Chapter Opener

Brief features about real world companies —like Google, American Eagle Outfitters, Ikea, and McDonald’s Corporation —allow students to see how the chapter’s information and insights apply to the world outside the classroom. Thinking Critically questions stimulate thought on the topics to be explored in the chapter.

Learning Objectives

Appearing in the chapter opener and within the margins of the text, learning objectives alert students to what they should expect as they progress through the chapter. Many students question the relevance of what they’re learning, which is why we explain “Why It’s Important.”

Business Transaction Analysis Models

Instructors say mastering the ability to properly analyze transactions is critical to success in this course. Price’s step-by-step transaction analysis illustrations show how to identify the appropriate general ledger accounts affected, determine debit or credit activity, present the transaction in T-account form, and record the entry in the general journal.

The Bottom Line

Appears in the margins alongside select transactions and concepts in the text. These visuals offer a summary of the effects of these transactions—the end result—on the financial statements of a business.

Recall and Important!

Recall is a series of brief reinforcements that serve as reminders of material covered in previous chapters that are relevant to the new information being presented. Important! draws students’ attention to critical materials introduced in the current chapter.

Managerial Implications

Puts your students in the role of managers and asks them to apply the concepts learned in the chapter.

About Accounting

These marginal notes contain interesting examples of how accounting is used in the real world, providing relevance to students who might not be going on to a career in accounting.

Self Review

Each section concludes with a Self Review that includes questions, multiple-choice exercises, and an analysis assignment. A Comprehensive Self Review appears at the end of each chapter. Answers are provided at the end of the chapter.

Mini-Practice Sets

In addition to two full-length practice sets that are available to your students for purchase with the textbook, Price/Haddock/Farina offers a number of mini-practice sets right in the book. This means additional practice, but less cost, for your students.

Business Connections

Reinforces chapter materials from practical and real-world perspectives:

Managerial Focus: Applies accounting concepts to business situations.

Ethical Dilemma: Provides the opportunity for students to discuss ethics in the workplace, formulate a course of action for certain scenarios, and support their opinions.

Financial Statement Analysis: A brief excerpt from a real-world annual report and questions that lead the student through an analysis of the statement, concluding with an Analyze Online activity where students research the company’s most recent financial reports on the Internet.

Extending the Thought: Activities build on chapter concepts and present new issues and situations, asking students to recall and apply learned information.

Business Communication: These activities hone students’ interpersonal skills through the preparation of a variety of business communication formats such as memos, oral presentations, outlines, and more.

Team Work: Each chapter contains a collaborative learning activity to prepare students for teamoriented projects and work environments.

Internet Connection: These activities give students the opportunity to conduct online research about major companies, accounting trends, organizations, and government agencies.