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Accounting

By Carl Warren, James M. Reeve, Jonathan Duchac

26th Edition © 2016
Discipline:Accounting
Course:First Year Accounting
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Close the gap between homework and exam performance with Warren/Reeve/Duchac's ACCOUNTING 26E and CNOWv2! Market--leading ACCOUNTING has been on the forefront of innovation and change based on the needs of today's teaching and learning environment. Warren/Reeve/Duchac's ACCOUNTING 26E and CNOWv2 help elevate student thinking with content that addresses each stage of the learning process from motivation to mastery. This integrated system motivates students to learn, provides practice opportunities to better prepare for exams, and helps students achieve mastery with tools to help them make connections and see the big picture.The Complete Learning System in ACCOUNTING and CNOWv2 is built around the way students use textbooks and online resources to learn, study and complete homework, allowing them to achieve ultimate success in this course. New content includes author--written Dynamic Exhibits that allow students to see connections and relationships like never before! Dynamic Exhibits allow students to change the variables in a scenario and see how a change ripples through the accounting system, helping students understand how concepts relate to one another. In addition to the many new digital assets created for this edition, the textbook content itself has also been revised to include the new revenue recognition standard and a greater emphasis on service companies in the managerial accounting chapters.The end goal of Warren/Reeve/Duchac's ACCOUNTING and CNOWv2 is to elevate thinking and create more empowered and prepared students----ready to take on the rest of their educational and career goals.

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AboutTable of contentsResourcesPricing & formatsRelated products

About this product

Close the gap between homework and exam performance with Warren/Reeve/Duchac's ACCOUNTING 26E and CNOWv2! Market--leading ACCOUNTING has been on the forefront of innovation and change based on the needs of today's teaching and learning environment. Warren/Reeve/Duchac's ACCOUNTING 26E and CNOWv2 help elevate student thinking with content that addresses each stage of the learning process from motivation to mastery. This integrated system motivates students to learn, provides practice opportunities to better prepare for exams, and helps students achieve mastery with tools to help them make connections and see the big picture.The Complete Learning System in ACCOUNTING and CNOWv2 is built around the way students use textbooks and online resources to learn, study and complete homework, allowing them to achieve ultimate success in this course. New content includes author--written Dynamic Exhibits that allow students to see connections and relationships like never before! Dynamic Exhibits allow students to change the variables in a scenario and see how a change ripples through the accounting system, helping students understand how concepts relate to one another. In addition to the many new digital assets created for this edition, the textbook content itself has also been revised to include the new revenue recognition standard and a greater emphasis on service companies in the managerial accounting chapters.The end goal of Warren/Reeve/Duchac's ACCOUNTING and CNOWv2 is to elevate thinking and create more empowered and prepared students----ready to take on the rest of their educational and career goals.

Activation Exercises in CNOWv2: 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 CNOWv2.

Blueprint Problems in CNOWv2: 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 CNOWv2.

Blueprint Connections in CNOWv2: 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 CNOWv2.

Video: Animated Activities in CNOWv2: 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 CNOWv2 and available for self-study and review.

Table of contents

Chapters

Cover Page
Title Page
Copyright Page
Warren/Reeve/Duchac Accounting & CengageNOWv2
Motivation. Set Course Expectations and Guide Students to Success!
Motivation. Expose Students to Concepts Before Class Begins!
Motivation. Expose Students to Concepts Before Class Begins!
Motivation. Make Content Relatable!
Application. Close the Gap Between Homework and Exam Performance!
Application. Help Students Make Connections and See the Big Picture!
Application. Close the Gap Between Homework and Exam Performance!
Application. Help Students Make Connections and See the Big Picture!
Mastery. Help Students Go Beyond Memorization to True Understanding!
Mastery. Help Students Build Critical Thinking Skills!
Online Solutions
New to This Edition
Instructor Resources
Student Resources
Acknowledgements
About the Authors
Study Tips. What Successful Students Are Saying
Chapter 1. Introduction to Accounting and Business*Preview this chapter
Chapter 2. Analyzing Transactions
Chapter 3. The Adjusting Process
Chapter 4. Completing the Accounting Cycle
Chapter 5. Accounting Systems
Chapter 6. Accounting for Merchandising Businesses
Chapter 7. Inventories
Chapter 8. Sarbanes-Oxley, Internal Control, and Cash
Chapter 9. Receivables
Chapter 10. Fixed Assets and Intangible Assets
Chapter 11. Current Liabilities and Payroll
Chapter 12. Accounting for Partnerships and Limited Liability Companies
Chapter 13. Corporations: Organization, Stock Transactions, and Dividends
Chapter 14. Long-Term Liabilities: Bonds and Notes
Chapter 15. Investments and Fair Value Accounting
Chapter 16. Statement of Cash Flows
Chapter 17. Financial Statement Analysis
Chapter 18. Managerial Accounting Concepts and Principles
Chapter 19. Job Order Costing
Chapter 20. Process Cost Systems
Chapter 21. Cost Behavior and Cost-Volume-Profit Analysis
Chapter 22. Budgeting
Chapter 23. Performance Evaluation Using Variances from Standard Costs
Chapter 24. Performance Evaluation for Decentralized Operations
Chapter 25. Differential Analysis, Product Pricing, and Activity-Based Costing
Chapter 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 (IFRS)
Appendix E. Revenue Recognition
End Sheets
Show more

Chapter 1. Introduction to Accounting and BusinessPreview this chapter ↗

Nature of Business and Accounting
Preview this section ↗
Types of Businesses ↗
Role of Accounting in Business ↗
Role of Ethics in Accounting and Business ↗
Opportunities for Accountants ↗
Generally Accepted Accounting Principles
Preview this section ↗
Business Entity Concept ↗
Cost Concept ↗
The Accounting Equation ↗
Business Transactions and the Accounting Equation
Preview this section ↗
Summary ↗
Financial Statements
Preview this section ↗
Income Statement ↗
Statement of Owner's Equity ↗
Balance Sheet ↗
Statement of Cash Flows ↗
Interrelationships Among Financial Statements ↗
Financial Analysis and Interpretation: Ratio of Liabilities to Owner's Equity ↗
At a Glance 1. ↗
Key Terms ↗
Illustrative Problem ↗
Discussion Questions ↗
Practice Exercises ↗
Exercises ↗
Problems: Series A ↗
Problems: Series B ↗
Continuing Problem ↗
Cases & Projects ↗
Show more

Resources

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Pricing and formats

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CNOWv2

Build accounting and tax skills with real-world practice, flexible assignments, and AI-powered support.

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ISBN-13: 9781337296892
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ISBN-13: 9781305113497
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ISBN-13: 9781305823099
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ISBN-13: 9781305823365
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ISBN-13: 9780357539866
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