Nelson Higher Education

Higher Education

Accounting, Volume 2, 1st Edition

  • Carl Warren
  • James M. Reeve
  • Jonathan Duchac
  • Sheila Elworthy
  • Tana Kristjanson
  • ISBN-10: 0176501452
  • ISBN-13: 9780176501457
  • 0 Pages | Paperback
  • COPYRIGHT: 2011 Published
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About the Product

Stay on Course! Based on the best-selling business text in the world and market-leading technology, this Canadian edition has benefited from the collaboration with hundreds of students and faculty to guide the direction of this book. By listening to students, we build an engaging text that provides the navigation tools to find relevant information quickly and easily, and includes step-by-step examples to lead students towards correct solutions. With a text that is easy to navigate through, your students are much better equipped to stay on course!


  • NETA test bank. Nelson Education Ltd. understands that an exceptional quality multiple-choice test bank provides the means to measure higher-level thinking skills, as well as recall. To ensure the value of our test banks, we have created the Nelson Education Teaching Advantage program (NETA). NETA is a program designed to validate the quality of our testbanks in a systematic fashion, and involves a partnership with David DiBattista at Brock University and our testbank authors. NETA ensures that subject-matter experts who author testbanks have had training in two areas: avoiding common errors in question and test construction, and developing multiple-choice test questions that “get beyond remembering” to assess higher-level thinking

  • Example exercises developed to reinforce fundamental concepts and procedures throughout each chapter. Like a teacher in the classroom, students follow the author’s example to see how to complete accounting applications as they appear in the text.

  • Numerous accuracy-checked problems that are integrated with the text and technology to ensure a level quality, quantity and consistency

  • “At A Glance” chapter summary grid ties everything together and helps students stay on track. The grid recaps each chapter objective and expected performance capabilities, then links to examples and practice exercises.

  • IFRS content integrated where appropriate.

  • Written for today’s students, using a high-impact writing style that emphasizes topics in a concise and clearly written manner. Direct sentences, concise paragraphs, and numbered lists provide students with an easy-to-follow structure for learning accounting, and is helpful to ELL learners.

  • Aplia, an online, interactive homework solution that improves learning by increasing student effort and engagement. Aplia provides auto-graded homework with detailed, immediate feedback in every question, and innovative teaching materials. The Aplia assignments match the language, style and structure of the textbook, allowing your students to apply what they learn directly to their homework.

About the Author

Carl Warren

Dr. Carl S. Warren is professor emeritus of accounting at the University of Georgia, Athens. For more than 25 years, Dr. Warren has taught all levels of accounting classes. In recent years, he has focused his teaching efforts on principles of accounting and auditing courses. Dr. Warren has taught classes at the University of Iowa, Michigan State University and University of Chicago. He received his Ph.D. from Michigan State University and his B.A.A. and M.A. from the University of Iowa. During his career, Dr. Warren published numerous articles in professional journals, including The Accounting Review, Journal of Accounting Research, Journal of Accountancy, The CPA Journal and Auditing: A Journal of Practice and Theory. Dr. Warren’s outside interests include handball, skiing, hiking, fly-fishing, and golf. He also spends time backpacking in U.S. national parks (Yellowstone and the Grand Canyon), playing with his grandchildren and riding ATVs and motorcycles.

James M. Reeve

Dr. James M. Reeve is Professor Emeritus of Accounting and Information Management at the University of Tennessee. Dr. Reeve taught full-time as part of the accounting faculty for twenty-five years after graduating with his PhD from Oklahoma State University. He presently teaches part-time at UT. His teaching efforts focused on Senior Executive MBA programs. His research interests are varied and include work in managerial accounting, supply chain management, lean manufacturing, and information management. He has published more than forty articles in academic and professional journals, including Journal of Cost Management, Journal of Management Accounting Research, Accounting Review, Management Accounting Quarterly, Supply Chain Management Review, and Accounting Horizons. He has consulted or provided training around the world for a variety of organizations, including Boeing, Procter & Gamble, Norfolk Southern, Hershey Foods, Coca-Cola, and Sony. When not writing books, Dr. Reeve plays golf and is involved in faith-based activities.

