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Principles of Accounting Volume 1 Financial Accounting

Contributor(s): Material type: TextTextSeries: Open textbook libraryDistributor: Minneapolis, MN Open Textbook LibraryPublisher: [Place of publication not identified] OpenStax [2019]Copyright date: ©2019Description: 1 online resourceContent type:
  • text
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 9781947172678
Subject(s): LOC classification:
  • HF5001
  • HF5625
Online resources:
Contents:
1. Role of Accounting in Society -- 2. Introduction to Financial Statements -- 3. Analyzing and Recording Transactions -- 4. The Adjustment Process -- 5. Completing the Accounting Cycle -- 6. Merchandising Transactions -- 7. Accounting Information Systems -- 8. Fraud, Internal Controls, and Cash -- 9. Accounting for Receivables -- 10. Inventory -- 11. Long-Term Assets -- 12. Current Liabilities -- 13. Long-Term Liabilities -- 14. Corporation Accounting -- 15. Partnership Accounting -- 16. Statement of Cash Flows -- 17. Answer Key
Subject: Principles of Accounting is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. Due to the comprehensive nature of the material, we are offering the book in two volumes. This book is specifically designed to appeal to both accounting and non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. Each chapter opens with a relatable real-life scenario for today’s college student. Thoughtfully designed examples are presented throughout each chapter, allowing students to build on emerging accounting knowledge. Concepts are further reinforced through applicable connections to more detailed business processes. Students are immersed in the “why” as well as the “how” aspects of accounting in order to reinforce concepts and promote comprehension over rote memorization.
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1. Role of Accounting in Society -- 2. Introduction to Financial Statements -- 3. Analyzing and Recording Transactions -- 4. The Adjustment Process -- 5. Completing the Accounting Cycle -- 6. Merchandising Transactions -- 7. Accounting Information Systems -- 8. Fraud, Internal Controls, and Cash -- 9. Accounting for Receivables -- 10. Inventory -- 11. Long-Term Assets -- 12. Current Liabilities -- 13. Long-Term Liabilities -- 14. Corporation Accounting -- 15. Partnership Accounting -- 16. Statement of Cash Flows -- 17. Answer Key

Principles of Accounting is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. Due to the comprehensive nature of the material, we are offering the book in two volumes. This book is specifically designed to appeal to both accounting and non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. Each chapter opens with a relatable real-life scenario for today’s college student. Thoughtfully designed examples are presented throughout each chapter, allowing students to build on emerging accounting knowledge. Concepts are further reinforced through applicable connections to more detailed business processes. Students are immersed in the “why” as well as the “how” aspects of accounting in order to reinforce concepts and promote comprehension over rote memorization.

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In English.

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