Pearson Canada - Walter T. Harrison, Baylor University | Charles T. Horngren, Stanford University | W. Morley Lemon, University of Waterloo | Catherine Seguin, University of Toronto | Sandra Robertson Lemon - Financial Accounting, Fourth Canadian Edition with MyAccountingLab > Features
Features
Good business decisions are built on strong accounting foundations
Harrison, Financial Accounting, focuses on student success by providing a solid accounting foundation, which is necessary to be successful in subsequent courses. It balances this with the applied aspect of showing how accounting information is used to make key business decisions. This new edition features an enhanced focus on the use of accounting information.
The fourth Canadian edition of Financial Accounting is distinguished by its comprehensive integration of the new International Financial Reporting Standards. These new standards form the foundation of the text's presentation of accounting practices and uses, and will provide students with the most current accounting information available on the market.
In response to faculty and student demand, the new edition now includes complete integration with MyAccountingLab. All the end-of-chapter exercises will be replicated in algorithmic and bookmatch format for students to use for practice or for assignment. Students are now provided with a fully integrated learning tool where their textbook and online support are seamlessly integrated. MAL not only provides algorithmic/limitless practice, this new edition has additional tools including concept videos and a math review.
Each chapter contains the following features:
- Learning Objectives are featured at the beginning of the chapter and again in the margins where each specific objective is introduced.
- NEW Using [topic] in Decision Making boxes highlight the user perspective throughout each chapter and emphasize the application perspective of financial accounting (e.g., Using the Balance Sheet in Decision Making). These new Decision Making boxes feature manager, investor, and creditor sections that highlight how accounting topics relate to key business stakeholders.
- NEW Accounting for [Topic] boxes highlight key information from a preparer perspective (e.g., Accounting for Transactions)
- Stop and Think boxes
- Accounting Standards for Private Enterprise (ASPE) icons have been included in the margins where the differences between the new International Financial Reporting Standards and Accounting Standards for Private Enterprise are discussed
- Ethics icons
- Accounting Cycle Tutorial icons refer students to interactive online tutorial included in MyAccountingLab
- Mid-Chapter Summary Problem A feature unique to Harrison/Horngren. Allows students to assess their understanding of concepts two times within each chapter. These have worked solutions, annotated with explanations, so that students understand each step of the solution. These problems are also available for additional practice in MyAccountingLab.
Changes to the new edition include:
- NEW IFRS Focus – The fourth edition features the comprehensive integration of the new International Financial Reporting Standards.
- NEW ASPE Icon – Information on the differences between IFRS and private enterprise standards will be highlighted with a margin icon. This icon will include the acronym 'ASPE' (Accounting Standards for Private Enterprises), which is the new term listed in CICA handbook.
- NEW Using [topic] in Decision Making boxes highlight the user perspective throughout each chapter and emphasize the application perspective of financial accounting (e.g., Using the Balance Sheet in Decision Making). These new Decision Making boxes feature manager, investor, and creditor sections that highlight how accounting topics relate to key business stakeholders.
- NEW Accounting for [Topic] boxes highlight key information from a preparer perspective (e.g., Accounting for Transactions).
- Chapter 1 has been significantly revised and restructured to address the change to IFRS, an increased focus on the user perspective, and the need for enhanced ethics coverage.
- NEW Chapter Summaries have been added to the end of every chapter. Each summary is organized by learning objective and features highlighted key terms.
- NEW Focus Company – Gildan Inc. has been selected as the focus company for the fourth edition. Gildan was chosen because the company is an early adopter of IFRS and there is a comprehensive explanation of the company's movement to IFRS in Gildan's Annual Report. This explanation, along with the company's financial statements, will be included as an Appendix in the text. A second focus company will be included on MyAccountingLab.
- Enhanced Ethics Coverage – The fourth edition includes enhanced ethics content. Ethics coverage has been integrated directly into the text and will be highlighted with a new ethics icon.
- The direct method of preparing the cash flow statement has been moved to an appendix after Chapter 12.
Available February 1, 2011
© 2011 • ISBN: 0132559242
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