John J. Wild,
University of Wisconsin-Madison Vernon J. Richardson,
University of Arkansas Ken W. Shaw,
University of Missouri
ISBN: 0078136679 Copyright year: 2011
What's New
Entrepreneurial Openers and Assignments: Each chapter is launched with a Decision Feature that introduces an engaging entrepreneurial scenario that shows the relevance of accounting to business. These openers are motivating for students and, accordingly, helpful in teaching and learning accounting. Each chapter returns to the Decision Feature that launches the chapter with an end-of-chapter assignment, titled Entrepreneurial Decision. This assignment applies one or more learning objectives of the chapter to that entrepreneurial business.
New Feature Company: Students are provided relevant, real-world companies as a resource tool and motivating force in learning accounting. Best Buy is the new feature company, which means that each chapter has selected assignments that require student to use, analyze, or interpret its accounting data.
New Comparative Companies: For comparative purposes with Best Buy, students are provided the financial statements of RadioShack. Assignments are included that ask students to compare and interpret Best Buy and RadioShack data. Best Buy’s 2008 Annual Report is packaged in-full with the text as another learning aid, and selected 2008 financial data for both companies are included in end-of-book Appendix A. Each of these companies is integrated into the end-of-chapter material.
New Opener Companies: Each chapter of the book opens with the manager(s) of a company that applies accounting data for its business decisions. These companies are specifically chosen as motivating forces for students in that they typically reflect hip, innovative, and entertaining entrepreneurs that have successfully applied accounting data to aid in their success. Assignments are included for each chapter that ask students to further expand and apply the accounting methods of that chapter to these feature companies.
Updated Special Journal Coverage: Coverage of Cash Receipts Journal (Ch 11) and Cash Disbursements Journal (Ch 12) formerly only available via the text website, have been integrated into the text chapters this edition for complete coverage of special journal topics.
New practice sets : These assignments appearing in Chapter 12 cover special journals and subsidiary ledgers. Updated for New Standards: Materials are updated to reflect new accounting standards that are applicable to the introductory course. Examples include the new requirements for reporting effects of changes in accounting principles, the accounting for asset exchanges, and the classifications for accounting changes. Payroll and Payroll Tax and Withholding chapters have also be updated to reflect 2009 withholding data and requirements.
New streamlined content : The text is now 29 chapters. Chapters 24 and 25 of the previous edition have been combined in Chapter 24 of the second edition on financial statement analysis to streamline presentation and increase continuity for students. Other presentation enhancements include: Simplified discussion of 3-step process for analyzing transactions (Ch 2); simplified 3-step process for determining postings to T-accounts (Ch 3); s implified 3-step adjusting process and examples (Ch 5).
New Continuing Example in Merchandising Chapters: Chapters 11-14 covering financial accounting concepts through a merchandiser’s perspective feature Z-Mart company example throughout for better continuity and clarity of accounting concepts.
NEW! McGraw-Hill’s Connect uses end-of-chapter material pulled directly from the textbook to create static and algorithmic questions that can be used for practice, homework, quizzes, and tests. All new texts come bundled with Connect Plus at no additional cost.
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2011 McGraw-Hill Higher Education