Synopses & Reviews
Develop the practical accounting skills now to secure a successful future with this popular college accounting text choice. This edition introduces accounting concepts using a proven step-by-step approach and inviting narrative style that focuses on the practical skills you'll need as you transition to tomorrow's workplace. The book begins with a basic foundation and simple service industry examples before advancing to accounting within the more challenging merchandising business and manufacturing environment. Engaging examples and functional learning features within the book's comprehensive approach reinforce the relevance of the skills you're learning and provide a clear, accurate presentation that's understandable even if you have no previous accounting experience or business background. Self-study aids and numerous practice opportunities allow you to check your understanding as you progress. To maximize your study time and help you efficiently completely your homework, the innovative new CengageNOW online learning system provides interactive support and a personalized learning path that assists you in the areas most challenging to you individually. Achieve your best in the classroom today and plan for success within the workplace tomorrow with the skills found in Heintz/Parry's COLLEGE ACCOUNTING, CHAPTERS 1-15, 19E.
Review
"We have been using Heintz and Parry for some time. We like the overall design, the way the exercises and problems are setup. The key terms are very helpful. The self study objectives and the demonstrations problems are also very useful."
Review
"I have used this text for many years, it is well illustrated and the design is always eye catching and the features are easy to use."
Review
"The competitive edge of the Heintz/ Parry book over others is (1) it is written at an understandable level and (2) the illustrations, figures, and examples are superior to any accounting textbook I have seen."
Synopsis
This book presents concepts simply, while ensuring the best, most accurate coverage. College Accounting is designed to make accounting understandable to virtually everyone without sacrificing substance and technical correctness. A step-by-step, straightforward approach helps readers build practical accounting skills that are needed when entering the world of work. The simple service industry examples take you through the fundamental processes of financial accounting, including the development of financial statements, concerns about accounting for cash, and key aspects of accounting for taxes. The book continues with coverage of many aspects of accounting for merchandising businesses.
About the Author
Jim Heintz currently guides today's students as Professor and Director of Accounting and Information Systems in the School of Business at the University of Kansas, where he has taught for eleven years. Prior to joining University of Kansas, he was the Accounting Department Head at the University of Connecticut for eight years. He also served as Assistant, Associate and Full Professor for twenty years at Indiana University. Professor Heintz earned his doctorate from Washington University in St Louis and is a CPA. He was a Price Waterhouse Faculty Fellow at Indiana, an Arthur Andersen Faculty Fellow at Connecticut, and is currently the Deloitte and Touche Faculty Fellow at Kansas. Professor Heintz has won numerous school and university teaching awards, including three teaching awards from the Doctoral Student Association. He has served in various capacities on twenty-four doctoral dissertation committees. Jim Heintz has published numerous articles in accounting and business journals, including The Accounting Review; Auditing: A Journal of Practice and Theory; Accounting and Business Research; Journal of Business Finance and Accounting; and International Journal of Accounting Education and Research. He served on the editorial board of Auditing: A Journal of Practice and Theory for seven years. Professor Heintz has served on various committees of the AAA and the FSA, and as president of the Accounting Programs Leadership Group of the AAA. He has participated in external reviews of accounting programs at twelve major universities.Rob Parry clarifies accounting concepts for students daily as Professor of Accounting at Indiana University's Kelley School of Business in Bloomington Indiana. He has taught at Indiana University for the past thirty years as an Assistant, Associate, and Full Professor. He earned a B.S. in Business Education at Bloomsburg University of Pennsylvania, an MBA at the University of Scranton, and a Ph.D. in Business and Economics at Lehigh University. An accomplished teacher, Professor Parry has taught accounting at virtually all levels. While earning his MBA, he taught accounting at Bishop Klonowski High School in Scranton, Pennsylvania. While earning his Ph.D., he also taught financial and managerial accounting at Northhampton County Community College and Lehigh University. At Indiana, he taught in the Undergraduate, MBA, MBA in Accounting, Master of Science in Accounting, the online Kelley Direct MBA Program, and Ph. D. Programs. In addition, he has taught accounting in the Consortium of Universities for International Studies in Asolo, Italy. He has won a dozen teaching excellence awards and has been recognized twice by Business Week as one of the country's Outstanding MBA Faculty. In addition, he was awarded the Indiana University Distinguished Service Award for his efforts in planning and deploying a new, integrated MBA Core Program. He also received the Kelley School of Business Innovative Teaching Award for his role in designing and implementing the curriculum for the Master of Science in Accounting Program.
Table of Contents
PART ONE: ACCOUNTING FOR A SERVICE BUSINESS 1. Introduction to Accounting 2. Analyzing Transactions: The Accounting Equation 3. The Double-Entry Framework 4. Journalizing and Posting Transactions 5. Adjusting Entries and the Work Sheet 6. Financial Statements and the Closing Process Comprehensive Problem: The Accounting Cycle. PART TWO: ACCOUNTING FOR CASH, PAYROLL AND SERVICE BUSINESSES 7. Accounting for Cash 8. Payroll Accounting: Employee Earnings and Deductions 9. Payroll Accounting: Employer Taxes and Reports 10. Accounting for a Professional Service Business: The Combination Journal PART THREE: ACCOUNTING FOR A MERCHANDISING BUSINESS 11. Accounting for Sales and Cash Receipts 12. Accounting for Purchases and Cash Payments 13. Special Journals 14. The Voucher System 15. Adjustments and the Work Sheet for a Merchandising Business 16. Financial Statements and Year-End Accounting for a Merchandising Business Comprehenisve Problem 2: Accounting Cyle with the Subsidiary Ledgers, Part 1 Comprehensive Problem 2: Accounting Cycle with the Subsidiary Ledgers, Part 2 Answers to Self-Study Test Questions Index