Nelson Higher Education

Higher Education

Corporate Financial Accounting, 11th Edition

  • Carl Warren
  • James M. Reeve
  • Jonathan Duchac
  • ISBN-10: 0538480920
  • ISBN-13: 9780538480925
  • 880 Pages | Paperback
  • Previous Editions: 2009, 2007, 2005
  • COPYRIGHT: 2012 Published
Request a Copy for Review

Overview

About the Product

Activate learning with Warren/Reeve/Duchac, CORPORATE FINANCIAL ACCOUNTING! Warren offers students clear guidance to complete homework with an efficient presentation for today's learner. Warren delivers: Expanded Choice: Many adaptations and purchasing formats (print, Excel for Success adaptation, digital eBook, Loose-Leaf, and textbook rental options). Increased Engagement: A high-impact writing style with contemporary examples, IFRS coverage and multimedia support. Improved Outcomes: Reliable end-of-chapter homework complemented by CengageNOW and Aplia online software to help manage your course and track student performance. Ease of Use: Premium instructor materials will help you plan your course with ease! From preparing for class to assessing students, Warren's market-leading resources offer a highly engaging teaching and learning experience.

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.

Table of Contents

1. Introduction to Accounting and Business.
2. Analyzing Transactions.
3. The Adjusting Process.
4. Completing the Accounting Cycle.
5. Accounting for Merchandising Businesses.
6. Inventories.
7. Sarbanes-Oxley, Internal Control, and Cash.
8. Receivables.
9. Fixed Assets and Intangible Assets.
10. Current Liabilities and Payroll.
11. Corporations: Organization, Stock Transactions, and Dividends.
12. Long-Term Liabilities: Bonds and Notes.
13. Investments and Fair Value Accounting.
14. Statement of Cash Flows.
15. Financial Statement Analysis.
Appendix A. Interest Tables.
Appendix B. Reversing Entries.
Appendix C. Nike, Inc. 2009 10-K.
Appendix D. International Financial Reporting Standards.
Appendix CX. Special Journals and Subsidiary Ledgers.
Appendix DX. End-of-Period Spreadsheet (Worksheet) for a Merchandising Business.

New to this edition

  • Updated IFRS Coverage: IFRS icons throughout the text point to specific chapter content that is then detailed in our IFRS table and discussion openers at the end of the textbook. This table has been expanded to outline IFRS and its impact on accounting concepts. Additional IFRS features throughout the book alert students to areas where GAAP and IFRS contrast one another. New end-of-chapter questions test students on their knowledge of IFRS. A supplemental PowerPoint presentation on IFRS will help instructors understand this complex topic and teach students.
  • Complete Learning System: Students can easily locate the information they need to efficiently master course concepts using the Complete Learning System. At the beginning of every chapter, students have a map of the chapter objectives and outcomes, Example Exercises in the chapter, and corresponding Practice Exercises in the homework. The "At a Glance" chapter summary completes this proven system that leads students quickly to the information they need.
  • Enhanced Transaction Analysis: This new format in Chapter 2 has been implemented and includes the following elements: (1) transaction description, (2) analysis, (3) journal entry, and (4) accounting equation impact incorporating debits and credits with T-accounts. This helps students understand how to analyze and record transactions. In Chapter 3 it describes and illustrates adjusting entries.
  • NEW Table Summarizing Common Transaction Terminology: In Chapter 2, this table summarizes common transaction terminology, linking that transaction to the debited and credited account. This table will aid students in preparing journal entries for homework and test purposes.
  • Enhanced Instructor Resources: The test bank has been updated and enhanced with multiple rounds of verification to ensure accuracy and consistency with the textbook. The PowerPoint slides have been closely reviewed and updated by the author team to be contemporary and comprehensive.
  • NEW Financial Analysis and Interpretation learning objectives take the accounting concepts presented in the chapter and apply them to real world situations (i.e. horizontal analysis, segment analysis, revenue per employee, dividend yield).
  • Updated Chapter 15: The authors added an illustration of an interest earned timeline to help students see interest calculations for bonds. The presentation and end-of-chapter materials have been simplified for valuing and reporting trading and available-for-sale securities.
  • CORPORATE FINANCIAL ACCOUNTING, 11e Key Features – Faculty: Example Exercises: Based on extensive market feedback, Example Exercises were developed to reinforce concepts and procedures in a bold, new way. Like a teacher in the classroom, students follow the authors' example to see how to complete accounting applications in the textbook. Each Example Exercise references the parallel Practice Exercises in the homework so students get the accounting experience they need.
  • "At a Glance" Chapter Summary: The "At a Glance" summary grid ties everything together at the end of the chapter and helps students stay on track. First, the Key Points recap the chapter content for each chapter objective. Second, the related Key Learning Outcomes list all of the expected student performance capabilities that come from completing each objective. In case students need further practice on a specific outcome, the last two columns reference related Example Exercises and their corresponding Practice Exercises. In addition, the "At a Glance" grid guides struggling students from the assignable Practice Exercises to the resources in the chapter that will help them complete their homework. Through this intuitive grid, all of the chapter pedagogy links together in one cleanly integrated summary.
  • Market Leading End-of-Chapter Material: Students need to practice accounting so that they can understand and use it. To give students the greatest possible advantage in the real world, CORPORATE FINANCIAL ACCOUNTING, 11e, goes beyond presenting theory and procedure with comprehensive, time-tested end-of-chapter material.