Jonathan Duchac

Dr. Jonathan Duchac is the Wayne Calloway Professor of Accounting and Acting Associate Dean of Accounting Programs at Wake Forest University. He earned his PhD in accounting from the University of Georgia and currently teaches introductory and advanced courses in financial accounting. Dr. Duchac has received a number of awards during his career, including the Wake Forest University Outstanding Graduate Professor Award, the T.B. Rose award for Instructional Innovation, and the University of Georgia Outstanding Teaching Assistant Award. In addition to his teaching responsibilities, Dr. Duchac has served as Accounting Advisor to Merrill Lynch Equity Research, where he worked with research analysts in reviewing and evaluating the financial reporting practices of public companies. He has testified before the U.S. House of Representatives, the Financial Accounting Standards Board, and the Securities and Exchange Commission and has worked with a number of major public companies on financial reporting and accounting policy issues. In addition to his professional interests, Dr. Duchac is an avid mountain biker and snow skier.

Sheila Elworthy

Dr. Sheila F. Elworthy, CA, is the Vice-President, Learning with the CA School of Business (CASB), the professional school for aspiring Chartered Accountants in Western Canada. Sheila has taught introductory, intermediate, and advanced accounting, and general business courses for 20 years at Camosun College, University of Victoria, Eastern Institute of Technology in Napier, New Zealand, and in the Executive Certified Management Accounting (ECMA) program. Sheila has previously worked as an Investigator for the Professional Conduct and Ethics Committee for the Institute of Chartered Accountants of BC. Her interest in successful learning processes for accounting students extends from the introductory stages in college and university settings through to the successful completion of the students’ chosen designation. Sheila received her M.B.A. from Ivey School of Business and her Doctor of Education from Simon Fraser University and qualified in 1984 as a Chartered Accountant in Ontario. In addition to her professional activities, Sheila is the Treasurer of Big Brothers Big Sisters, Chair of the Finance Committee, and a past member of the Fund Development Committee. Sheila’s interests include spending time with her husband and her three children, bridge, cycling, kayaking, and skiing.

Tana Kristjanson

Tana M. Kristjanson, CA, is an instructor in the School of Business at Camosun College, in Victoria, BC. She has also taught accounting at North Island College in Courtenay, BC, Vancouver Island University (formally Malaspina College) in Nanaimo, BC, and in the Certified Management Accounting (CMA) program. She currently teaches introductory and intermediate courses in financial accounting and auditing and has developed a college-level forensic auditing course. Her interest is in the use of reflection and student feedback as mechanisms to improve teaching. Tana became a Chartered Accountant in 2004 and spent five years in public practice, specializing in audits of family-oriented businesses. Tana’s interests include hiking, travel, and spending time with her husband, friends, and family.

Table of Contents

Volume Two

Chapter 12: Accounting for Partnerships
Chapter 13: Corporations: Organization, Share Transactions, Balance Sheet, and Statement of Retained Earnings
Chapter 14: Corporations: Additional Share Transactions, Income Statement, Accounting Changes, and Other Issues
Chapter 15: Long-Term Liabilities: Bonds and Notes
Chapter 16: Investments
Chapter 17: Cash Flow Statement
Chapter 18: Financial Statement Analysis

Appendix A Interest Tables
Appendix B End-of-Period Spreadsheet (Work Sheet) for a Merchandising Business
Appendix C The Forzani Group Ltd., 2008 Financial Statement and Notes
Appendix D Fiat S.p.A., 2008 Financial Statements and Partial Notes
Appendix E Financial Statement Analysis Ratios
Appendix F Financial Statements for Morning Java

New to this edition

  • Guiding Principles System (GPS) helps steer students through the chapter to find the information that they need quickly


All supplements have been updated in coordination with the Main title.
Please see Main title page for new to this edition information.

Instructor Supplements

Instructor's Solutions Manual for Accounting, Volume 2  (ISBN-10: 0176441549 | ISBN-13: 9780176441548)
Aplia Instant Access Code (6 mths) for Accounting, Volume 2  (ISBN-10: 0176627774 | ISBN-13: 9780176627775)

Student Supplements

Working Papers for Accounting, Volume 2  (ISBN-10: 0176478698 | ISBN-13: 9780176478698)
Aplia Instant Access Code (6 mths) for Accounting, Volume 2  (ISBN-10: 0176627774 | ISBN-13: 9780176627775)