By Walter T. Harrison Jr., Charles T. Horngren, C. William Thomas
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Financial Accounting is helping scholars “nail” the accounting cycle!
Financial Accounting positive factors the ‘accounting cycle’ up entrance within the textual content so one can bring up luck and retention afterward. The ideas and mechanics scholars study within the severe ‘accounting cycle’ chapters are used regularly and repetitively—and with uncomplicated information and explanations—throughout the rest of the textual content, therefore minimizing confusion.
MyAccountingLab for Financial Accounting is an internet homework, instructional, and evaluation software that actually engages scholars in studying. It is helping scholars greater arrange for sophistication, quizzes, and exams—resulting in larger functionality within the course—and presents educators with a dynamic set of instruments for gauging person and sophistication progress.
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This software provides a greater educating and studying event. Financial Accounting, 10th Edition will:
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This new version keeps to prepare key AIS path content material (e. g. ERP and relational databases, REA, controls) round 4 significant subject matters: simplicity of writing and presentation (lower level), company methods, accounting and IT controls, and ethics because it pertains to accounting structures. this article deals real-world concentration that affects the bankruptcy exposition, dialogue questions, and end-of-chapter workouts and circumstances.
Content material: bankruptcy 1 historical past of Fraud Auditing and Forensic Accounting (pages 1–37): bankruptcy 2 Fraud ideas (pages 39–69): bankruptcy three Fraud Schemes (pages 71–94): bankruptcy four crimson Flags (pages 95–112): bankruptcy five Fraud chance evaluation (pages 113–129): bankruptcy 6 Fraud Prevention (pages 131–143): bankruptcy 7 Fraud Detection (pages 145–156): bankruptcy eight Fraud reaction (pages 157–173): bankruptcy nine machine Crime (pages 175–194): bankruptcy 10 Fraud and the Accounting info method (pages 195–212): bankruptcy eleven amassing proof (pages 213–223): bankruptcy 12 Cyber Forensics (pages 225–238): bankruptcy thirteen acquiring and comparing Nonfinancial facts in a Fraud exam (pages 239–248): bankruptcy 14 normal standards and criteria for constructing knowledgeable Witness's skills (pages 249–262): bankruptcy 15 The criminal function and skills of a professional Witness (pages 263–276): bankruptcy sixteen potent strategies and techniques for the specialist Witness in courtroom (pages 277–290): bankruptcy 17 Fraud and the general public Accounting career (pages 291–309):
ALERT: before you buy, seek advice from your teacher or evaluation your direction syllabus to make sure that you decide the right kind ISBN. numerous models of Pearson's MyLab & getting to know items exist for every name, together with personalized types for person colleges, and registrations will not be transferable.
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Additional info for Financial Accounting
S books at its historical cost of $590,000. , intends to stay in business and use the building, not to sell it, so its historical cost is the most #149446 Cust: Pearson Au: Harrison Pg. No. 8 Title: Server: C/M/Y/K Short / Normal DESIGN SERVICES OF S4carlisle Publishing Services The Financial Statements 9 relevant and the most faithful representation of its carrying value. It is also the most easily verifiable (auditable) amount. Should the company decide to sell the building later at a price above or below its carrying value, it will record the cash received, remove the carrying value of the building from the books, and record a gain or a loss for the difference at that time.
The basic component of paid-in capital is common stock, which the corporation issues to the stockholders as evidence of their ownership. All corporations have common stock. ■ Retained earnings is the amount earned by income-producing activities and kept for use in the business. Three major types of transactions affect retained earnings: revenues, expenses, and dividends. ■ Revenues are inflows of resources that increase retained earnings by delivering goods or services to customers. ’s retained earnings.
Has some other categories of expenses: ■ Operating expenses (line 6) are the costs of everyday operations that are not directly related to merchandise purchases and occupancy. Many expenses may be included in this category, including sales commissions paid to employees, catalog production, mailing costs, warehousing expenses, depreciation, executive salaries, and other home-office expenses. These expenses amounted to $3,836 million during the 12 months ended January 28, 2012. ■ Interest expense, net (line 7) was $69 million for the 12 months ended January 28, 2012.