Supplements

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

Instructor Supplements

Corporate Financial Accounting  (ISBN-10: 1111527474 | ISBN-13: 9781111527471)

Activate learning with Warren/Reeve/Duchac, CORPORATE FINANCIAL ACCOUNTING! Warren offers students clear guidance to complete homework with an efficient presentation for today's learner. Warren delivers: Expanded Choice: Many adaptations and purchasing formats (print, Excel for Success adaptation, digital eBook, Loose-Leaf, and textbook rental options). Increased Engagement: A high-impact writing style with contemporary examples, IFRS coverage and multimedia support. Improved Outcomes: Reliable end-of-chapter homework complemented by CengageNOW and Aplia online software to help manage your course and track student performance. Ease of Use: Premium instructor materials will help you plan your course with ease! From preparing for class to assessing students, Warren's market-leading resources offer a highly engaging teaching and learning experience.

Solutions Manual, Chapters 1-15  (ISBN-10: 1111527032 | ISBN-13: 9781111527037)

The Solutions Manual contains answers to all exercises, problems, and activities that appear in the text. As always, the solutions are author-written and verified multiple times for numerical accuracy and consistency with the core text.

Instructor's Resource CD-ROM  (ISBN-10: 1111527601 | ISBN-13: 9781111527600)

This convenient resource includes the PowerPoint® Presentations (Exhibit, Lecture and Student Learning), Instructor's Manual, Solutions Manual, Test Bank, ExamView®, Achievement Tests, Klooster/Allen Inspector, and Excel Template Solutions. All the basic material an instructor would need is available in one convenient place on this IRCD. All end-of-chapter materials featured in the solutions manual have been updated.

Solutions Transparency Exercises, Chapters 1-15  (ISBN-10: 111152758X | ISBN-13: 9781111527587)

Exercises are available in transparency form for use on an overhead projector.

Instructor's Manual, Chapters 1-15  (ISBN-10: 1111527415 | ISBN-13: 9781111527419)

This manual contains a number of resources designed to aid instructors as they prepare lectures, assign homework, and teach in the classroom. For each chapter, the instructor is given a brief synopsis and a list of objectives. Then each objective is explored, including information on Key Terms, Ideas for Class Discussion, Lecture Aids, Demonstration Problems, Group Learning Activities, Exercises and Problems for Reinforcement, and Internet Activities. Also, Suggested Approaches are included that incorporate many of the teaching initiatives being stressed in higher education today, including active learning, collaborative learning, critical thinking, and writing across the curriculum.

Test Bank, Chapters 1-15  (ISBN-10: 1111527490 | ISBN-13: 9781111527495)

The test bank has been updated and enhanced with content changes, multiple rounds of verification and over 15 reviewers have ensured accuracy and consistency with the textbook. For each chapter, the Test Bank includes True/False questions, Multiple- Choice questions, and Problems, each marked with a difficulty level, chapter objective association, and a tie-in to standard course outcomes. Among the 2,800 test bank questions, variations of the Example Exercises have been added to this bank for further quizzing and better integration with the textbook. In addition, the bank provides a grid for each chapter that compiles the correlation of each question to the individual chapter's objectives, as well as a ranking of difficulty based on a clearly described categorization. Through this helpful grid, making a test that is comprehensive and well-balanced is easy!

Solutions Transparencies (A Problems), Chapters 1-15  (ISBN-10: 1111527172 | ISBN-13: 9781111527174)

These are solutions to selected problems from the textbook for you to use on an overhead projector.

Solutions Transparencies (B Problem), Chapters 1-15  (ISBN-10: 1111527431 | ISBN-13: 9781111527433)

These are solutions to selected problems from the textbook for you to use on an overhead projector.

