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Essentials of Accounting is designed for the basic accounting or bookkeeping course found at career or community colleges. In only eight chapters, this brief book presents an accounting system suitable for use in any business office that is not involved with inventories of goods for resale or for use in manufacturing products for resale. Lawrence and Ryan cover the basics necessary for accounting in a business: the accounting cycle, cash and payroll accounting.
- Modular Format: The book's modular format breaks topics into discrete units, to enhance student learning. This format makes complex problems and concepts easy to understand.
- Chapter Features: At the end of selected chapters, Career Profiles highlight the success stories of accounting professionals. Two chapters, Capstone Chapters, at the end of the book provide coverage of accounting for personal service businesses: Attorneys and Physicians.
- Review Problems: A & B problem sets provide instructors with the ability to demonstrate a problem in class and assign a similar one as homework. Concept Questions provide an opportunity for review of key concepts and issues introduced in the chapter. Comprehensive problems provide opportunities to review topics and techniques from multiple chapters. These new problems fall after chapters 2 and 4.
Module 1A: The Accounting Equation and Financial Statements
Module 1B: The Double-Entry System of Accounting
Chapter 2. Accounting Procedure
Module 2A: Journalizing and Posting
Module 2B: Trial Balance and Financial Statements
Chapter 3. The End-of-Period Work Sheet
Module 3A: The Accounting Cycle and The Work Sheet
Module 3B: Prepare Financial Statements With The Aid of a Work Sheet
Chapter 4. Adjusting, Closing, and Reversing Entries
Module 4A: The Adjusting Entries
Module 4B: The Closing Entries
Module E 4C: The Reversing Entries
Chapter 5. Accounting for Cash
Module 5A: Accounting for Cash
Module 5B: Banking Procedures
Chapter 6. Payroll Accounting
Module 6A: Employee Earnings and Deductions
Module E 6B: Employer Payroll Taxes
Chapter 7. Accounting for Personal Services (Attorneys)
Chapter 8. Accounting for Personal Services (Physicians and Dentists)