UPDATED! Coverage of inventory and cost of goods sold in Chapter 6 has been updated using Under Armour, Inc., a company highly familiar to college students, and one whose details makes the study of inventory more interesting.UPDATED!The Days’ Sales Outstanding (DSO) ratio in Chapter 5 has been improved and made more consistent with the coverage of Days’ Inventory Outstanding (DIO) in Chapter 6 and Days’ Payable Outstanding (DPO) in Chapter 9.UPDATED! Up-to-the-minute coverage of the revised FASB accounting standard on revenue recognition, impacting accounting for sales returns and sales discounts, is included in Chapters 3, 5, and 11.
#ELEVENTH STANDARD ACCOUNTS BOOK CODE#
Coverage of AICPA’s Code of Professional Conduct includes the code’s principles, explaining CPA’s responsibility to act in the public’s interest, to have integrity and objectivity, and to exercise due professional care.Accounting cycle is now covered in a more chronological sequence.Teach with Better Coverage of Accounting Concepts and Standards UPDATED! Illustrations of electronic bank statements (Chapter 4).Scaffolding Approach: Chapter content and end-of-chapter material build from a basic, short exercise featuring one basic single concept, to more advanced problems featuring multiple learning objectives, encouraging practice and skill development among students.Use Consistency, Repetition, and a High Level of Detail While maintaining the hallmark features of accuracy, readability, and ease of understanding, this Global Edition includes updated explanations, coverage, new real-world examples, and most importantly, updates to the Conceptual Frameworkįor introductory courses in Financial Accounting With its long-standing reputation in the marketplace for being easy to read and understand, this text drives home fundamental concepts in a reader-friendly way without adding unnecessary complexity. Written in a manner suitable for accounting and non-accounting majors, the Eleventh Edition,Global Edition, is the ideal text for a first course in financial accounting with a focus on IFRS. This approach helps students to better understand the meaning and relevance of financial information and develop the skills needed to analyze financial information in both their courses and careers. Ī User-Focused Approach and Solid Foundation in the Construction and Analysis of Financial Statements for Use in Future Courses and Careersįinancial Accounting: International Financial Reporting Standards (IFRS) continues to give readers a solid foundation in the fundamentals of accounting and the basics of financial statements under IFRS, and then builds upon that foundation to offer more advanced and challenging concepts and problems. Harrison, Financial Accounting, 11th edition. Setting up MyLab Mastering for your course.
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