Working Papers, Chapters 1-15  (ISBN-10: 0538481226 | ISBN-13: 9780538481229)

The traditional working papers include problem-specific forms for preparing solutions for Exercises, A & B Problems, the Continuing Problem, and the Comprehensive Problems from the textbook. These forms, with pre-printed headings, provide a structure for the problems, which helps students get started and saves them time. Additional blank forms are included.

General Ledger Software  (ISBN-10: 1111529167 | ISBN-13: 9781111529161)

Prepared by Dale Klooster and Warren Allen, this best-selling, educational, general ledger package introduces students to the world of computerized accounting through a more intuitive, user-friendly system than the commercial software they'll use in the future. In addition, students have access to general ledger files with information based on problems from the textbook and practice sets. This context allows them to see the difference between manual and computerized accounting systems firsthand and includes a problem checker. Problems that can be used with Klooster/Allen are highlighted by an icon. Inspector software is found on the IRCD and allows instructors to grade students' work.

WebTutor™ on Blackboard®, 1 term (6 months) Instant Access  (ISBN-10: 1111614695 | ISBN-13: 9781111614690)

WebTutor offers rich, text-specific content within your Course Management System. Simply load a WebTutor cartridge into your Course Management System: WebCT, Blackboard, eCollege. Easily blend, add, edit, reorganize, or delete content. WebTutor offers premium content that is text-specific. Whether you want to Web-enable your class or put an entire course online, WebTutor delivers. Visit www.cengage.com/webtutor to learn more.

WebTutor™ on WebCT, 1 term (6 months) Instant Access  (ISBN-10: 1111614547 | ISBN-13: 9781111614546)

WebTutor offers rich, text-specific content within your Course Management System. Simply load a WebTutor cartridge into your Course Management System: WebCT, Blackboard, eCollege. Easily blend, add, edit, reorganize, or delete content. WebTutor offers premium content that is text-specific. Whether you want to Web-enable your class or put an entire course online, WebTutor delivers. Visit www.cengage.com/webtutor to learn more.

Lucy’s Doggie Care Practice Set Key with K & A Inspector CD-ROM  (ISBN-10: 1111528616 | ISBN-13: 9781111528614)

This practice set is a small business offering pet daycare services; pet bathing and grooming; and, retail sales of specialty pet products.

Study Guide, Chapters 1-15  (ISBN-10: 0538481153 | ISBN-13: 9780538481151)

This author-written guide provides students Quiz and Test Hints, Matching questions, Fill-in-the-Blank questions (Parts A & B), Multiple-Choice questions, True/False questions, Exercises, and Problems for each chapter. Designed to assist students in comprehending the concepts and principles in the text, solutions for all of these items are available in the guide for quick reference.

Digital Revolution Services Practice Set with General Ledger Software  (ISBN-10: 1111528470 | ISBN-13: 9781111528478)

Retail business dealing in sales of computers and peripherals, setup as a corporate entity. It includes a narrative of transactions, which are to be recorded in special journals.

Luxurious Spa Practice Set with General Ledger Software  (ISBN-10: 1111528462 | ISBN-13: 9781111528461)

This practice set is set up as a business that designs and manufactures custom bathroom storage cabinets and sauna units. Luxurious Spa uses only the general ledger.

Aplia  (ISBN-10: 0324827644 | ISBN-13: 9780324827644)
Glorious Lawn Care Practice Set with General Ledger Software  (ISBN-10: 1111528284 | ISBN-13: 9781111528287)

This practice set includes a narrative of transactions. Glorious Garden can be completed using either journal entries or the accounting equation.

Pumping Iron Key with General Ledger Inspectors CD-ROM  (ISBN-10: 1111528489 | ISBN-13: 9781111528485)

This practice set is a retail and wholesale seller of fitness equipment and apparel.

Digital Revolution Services Practice Set Key with General Ledger Inspector CD-ROM  (ISBN-10: 1111528497 | ISBN-13: 9781111528492)

Retail business dealing in sales of computers and peripherals, setup as a corporate entity. It includes a narrative of transactions, which are to be recorded in special journals.

Luxurious Spa Practice Set Key with General Ledger Inspector CD-ROM  (ISBN-10: 1111528500 | ISBN-13: 9781111528508)

This practice set is set up as a business that designs and manufactures custom bathroom storage cabinets and sauna units. Luxurious Spa uses only the general ledger.

Glorious Garden Lawn Service Practice Set Key with General Ledger Inspector CD-ROM  (ISBN-10: 1111528675 | ISBN-13: 9781111528676)

This practice set includes a narrative of transactions. Glorious Garden can be completed using either journal entries or the accounting equation.

Art by Design Practice Set Key (with Inspector CD-ROM)  (ISBN-10: 1111530807 | ISBN-13: 9781111530808)

Interior design firm that also purchases and sells antique furniture.

