Stacey M. Whitecotton,
Arizona State University Robert Libby,
Cornell University Fred Phillips,
University of Saskatchewan
ISBN: 0078110777 Copyright year: 2011
Feature Summary
Unique Approach: Teaching Accounting in the Context of Business Using Familiar Focus Companies
A great number of students taking the managerial accounting course are not accounting majors, and these students want to understand how managerial accounting concepts connect to their future careers. To help make this connection, Whitecotton 1e follows a guiding philosophy – that accounting is best taught within the context of business. Whitecotton 1e does this by focusing each chapter on a real and recognizable business, and continuing to use that business throughout the chapter to convey managerial accounting principles. Providing this context gives students a familiar framework to which they can relate. Since many of the businesses used in the text are part of students’ everyday lives, this also helps diminish the natural anxiety many students bring to accounting courses.
Coach’s Tips
Students might not always grasp the concepts without some encouragement and Coach’s Tips are just one way that Whitecotton/Libby/Phillips fulfills that need. Coach’s Tips appear throughout the text offering topics, advice, and suggestions about how to learn key concepts of managerial accounting.
Self-Study Practice
Research shows students learn best when they are actively engaged in the learning process. This active learning feature engages the student, provides interactivity, and promotes efficient learning. These quizzes ask students to pause at strategic points throughout each chapter to ensure they understand key points before moving ahead.
Spotlight on Decision-Making Good decision-making is essential in business whether you are preparing, using, or analyzing accounting information.
Spotlight on Business Decisions
Spotlight on Business Decisions helps students develop good decision-making skills by illustrating the relevance of accounting in real-world decision-making.
Spotlight on Ethics
Recent events in the accounting profession have made ethics more crucial than ever. This feature conveys the importance of acting responsibly in business practice.
End-of-Chapter Material
Each chapter is followed by an extensive variety of end-of-chapter material that examines and integrates concepts presented in the chapters.
Chapter Summary by learning objectives Each chapter ends with an end-of-chapter summary that reinforces the learning objectives from the beginning of the chapter.
Key Terms Includes key terms, definitions, and page references. Full definitions for all key terms are found in the back of the text.
Questions Each chapter includes 10-20 questions that ask students to explain as well as discuss terms and concepts discussed in the chapter.
Multiple-choice Questions Each chapter includes 10 multiple-choice questions that let students practice basic concepts. Solutions are provided for all questions in the back of the text.
Mini-Exercises Assignments that illustrate and apply the chapters’ learning objectives.
Exercises Additional assignments that illustrate and apply single or sometimes multiple learning objectives from the chapter.
Problems (Set A and B) Each chapter includes two problem sets to help students develop decision-making skills.
Skills Development Plan Each chapter has three cases that are designed to help students develop critical thinking skills. These cases allow for group discussions and projects.
Technology
Students have different learning styles and conflicting time commitments, so they want technology tools that help them study more efficiently and effectively. McGraw-Hill’s Connect Accounting, Connect Plus Accounting, and downloadable iPod® content provide students with powerful tools tied directly to the textbook, which will help them maximize their study time and make their learning experience more enjoyable. In addition, Connect Accounting gives instructors complete online course management tools for assignments, assessments, and reports. Algorithmic and static questions allow for an endless number of practice problems for students. Connect Accounting also includes a self-quiz and study feature for students and pre-built assignments for instructors.
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2011 McGraw-Hill Higher Education