In this First Edition, we include numerous pedagogical tools that expand our emphasis on student learning. Our goal is to provide a teaching and learning package that instructors and students will rate as the highest in customer satisfaction.
The Accounting Cycle
For many students, success in an introductory accounting course hinges on developing a sound conceptual understanding of the accounting cycle. As a result, we have developed a framework to help students visualize how to analyze, journalize, and post transaction data.
For many students, learning about the conceptual framework can be somewhat tedious. Yet, at the same time, we believe that students need a good understanding of the accounting assumptions, principles, and constraints that accountants use as a basis for recording and reporting financial information. As a result, we decided to integrate our discussion of accounting principles throughout the textbook as they relate to the topic at hand. However, we also realize that students might find it helpful to have a summary of all the concepts, which we provide in the Chapter 3 Appendix, Concepts in Action.
Chart of Accounts
It is important to always try to eliminate unnecessary barriers to student understanding. Sometimes, the accounting course can seem unnecessarily complicated to students because so many account titles are used. ...