Art by Design Practice Set (with Klooster & Allen General Ledger Software)  (ISBN-10: 1111528403 | ISBN-13: 9781111528409)

Interior design firm that also purchases and sells antique furniture.

Pumping Iron Practice Set with General Ledger Software  (ISBN-10: 1111821615 | ISBN-13: 9781111821616)

Retail and wholesale seller of fitness equipment and apparel. This practice set includes sub- and general ledgers, checkbook register, payroll register and tracking of employee earnings.

Instructor's Edition  (ISBN-10: 0538480939 | ISBN-13: 9780538480932)

Student Supplements

Corporate Financial Accounting  (ISBN-10: 1111527474 | ISBN-13: 9781111527471)

The authors of CORPORATE FINANCIAL ACCOUNTING, 11e, understand that you need to find important information quickly. This textbook uses an integrated learning system to help you complete homework and lead you to accounting mastery. Built on the authors' proven approach, the clear examples and high-impact writing guide you through the preparation of corporate-based financial statements. The authors artfully provide a framework for understanding what accounting is all about and accounting's evolving role in business.

Working Papers, Chapters 1-15  (ISBN-10: 0538481226 | ISBN-13: 9780538481229)

The traditional working papers include problem-specific forms for preparing solutions for Exercises, A & B Problems, the Continuing Problem, and the Comprehensive Problems from the textbook. These forms, with pre-printed headings, provide a structure for the problems, which helps students get started and saves them time. Additional blank forms are included.

General Ledger Software  (ISBN-10: 1111529167 | ISBN-13: 9781111529161)

Prepared by Dale Klooster and Warren Allen, this best-selling, educational, general ledger package introduces students to the world of computerized accounting through a more intuitive, user-friendly system than the commercial software they'll use in the future. In addition, students have access to general ledger files with information based on problems from the textbook and practice sets. This context allows them to see the difference between manual and computerized accounting systems firsthand and includes a problem checker. Problems that can be used with Klooster/Allen are highlighted by an icon.

WebTutor™ on Blackboard®, 1 term (6 months) Instant Access  (ISBN-10: 1111614695 | ISBN-13: 9781111614690)

Improve your grades with WebTutor online review and test prep tools.

WebTutor™ on WebCT, 1 term (6 months) Instant Access  (ISBN-10: 1111614547 | ISBN-13: 9781111614546)

Improve your grades with WebTutor online review and test prep tools.

Study Guide, Chapters 1-15  (ISBN-10: 0538481153 | ISBN-13: 9780538481151)

This author-written guide provides students Quiz and Test Hints, Matching questions, Fill-in-the-Blank questions (Parts A & B), Multiple-Choice questions, True/False questions, Exercises, and Problems for each chapter. Designed to assist students in comprehending the concepts and principles in the text, solutions for all of these items are available in the guide for quick reference.

Digital Revolution Services Practice Set with General Ledger Software  (ISBN-10: 1111528470 | ISBN-13: 9781111528478)

Retail business dealing in sales of computers and peripherals, setup as a corporate entity. It includes a narrative of transactions, which are to be recorded in special journals.

Luxurious Spa Practice Set with General Ledger Software  (ISBN-10: 1111528462 | ISBN-13: 9781111528461)

This practice set is set up as a business that designs and manufactures custom bathroom storage cabinets and sauna units. Luxurious Spa uses only the general ledger.

Aplia  (ISBN-10: 0324827644 | ISBN-13: 9780324827644)

Aplia™ is an online interactive learning solution that helps you improve comprehension – and your grade – by integrating a variety of mediums and tools such as video, tutorials, practice tests and interactive e-book. Founded by a professor to enhance his own courses, Aplia provides automatically graded assignments with detailed, immediate feedback on every question, and innovative teaching materials. More than 1,000,000 students like you have used Aplia at over 1800 institutions. Aplia should be purchased only when assigned by your instructor as part of your course.

Glorious Lawn Care Practice Set with General Ledger Software  (ISBN-10: 1111528284 | ISBN-13: 9781111528287)

This practice set includes a narrative of transactions. Glorious Garden can be completed using either journal entries or the accounting equation.

Art by Design Practice Set (with Klooster & Allen General Ledger Software)  (ISBN-10: 1111528403 | ISBN-13: 9781111528409)

Interior design firm that also purchases and sells antique furniture.

Pumping Iron Practice Set with General Ledger Software  (ISBN-10: 1111821615 | ISBN-13: 9781111821616)

Retail and wholesale seller of fitness equipment and apparel. This practice set includes sub- and general ledgers, checkbook register, payroll register and tracking of employee earnings.