Horngren’s Financial & Managerial Accounting, The Financial Chapters 6th Edition

Book Preface

Accounting Cycle Tutorial
MyAccountingLab’s interactive tutorial helps students master the Accounting Cycle for early and continued success in the Introduction to Accounting course. The tutorial, accessed by computer, smartphone, or tablet, provides students with brief explanations of each concept of the Accounting Cycle through engaging, interactive activities. Students are immediately assessed on their understanding and their performance is recorded in the MyAccountingLab Gradebook. Whether the Accounting Cycle Tutorial is used as a remediation self-study tool or course assignment, students have yet another resource within MyAccountingLab to help them be successful with the accounting cycle.

ACT Comprehensive Problem
The Accounting Cycle Tutorial now includes a comprehensive problem that allows students to work with the same set of transactions throughout the accounting cycle. The comprehensive problem, which can be assigned at the beginning or the end of the full cycle, reinforces the lessons learned in the accounting cycle tutorial activities by emphasizing the connections between the accounting cycle concepts.

Study Plan
The Study Plan acts as a tutor, providing personalized recommendations for each of your students based on his or her ability to master the learning objectives in your course. This allows students to focus their study time by pinpointing the precise areas they need to review, and allowing them to use customized practice and learning aids–such as videos, eText, tutorials, and more–to get them back on track. Using the report available in the Gradebook, you can then tailor course lectures to prioritize the content where students need the most support–offering you better insight into classroom and individual performance.

Dynamic Study Modules
Help students study effectively on their own by continuously assessing their activity and performance in real time. Here’s how it works: students complete a set of questions with a unique answer format that also asks them to indicate their confidence level.
Questions repeat until the student can answer them all correctly and confidently.
Once completed, Dynamic Study Modules explain the concept using materials from the text. These are available as graded assignments prior to class, and accessible on smartphones, tablets, and computers. NEW!
Instructors can now remove questions from Dynamic Study Modules to better fit their course. Available for select titles.

Learning Catalytics
Learning Catalytics helps you generate class discussion, customize your lecture, and promote peer-to-peer learning with real-time analytics. As a student response tool, Learning Catalytics uses students’ smartphones, tablets, or laptops to engage them in more interactive tasks and thinking.
• NEW! Upload a full PowerPoint® deck for easy creation of slide questions.
• Help your students develop critical thinking skills.
• Monitor responses to find out where your students are struggling.
• Rely on real-time data to adjust your teaching strategy.
• Automatically group students for discussion, teamwork, and peer-to-peer learning.

Animated Lectures
These pre-class learning aids are available for every learning objective and are professor-narrated PowerPoint summaries that will help students prepare for class. These can be used in an online or flipped classroom experience or simply to get students ready for lecture.

Content

Chapter 1 Accounting and the Business Environment 1
Chapter 2 Recording Business Transactions 56
Chapter 3 The Adjusting Process 119
Chapter 4 Completing the Accounting Cycle 185
Chapter 5 Merchandising Operations 249
Chapter 6 Merchandise Inventory 326
Chapter 7 Internal Control and Cash 380
Chapter 8 Receivables 432
Chapter 9 Plant Assets, Natural Resources, and Intangibles 488
Chapter 10 Investments 545
Chapter 11 Current Liabilities and Payroll 578
Chapter 12 Long-Term Liabilities 619
Chapter 13 Stockholders’ Equity 671
Chapter 14 The Statement of Cash Flows 732
Chapter 15 Financial Statement Analysis 800
Chapter 16 Introduction to Managerial Accounting 859
Chapter 17 Job Order Costing 907
Chapter 18 Process Costing 961
Chapter 19 Cost Management Systems: Activity-Based, Just-in-Time, and Quality Management Systems 1028
Chapter 20 Cost-Volume-Profit Analysis 1087
Chapter 21 Variable Costing 1142
Chapter 22 Master Budgets 1183
Chapter 23 Flexible Budgets and Standard Cost Systems 1265
Chapter 24 Responsibility Accounting and Performance Evaluation 1324
Chapter 25 Short-Term Business Decisions 1373
Chapter 26 Capital Investment Decisions 1426
Appendix A—Present Value Tables and Future Value Tables A-1
Appendix B—Accounting Information Systems B-1
GLOSSARY G-1
INDEX I-1