Chapter 1
• New Opener, Life is good, with new entrepreneurial assignment
• New explanation of accounting principles, assumptions, and constraints
• Updated information on accounting opportunities and salaries
• New and updated decision insight boxes
• New information and graphic on accounting scandals
• Enhanced coverage of SOX and governance systems
• Early introduction to transactions and financial statements

Chapter 2
• New Opener, Spanx, with new entrepreneurial assignment
• Streamlined introduction to double-entry accounting
• Updated and enhanced decision insight boxes
• New company, Skechers, in Decision Analysis section
• Enhanced and new assignments

Chapter 3
• New Opener, Betty Rides, with new entrepreneurial assignment
• Streamlined and improved learning objectives
• New summary for student at end of each adjustment highlighting results: Before - At - After Adjustment
• Enhanced explanations of adjusting entries
• Updated Limited Brands for Decision Analysis
• Appendix 3C, reversing entries, on Web for free download

Chapter 4
• New Opener, Big Bad Toy Store, with new entrepreneurial assignment
• Streamlined coverage of trade discounts
• Enhanced explanation of purchase returns, including entries
• Streamlined coverage of closing entries
• Updated Decision Analysis on acid-test and gross margin ratios
• Enhanced Appendix A on periodic inventory, including entries
• Expanded and new assignments

Chapter 5
• Revised Opener, Surf Diva, with revised entrepreneurial assignment
• Enhanced and improved explanations for specific identification, FIFO, LIFO, and weighted-average
• New Decision Insight on SOX and inventory controls
• Enhanced explanation of the lower of cost or market
• Revised and improved presentation of inventory errors
• Updated Toys “R” Us for Decision Analysis
• Expanded details for periodic inventory in Appendix 5A
• Appendix 5B, inventory estimation, on Web for free download

Chapter 6
• New Opener, Dylan’s Candy Bar, with new entrepreneurial assignment
• New coverage of SOX and internal controls
• New section on cash management
• New Decision Insights on SOX and warning signs of control failures
• New discussion of ATMs, online banking, and EFTs
• Enhanced explanation of adjusting entries from bank reconciliations
• Updated Hasbro and Mattel for Decision Analysis
• Appendix 6B, net method for discounts, on Web for free download
• Expanded and new assignments

Chapter 7
• New Opener, Under Armour, with new entrepreneurial assignment
• New organization for direct write-off and allowance methods
• New listing of companies that apply direct writeoff
• New, enhanced exhibit on bad debts estimation methods
• New Decision Insight on assessing the proper allowance
• Updated Dell and Apple for Decision Analysis
• Expanded assignments, especially on estimating bad debts

Chapter 8
• New Opener, Sambazon, with new entrepreneurial assignment
• Enhanced explanations and graphics for depreciation methods
• New example on reporting depreciation, Dale Jarrett Racing
• Enhanced explanation of ordinary repairs, including entry
• Illustration of a simple depletion entry
• Improved explanations and organization of intangibles
• Updated Molson Coors and Anheuser-Busch for Decision Analysis
• Revised Appendix 8A on exchanging plant assets

Chapter 9
• New Opener, Noodles & Company, with new entrepreneurial assignment
• Updated payroll illustrations and assignments to reflect 2008 rates
• New Decision Insight on risks and controls with payroll
• New table reports who pays what taxes
• New presentation for contingent liabilities

Chapter 10
• New Opener, Rap Snacks, with new entrepreneurial assignment
• Streamlined bond illustrations to consist of shortperiod bond lives
• Enhanced straight-line amortization tables
• Updated Six Flags for Decision Analysis
• Added assignments that provide amortization tables but require accounting entries and adjustments

Chapter 11
• New Opener, Garrison Guitars, with new entrepreneurial assignment
• New graphic for authorized, issued, and outstanding stock
• Enhanced graphic and explanation of stock splits
• Updated and streamlined the reporting of equity and stock options
• Updated Amazon.com and Altria Group for Decision Analysis

Chapter 12
• New Opener, Jungle Jim’s International Market, with new entrepreneurial assignment
• New Decision Insight on managerial latitude in reporting cash
• Enhanced explanation and graphics on operating, investing, and financing
• Updated Decision Insight on cash versus income levels
• Enhanced exhibit on indirect method adjustments
• Updated Nike for Decision Analysis
• New assignments, especially on indirect method reporting

Chapter 13
• Revised Opener, Motley Fool, with revised entrepreneurial assignment
• New Best Buy financial statement information throughout
• Enhanced presentation on comparative financial statements
• New comparative analyses on Best Buy versus Circuit City and RadioShack
• Updated exhibits throughout chapter with up-todate financials
• RadioShack added to ratio analysis of Best Buy versus Circuit City