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Financial Accounting

By Carl Warren, Christine Jonick, Jennifer Schneider

16th Edition © 2021
Discipline:Accounting
Course:Financial Accounting
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Provide a strong foundation in financial accounting that prepares students for success in future study and practice in today's business world with Warren/Jonick/Schneider's leading FINANCIAL ACCOUNTING, 16E. This edition connects financial accounting concepts to the "bigger picture" as chapter-opening schemas clearly demonstrate how each chapter's content fits within the overall framework of the book. CNOWv2's Journal Entry Tool reinforces this approach by automatically illustrating the impact of transactions on the accounting equation. In addition, the authors' hallmark coverage of the accounting cycle provides an unmatched foundation for success in later chapters, upcoming coursework and even future careers. The authors have carefully streamlined content and improved learning features throughout this edition and CNOWv2's digital resources to ensure students have the understanding and tools to succeed.

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About this product

Provide a strong foundation in financial accounting that prepares students for success in future study and practice in today's business world with Warren/Jonick/Schneider's leading FINANCIAL ACCOUNTING, 16E. This edition connects financial accounting concepts to the "bigger picture" as chapter-opening schemas clearly demonstrate how each chapter's content fits within the overall framework of the book. CNOWv2's Journal Entry Tool reinforces this approach by automatically illustrating the impact of transactions on the accounting equation. In addition, the authors' hallmark coverage of the accounting cycle provides an unmatched foundation for success in later chapters, upcoming coursework and even future careers. The authors have carefully streamlined content and improved learning features throughout this edition and CNOWv2's digital resources to ensure students have the understanding and tools to succeed.

CNOWv2 BETTER PREPARES STUDENTS FOR THE EXAM. CNOWv2’s Blank Sheet of Paper activities provide an online homework experience that replicates what students will experience on the exam and in the today's business world. This approach ensures student have mastered the concepts rather than simply guessing their way through the homework.

PRESENTATION STYLE APPEALS TO CONTEMPORARY LEARNERS. Built for today's students, this edition's presentation provides content in a way that reflects how the current generation of students reads and assimilates information. The authors use concise paragraphs and bullets, step-wise progression and meaningful Illustrations and graphs to engage readers and ensure retention.

"SHOW ME HOW" VIDEOS IN CNOWv2 CLARIFY PROCESSES. Created for the most frequently assigned end-of-chapter items, hundreds of "Show Me How" problem demonstrations provide a step-by-step model of a similar problem. Embedded tips and warnings help students avoid common mistakes and pitfalls, keeping them on track and reducing frustration. Identified by an icon in the text margins, "Show Me How" videos correspond to specific assignments in CNOWv2 and offer ideal opportunities for self-study and review.

EMPHASIS ON ETHICS REINFORCES THIS EDITION'S PRACTICAL APPROACH. Actual ethical situations related to each chapter’s topics are integrated throughout the individual chapters. Memorable "Ethics: Do It" learning features illustrate a situation with a positive ethical response, while "Ethics: Don’t Do It" features demonstrates professional situations depicting a negative ethical response.

Table of contents

Chapters

Cover Page
Title Page
Copyright Page
Preface
About the Authors
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. Internal Control and Cash
Chapter 9. Receivables
Chapter 10. Long-Term Assets: Fixed and Intangible
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
Chapter 16. Statement of Cash Flows
Chapter 17. Financial Statement Analysis
A. Appendix
B. Appendix
C. Appendix
Financial Statements for Mornin’ Joe
The Basics
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 ↗
Time Period 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 ↗
Illustrative Problem ↗
Key Terms ↗
Discussion Questions ↗
Practice Exercises ↗
Exercises ↗
Problems: Series A ↗
Problems: Series B ↗
Continuing Problem ↗
Cases & Projects ↗
Show more

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