and Sony. When not writing books, Dr. Reeve plays golf and is involved in faith-based activities.

Jonathan Duchac, Wake Forest University

Dr. Jonathan Duchac is the Wayne Calloway Professor of Accounting and Acting Associate Dean of Accounting Programs at Wake Forest University. He earned his PhD in accounting from the University of Georgia and currently teaches introductory and advanced courses in financial accounting. Dr. Duchac has received a number of awards during his career, including the Wake Forest University Outstanding Graduate Professor Award, the T.B. Rose award for Instructional Innovation, and the University of Georgia Outstanding Teaching Assistant Award. In addition to his teaching responsibilities, Dr. Duchac has served as Accounting Advisor to Merrill Lynch Equity Research, where he worked with research analysts in reviewing and evaluating the financial reporting practices of public companies. He has testified before the U.S. House of Representatives, the Financial Accounting Standards Board, and the Securities and Exchange Commission and has worked with a number of major public companies on financial reporting and accounting policy issues. In addition to his professional interests, Dr. Duchac is an avid mountain biker and snow skier.

Digital Platforms

Show More

With its engaging learning and assessment tools, CengageNOWv2™ supports the entire student workflow, from motivation to mastery. For instructors, CengageNOWv2 provides control and customization with the opportunity to tailor the learning experience to improve outcomes.

Product Details

Features & Benefits

  • Activation Exercises in CengageNOWv2: These author-written Activation Exercises focus on helping students develop a better understanding of (1) key terms and definitions, (2) the economics of business transactions, (3) how these transactions are recorded in the accounting system, and where relevant, (4) how these transactions are ultimately reflected in the financial statements. The Activation Exercise interactive structure builds the critical thinking skills that are necessary for students to succeed and can be used as an introduction to topics or for review and assessment. Activation Exercises are assignable/gradable in CengageNOWv2.
  • Blueprint Problems in CengageNOWv2: Blueprint Problems are teaching problems that walk students through a single accounting topic. These problems cover the primary learning objectives and are designed to help students understand foundational content and the associated building blocks versus memorizing the formulas or journal entries. Blueprint Problems are assignable/gradable in CengageNOWv2.
  • Blueprint Connections in CengageNOWv2: Blueprint Connections are scenario-based teaching problems that solidify concepts and demonstrate their interrelationships, as well as promote critical thinking. Blueprint Connections combine multiple topics, allowing students to explore a larger concept more fully, and strengthen analytical skills. Blueprint Connections are assignable/gradable in CengageNOWv2.
  • Video: Animated Activities in CengageNOWv2: Animated Activities are engaging animated scenarios that visually guide students through selected core topics in introductory accounting. Each activity uses a realistic company example to illustrate how the concepts relate to the everyday activities of a business. These activities include multiple-choice questions that gauge student understanding of the overarching chapter concepts. Animated Activities are assignable/gradable in CengageNOWv2 and available for self-study and review.
  • EXCEL "Try It" TUTORIALS in CengageNOWv2: Located in the Study Tools Tab in CengageNOWv2, these activities provide students with basic tutorials on how to use Excel to solve accounting problems. Students practice accounting and manipulate spreadsheets using basic Excel® formulas in a simple step-by-step format. The tutorials reinforce the accounting concepts and help build students' Excel competency.

Table of Contents

Accounting

TABLE OF CONTENTS

1. Introduction to Accounting and Business.
2. Analyzing Transactions.
3. The Adjusting Process.
4. Completing the Accounting Cycle.
5. Accounting Systems.
6. Accounting for Merchandising Businesses.
7. Inventories.
8. Sarbanes-Oxley, Internal Control, and Cash.
9. Receivables.
10. Fixed Assets and Intangible Assets.
11. Current Liabilities and Payroll.
12. Accounting for Partnerships and Limited Liability Companies.
13. Corporations: Organization, Stock Transactions, and Dividends.
14. Long-Term Liabilities: Bonds and Notes.
15. Investments and Fair Value Accounting.
16. Statement of Cash Flows.
17. Financial Statement Analysis.
18. Managerial Accounting Concepts and Principles.
19. Job Order Costing.
20. Process Costing Systems.
21. Cost Behavior and Cost-Volume-Profit Analysis.
22. Budgeting.
23. Performance Evaluation Using Variances from Standard Costs.
24. Performance Evaluation for Decentralized Operations.
25. Differential Analysis, Product Pricing, and Activity-Based Costing.
26. Capital Investment Analysis.
Appendix A: Interest Tables.
Appendix B: Reversing Entries.
Appendix C: Nike Inc., Form 10-K For the Fiscal Year Ended May 31, 2013.
Appendix D: International Financial Reporting Standards.
Appendix E: Revenue Recognition Update.
Glossary.
Index.
View More Product Details

Accounting, Chapters 1-13

TABLE OF CONTENTS

1. Introduction to Accounting and Business.
2. Analyzing Transactions.
3. The Adjusting Process.
4. Completing the Accounting Cycle.
5. Accounting Systems.
6. Accounting for Merchandising Businesses.
7. Inventories.
8. Sarbanes-Oxley, Internal Control, and Cash.
9. Receivables.
10. Fixed Assets and Intangible Assets.
11. Current Liabilities and Payroll.
12. Accounting for Partnerships and Limited Liability Companies.
13. Corporations: Organization, Stock Transactions, and Dividends.
View More Product Details

Accounting, Chapters 14-26

TABLE OF CONTENTS

14. Long-Term Liabilities: Bonds and Notes.
15. Investments and Fair Value Accounting.
16. Statement of Cash Flows.
17. Financial Statement Analysis.
18. Managerial Accounting Concepts and Principles.
19. Job Order Costing.
20. Process Costing Systems.
21. Cost Behavior and Cost-Volume-Profit Analysis.
22. Budgeting.
23. Performance Evaluation Using Variances from Standard Costs.
24. Performance Evaluation for Decentralized Operations.
25. Differential Analysis, Product Pricing, and Activity-Based Costing.
26. Capital Investment Analysis.
View More Product Details

Supplements

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

FOR INSTRUCTORS

Solutions Manual, Chapters 1-17

ISBN: 9781305088450
Author-written and carefully verified multiple times to ensure accuracy and consistency with the text, the Solutions Manual contains answers to the Discussion Questions, Practice Exercises, Exercises, Problems (Series A and Series B), and Cases that appear in each chapter. Solutions for the Continuing Problem and Comprehensive Problems are also included. These solutions help you easily plan, assign, and efficiently grade assignments. Also available on the password –protected instructor website.

