Essentials of Accounting

For courses in Introductory Accounting. The leading programmed text in accounting, Essentials of Accounting is a self-teaching, self-paced introduction to financial accounting for active users of business data-rather than preparers of accounting information (bookkeepers). It presents the ideas and terminology essential to an understanding of balance sheets, income statements, and statements of cash flows. Every frame requires students to solve a problem involving accounting information-e.g., selecting a correct word from two choices, providing an answer, making a journal entry, or preparing a complete balance sheet. Appropriate for undergraduate and graduate, executive, vocational or management training. May also be used in conjunction with software to provide core material in a computerized accounting course. An ideal introduction/review, this supplemental text frees up professors from at least five class sessions in a conventional first course in accounting, and is ideal for those entering or in the first weeks of an MBA program.* NEW-Leslie Pearlman from Harvard University has now joined the team as a co-author for the Seventh Editions. * NEW-Use of the year "2000" wherever feasible. * Helps students become accustomed to date formats in the new millennium. * Self-teaching format-Consists of 11 Parts, each with an average of 75 "frames." Each frame is a sentence or short paragraph that asks students to DO something relevant to the point being made: fill in a blank with the correct word, number, or term; select the correct alternative; calculate an amount; make a journal entry, prepare a simple financial statement. In the early Parts, the frames are relatively short and simple; in later Parts they are more complicated. Repetition is deliberately used throughout to solidify key points and concepts. A "Response Mask" flap on the back cover folds over and "masks" the correct answers (to encourage learning) as the student progresses through the text. * A time-honored, detailed step-by-step approach that requires students to actively participate in the learning process and that guarantees mastery of basics. * A serious focus on the use of information-Rather than on bookkeeping. Describes some of the complicated accounting practices and is entirely consistent with pronouncements of the Financial Accounting Standards Board. * A gradual progression in level of rigor-Begins with a conceptual foundation; the mechanics of debits/credits, etc. come later in order not to detract from the underlying concepts. * Helps students develop an understanding of essential ideas from basic concepts before moving on to more difficult material. * Strong pedagogic support-Includes chapter objectives, "key points to remember," post tests, and glossary. * Provides students with convenient in-text study/review aids. * An accompanying self-contained booklet-Includes an expanded glossary/index of terms with definitions, exhibits, and post-tests with answers for each chapter.

Table of Contents:
Introduction. How to Use This Program. 1. Basic Concepts and the Balance Sheet. 2. More About the Balance Sheet. 3. Balance Sheet Changes; Income Measurement. 4. Accounting Records and Systems. 5. Revenues and Monetary Assets. 6. Expense Measurement; The Income Statement. 7. Inventories and Cost of Sales. 8. Noncurrent Assets and Depreciation. 9. Liabilities and Equity. 10. Statement of Cash Flows. 11. Analysis of Financial Statements. A separate booklet attached to the back of the book includes: Exhibits. Post Tests. Answers to Post Tests. Glossary and Index.