Chapter 1

• LoveSac CHAPTER opener with chapter entrepreneurial assignment
• Early introduction to financial statements
• Enhanced transaction analysis using expanded accounting equation
• Chapter material on frauds such as Tyco and WorldCom
• Illustration and assignments on ethics
• Chapter insight on principles-based accounting
• Chapter evidence on small businesses
• Materials on Sarbanes-Oxley

Chapter 2

• Cake Love CHAPTER opener with chapter entrepreneurial assignment
• Introduction to asset accounts
• Streamlined introduction to double-entry accounting
• Chapter color layout for transaction analysis
• Chapter insight on women entrepreneurs
• Insight on unearned revenues
• Insight on manager pay under Sarbanes-Oxley

Chapter 3

• Alienware CHAPTER opener with chapter entrepreneurial assignment
• Graphics for prepaid expenses
• Graphic for unearned revenues
• Insight on gift card sales as unearned revenues
• Illustration of accrued revenues
• Revised exhibit on accounting adjustments
• Enhanced assignments for adjusting entries and ethics
• Streamlined exhibit for closing entries

Chapter 4

• CoCaLo CHAPTER opener with chapter entrepreneurial assignment
• Enhanced illustration of operating cycle
• Exhibit on closing entries
• Streamlined multi-step income statement
• Merchandiser work sheet in appendix

Chapter 5

• Surf Diva CHAPTER opener with chapter entrepreneurial assignment
• Improved exhibit on cost flow assumptions
• Exhibit on inventory methods
• Enhanced exhibit on lower of cost or market
• Revised serial problem to include LCM

Chapter 6

• Raising Cane's Chicken Fingers CHAPTER opener with chapter entrepreneurial assignment
• Material on e-commerce, its risks, its controls, and identity theft
• Insight on credit card fraud
• Illustration on “Hacker” risks
• Diagram on controls for over-the-counter cash receipts
• Updated data on Internet frauds
• Information on check fraud
• Data on fees for bank services

Chapter 7

• Linditas' CHAPTER opener with chapter entrepreneurial assignment
• Explanation of credit and debit cards
• Simplified estimation of uncollectibles
• Data on PayPal and credit card growth
• Enhanced exhibit on aging of receivables
• Data on bad debt percentages
• Enhanced exhibit on computing maturity date

Chapter 8

• Fairytale Brownies CHAPTER opener with chapter entrepreneurial assignment
• Revised exhibit on plant asset disposals
• Data on depreciation methods used
• Plant asset exchanges in appendix
• Updated for chapter standard on asset exchanges
• Chapter assignments on asset disposals, goodwill, and intangibles

Chapter 9

• Wildflower Linen CHAPTER opener with chapter entrepreneurial assignment
• Insight on gift card liabilities
• IRS tax forms
• IRS withholding table
• Insight on guaranteed salary liabilities
• Insight on extended-warranty contracts
• Applied 2006 payroll tax rates throughout
• Diagram for contingent liabilities

Chapter 10

• Melton Franchise Systems CHAPTER opener with chapter entrepreneurial assignment
• Enhanced exhibit on bond interest computation and journal entry
• Moved discussion of debt features to the decision analysis section
• Streamlined bond-issuing procedures
• Moved 'issuing bonds between interest dates' to appendix
• Streamlined installment notes
• Ratio analysis on debt-to-equity

Chapter 11

• Medsite CHAPTER opener with chapter entrepreneurial assignment
• Enhanced graphic on equity composition
• 'Paid-in capital' used in lieu of 'contributed capital'
• Moved section on dividends before preferred stock
• Streamlined computation of weighted-average shares
• Updated and streamlined stock options
• Chapter assignments on stock, EPS, and ethics
• Moved discontinued and extraordinary items to Ch. 13

Chapter 12

• Ashtae Products CHAPTER opener with chapter entrepreneurial assignment
• Chapter diagram on cash effects of changes in current assets and liabilities
• Enhanced exhibit on summary adjustments for indirect method
• Chapter insight on measuring free cash flow

Chapter 13

• The Motley Fool CHAPTER opener with chapter entrepreneurial assignment
• Chapter horizontal and vertical analysis using Best Buy
• Enhanced common-size analysis of Circuit City and Best Buy
• Chapter ratio analysis of Best Buy and Circuit City
• Chapter debt-to-equity analysis
• Chapter appendix on “sustainable income,” with chapter requirements for accounting changes
• Streamlined intro to comprehensive income