Solutions Manual, Chapters 18-26

ISBN: 9781305088467
Author-written and carefully verified multiple times to ensure accuracy and consistency with the text, the Solutions Manual contains answers to the Discussion Questions, Practice Exercises, Exercises, Problems (Series A and Series B), and Cases that appear in each chapter. The Comprehensive Problem solution is also included. These solutions help you easily plan, assign, and efficiently grade assignments. Also available on the password –protected instructor website.

Companion Website

ISBN: 9781305395084
This robust companion website provides immediate access to the following rich array of teaching and learning resources: This robust companion website provides immediate access to a rich array of teaching and learning resources– including the Instructor's Manual, Solutions Manual, PowerPoint slides, Excel Templates and Solutions, Practice Set Solutions, and Transparency Masters and Handouts (with solutions). Easily download the instructor resources you need from the password-protected, instructor-only section of the site.

Cengage Learning Testing, powered by Cognero® Instant Access for Warren/Reeve/Duchac's Accounting

ISBN: 9781305279650
NEW for this edition, Test Bank content is now delivered in an online platform. Cengage Learning Testing Powered by Cognero is a flexible, online system that allows you to: Author, edit, and manage test bank content from multiple Cengage Learning solutions Create multiple test versions in an instant Deliver tests from your LMS, your classroom, or wherever you want Also NEW for this edition, 100 new Test Bank questions have been added (in addition to revising numeric values for approximately 20% of the existing questions).

Working Papers, Chapters 1-17

ISBN: 9781305392373
These working papers provide students with a starting point for completing end-of-chapter assignments from the textbook.

Working Papers, Chapters 18-26

ISBN: 9781305392380
These working papers provide students with a starting point for completing end-of-chapter assignments from the textbook.

FOR STUDENTS

Working Papers, Chapters 1-17

ISBN: 9781305392373
You'll find the tools you need to help work through end-of-chapter assignments with these working papers. The preformatted files provide a starting point by giving you a basic structure for journal entries and problems.

Working Papers, Chapters 18-26

ISBN: 9781305392380
You'll find the tools you need to help work through end-of-chapter assignments with these working papers. The preformatted files provide a starting point by giving you a basic structure for journal entries and problems.

Fit and Fashionable Practice Set with Cengage Learning General Ledger Software, 2 terms (12 months) Printed Access Card

ISBN: 9781337272575
This practice set is a merchandising business operated as a proprietorship. This business is a retail and wholesale seller of fitness equipment and apparel. This set includes a general journal and special journals: sales journal, purchases journal, cash receipts journal, and cash payments journal. It also includes sub- and general ledgers, a checkbook register, and source documents. This set can be solved manually or with the General Ledger software. The estimated time to complete this practice set is 14-15 hours.

Hydro Paddle Boards Practice Set with Cengage Learning General Ledger, 2 terms (12 months) Printed Access Card

ISBN: 9781305671553
This practice set is for a manufacturing business operated as a corporation. The corporation designs and manufactures custom paddle boards and uses a job-order cost system. This set includes subsidiary ledgers, a schedule of employer payroll taxes, a schedule of unfinished goods, and job cost records. This set can be solved manually or with the General Ledger software. The estimated time to complete this practice set is 13-15 hours.

JP's Tech Solutions with Cengage Learning General Ledger, 2 terms (12 months) Printed Access Card

ISBN: 9781305671577
This practice set covers the complete accounting cycle for a retail merchandising and service business operated as a small corporation. It includes a narrative of transactions, which are to be recorded in special journals. This set can be solved manually or with the General Ledger software. The estimated time to complete this practice set is 15-16 hours.

Lawn Ranger Landscaping Practice Set with Cengage Learning General Ledger Software, 2 term (12 months) Printed Access Card

ISBN: 9781305581470
This practice set covers the complete accounting cycle for a small service business operated as a proprietorship. You will follow a narrative of transactions and instructions for an optional solution with no debits and credits. This set can be solved manually or with the General Ledger software. The estimated time to complete this practice set is 15-16 hours.

My Place: House of Décor Practice Set with Cengage Learning General Ledger, 2 terms (12 months) Printed Access Card

ISBN: 9781337272841
This practice set is based on a service and merchandising business operated as a corporation. My Place: House of Décor is an interior design firm that provides services to clients for the first months, and then adds a new component to the business for the last months -- purchasing and selling antique furniture. This set can be solved manually or with the General Ledger software. The estimated time to complete this practice set is 15-17 hours.

Chic Events by Jada Practice Set with Cengage Learning General Ledger Software, 2 terms (12 months) Printed Access Card

ISBN: 9781337272483
This practice set includes payroll transactions and purchases and sales for a merchandising business operated as a proprietorship. It includes business documents for a company that plans weddings, anniversaries, birthday parties, and corporate events, as well as selling party supplies. This set can be solved manually or with the General Ledger software. The estimated time to complete this practice set is 12-15 hours.