Description
Cengage Learning Introduction To Financial Accounting by Porter Norton
Transaction-effects Equation Format: Transactions are notated using a transaction-effects equation as well as an Identify and Analyze format. The equation portion differentiates the balance sheet effects from income statement effects of a transaction, and clarifies for students the flow of net income to stockholders equity. IFRS Coverage: Coverage appears in selected sections of the text which are called out by an icon. These references provide a brief background for the upcoming changes in financial standards that are fully covered in the books IFRS appendix. Portable On-Demand (POD) Reviews give instant feedback to students to help them master key concepts. Found after each chapter objective, this feature combines a conceptual overview with a quick quiz to engage students in the content. POD Reviews are available to download onto electronic devices and in multiple formats. Key annual report excerpts from Kelloggs and General Mills bring the role of accounting in business into focus for students and provide for an interesting industry comparison. Early introduction of the statement of cash flows exposes students to the delicate balance between operations and a companys investing and financing activities, and how its management impacts an organizations viability. Ratio Decision Process Model. Each time a new ratio is introduced, the Ratio Decision Model helps you walk students through it, step by step-from developing and using a financial ratio to financial statement excerpts that highlight ratio terms-helping them analyze and apply ratios most effectively. Alternate Terms and Problems Sections. Found at the end of each chapter, the Alternate Terms Section illustrates variations in terminology across companies, regions, and users. Further, Alternate Problems Sections include additional problems to assign, which are modeled after problems in regular Problems Sections and designed to deepen students understanding.