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Full Description
An indispensable companion to the classic introduction to accounting principles and practices
This tutorial helps students boost their success rate in solving accounting exam questions. Each chapter begins with a clear definition of learning objectives and provides a framework for achieving those objectives. The authors alert readers to common pitfalls, remind them of key terms, concepts, and relationships, and explore the intricacies of complex accounting situations and how to address them. The book features numerous exercises, along with multiple choice questions typical of those found on accounting exams—with fully-worked solutions—as well as in-depth explanations of how the solutions were derived and why.
Contents
PREFACE MAKING YOUR STUDIES PAY
Chapter 1: ACCOUNTING IN ACTION
Chapter 2: THE RECORDING PROCESS
Chapter 3: ADJUSTING THE ACCOUNTS
Chapter 4: COMPLETING THE ACCOUNTING CYCLE
Chapter 5: ACCOUNTING FOR MERCHANDISING OPERATIONS
Chapter 6: INVENTORIES
Chapter 7: ACCOUNTING INFORMATION SYSTEMS
Chapter 8: FRAUD, INTERNAL CONTROL, AND CASH
Chapter 9: ACCOUNTING FOR RECEIVABLES
Chapter 10: PLANT ASSETS, NATURAL RESOURCES, AND INTANGIBLE ASSETS
Chapter 11: CURRENT LIABILITIES AND PAYROLL ACCOUNTING
Chapter 12: ACCOUNTING FOR PARTNERSHIPS
