Principles of Accounting Volume 1 Financial Accounting / Contributing Authors.

Format:

Book

Author/Creator:

Authors, Contributing.

Authors, Contributing, author.

Contributor:

Open Textbook Library, distributor.

Series:

Open Textbook Library.

Open textbook library.

Language:

English

Subjects (All):

Accounting and Finance--Textbooks.

Accounting and Finance.

Physical Description:

1 online resource.

Updated irregularly.

Distribution:

Minneapolis Open Textbook Library.

Place of Publication:

OpenStax 2019-

System Details:

Mode of access: World Wide Web.

data file

Summary:

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.

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

ISBN:

9781947172678

Access Restriction:

Open Access Unrestricted online access