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Financial & Managerial Accounting 14th Edition


Author: Carl Warren, James M. Reeve

Publisher: Cengage Learning


Publish Date: January 1, 2017

ISBN-10: 1337119202

Pages: 1472

File Type: PDF

Language: English

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Book Preface

Roadmap for Success
Warren/Reeve/Duchac Financial and Managerial Accounting, 14e, makes it easy for you to give students a solid
foundation in business and accounting. Warren/Reeve/Duchac covers the fundamentals AND motivates students to
learn by showing how accounting is important to a business.
Warren/Reeve/Duchac is successful because it reaches students with a combination of new and tried-and-tested pedagogy.
This revision includes a range of exciting new and existing features that help Warren/Reeve/Duchac provide students
with the context to see how accounting is valuable to business. These include:
New! Schema
New! Links to Business
New! Why It Matters
New! Analysis for Decision Making and Make a Decision
New! Accounting Equation Impacts added beside journal entries
Warren/Reeve/Duchac also includes a thorough grounding in the fundamentals that any business student will need
to be successful. These key features include:
Stepwise approach to accounting cycle
Presentation style designed around the way students learn
New! Check Up Corner
New! Let’s Review
Hallmarks of the revision include:
At the start of each chapter, a schema, or roadmap, shows students what they are going to learn and how
it is connected to the larger picture. In the early chapters, the schema shows how the steps in the accounting
cycle are interrelated. In later financial chapters, the schema shows how each chapter’s topics are connected to
the financial statements.

The schema in the managerial accounting chapters emphasizes the role of managerial accounting in developing and
providing information for decision making.

Link to the “opening company” of each chapter calls out examples of how the concepts introduced in the
chapter are connected. This shows how accounting is used in the real world by real companies.

NEW! Located early in each chapter, Why It Matters shows students how accounting is important to businesses
with which they are familiar.

To aid comprehension and to demonstrate the impact of transactions, journal entries include the net effect of
the transaction on the accounting equation.

To aid learning and problem solving, throughout each chapter new Check Up Corners provide students with
step-by-step guidance on how to solve problems. Problem-solving tips help students avoid common errors.

In each chapter, Analysis for Decision Making highlights how businesses use accounting information to make
decisions and evaluate the health of a business. This provides students with context of why accounting is important
to a business.

Following the Analysis for Decision Making segment, students have an opportunity to apply their knowledge in
making decisions.

At the end of each chapter, Let’s Review is a new chapter summary and self-assessment feature that is designed
to help busy students prepare for an exam. It includes a summary of each learning objective’s key points, key
terms, multiple-choice questions, exercises, and a sample problem that students may use to practice.

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