Century 21 Accounting: Advanced, 2012 Update

  • AUTHORS: Claudia Bienias Gilbertson; Mark W. Lehman
  • ISBN-13: 9781111989057 
  • 848 Pages  Hardcover 
  • 9th Edition  |  Previous Editions: 2009, 2006, 2003
  • ©2012     Published
  • Level(s): Lexile
  • Prices are valid only in the respective region

Overview

About The Product

No other accounting text takes you further or gives you more. With CENTURY 21 ACCOUNTING ADVANCED 9E, 2012 UPDATE, you place the advantage of more than 100 years of accounting success into your students' hands with the latest from this authoritative leader in accounting education. Each advantage you find in CENTURY 21 ACCOUNTING ADVANCED 9E reflects guidance from a Teacher Review Board of more than 60 experienced educators just like you and input from a first-of-its-kind Student Advisory Board. This edition's fresh, clean presentation addresses your contemporary classroom needs as effectively today as this best-selling text did more than a century ago when it redefined the accounting course. CENTURY 21 ACCOUNTING ADVANCED expands on topics introduced in the first-year course while adding new topics about time value of money, management accounting, cost accounting, not-for-profit accounting, and financial analysis. The ninth edition's new student-driven design integrates commercial technology such as Microsoft(R) Excel, Peachtree(R), and QuickBooks(R) into the end of every chapter and offers the market's first online working papers. A unique focus on financial literacy and emphasis on character, as well as companies selected by students, prepare your class for accounting challenges. Financial Literacy for the 21st Century, new to the 2012 Update, guides students in the exploration of financial topics through engaging activities that provide opportunities for students to apply valued skills such as problem solving, critical thinking, and technology use as defined by the Partnership for 21st Century Skills. Acquisition of the knowledge and skills taught in this feature will prepare students to compete in a workplace that demands creativity and innovation. Trust the book's unwavering accuracy to ensure a complete text, comprehensive package, and technology solutions with the advantage to move your course and your students ahead in today's times.

Features

  • The market's first online working papers provide immediate feedback for students and automatically graded assignments for instructors. Accurate assessments of students' complete work give you an instant sense of each student's comprehension. Grades are automatically entered in an instructor's online grade book.
  • Commercial technology integrated into the end of each chapter equips students to work with Microsoft Excel®, Peachtree(R), QuickBooks(R), and Automated Accounting with step-by-step instructions and the flexibility to use multiple versions of software.
  • Financial Literacy for the 21st Century, new to the 2012 Update, guides students in the exploration of financial topics through engaging activities that provide opportunities for students to apply valued skills such as problem solving, critical thinking, and technology use as defined by the Partnership for 21st Century Skills. Acquisition of the knowledge and skills taught in this feature will prepare students to compete in a workplace that demands creativity and innovation.
  • Responsive instruction in a clean, fresh design--reshaped in partnership with you--offers a student-tested and instructor-approved approach that's easy to follow and simple to use.
  • A unique focus on Financial Literacy in feature boxes throughout the text addresses both business finance issues and critical personal finance topics.
  • New companies featured throughout this edition--chosen by the Student Advisory Board—capture students' interest in fascinating chapter openers and effective examples. Businesses such as Blockbuster, Trek Bicycles, Procter & Gamble, and Toyota connect chapter topics to what's driving business decisions and organizations.
  • New Character Counts features respond to the increasing importance of ethics and personal character in accounting today. These ethical dilemmas in every chapter assist students with decision-making and critical-thinking skills and challenge students' personal character development.
  • Updated real-world source documents presented with each new transaction in the text provide objective evidence for journalizing every transaction. Source documents are included in working papers for select end-of-chapter problems.
  • T accounts are used to analyze transactions into debit and credit parts to increase student comprehension of journalizing transactions.
  • A clean new design and presentation with step-by-step instructions and descriptive text clearly reinforces concepts. Three or four lessons and corresponding assessment activities in each chapter as well as short application problems ensure students' understanding before they tackle longer mastery and challenge problems.
  • Careers in Accounting highlight the educational and experience requirements for specific jobs in accounting and related fields--now and in the future--based on intriguing one-on-one interviews with leading executives.
  • Business Structures focus on the business and legal issues involved in forming and dissolving business organizations such as proprietorships, corporations, and partnerships.
  • Analysis of Best Buy's Financial Statements throughout this edition allows students to closely examine business performance in all aspects of operations using financial statements from a familiar business.
  • Internet Research Activities at the beginning of every chapter encourage students to search the Internet for answers related to chapter content and provide practice in technology and research skills.
  • Competitive event preparation for FBLA and BPA throughout the text refines students' skills and equips them for success at these events.

About the Contributor

AUTHORS
  • Claudia Bienias Gilbertson

    Claudia B. Gilbertson served as a highly effective high school instructor for 11 years and a community college instructor for 25 years. While retired from North Hennepin Community College, Ms. Gilbertson remains active in shaping today's educational processes as she serves as a respected and sought-after consultant for numerous online accounting learning solutions. She is active in the National Business Education Association, North Central Business Education Association, and Minnesota Business Educators, Inc.

  • Mark W. Lehman

    Mark W. Lehman, assistant professor emeritus of Accountancy at the Richard C. Adkerson School of Accountancy at Mississippi State University, teaches Accounting Information Systems and Forensic Accounting. A former auditor with PricewaterhouseCoopers, Dr. Lehman is a Certified Public Accountant and a Certified Fraud Examiner. Dr. Lehman writes journal articles and consults with accountants on the use of software in fraud detection. He was awarded Outstanding Educator by the Mississippi Society of Certified Public Accountants in 2007.

Table of Contents

Part I: DEPARTMENTALIZED ACCOUNTING.
1. Recording Departmental Purchases and Cash Payments.
2. Recording Departmental Sales and Cash Receipts.
3. Calculating and Recording Departmental Payroll Data.
4. Financial Reporting for a Departmentalized Business.
Reinforcement Activity 1.
Simulation 1 Description.
Part II: ACCOUNTING ADJUSTMENTS AND VALUATION.
5. A Voucher System.
6. Inventory Planning and Valuation.
7. Accounting for Uncollectible Accounts.
Part III: GENERAL ACCOUNTING ADJUSTMENTS.
8. Accounting for Plant Assets.
9. Accounting for Notes Payable, Prepaid Expenses, and Accrued Expenses.
10. Accounting for Notes Receivable, Unearned Revenue, and Accrued Revenue.
11. Organizing a Corporation and Paying Dividends.
Part IV: CORPORATION ACCOUNTING.
12. Acquiring Additional Capital for a Corporation.
13. Financial Analysis and Reporting for a Corporation.
Reinforcement Activity 2.
Simulation 2 Description.
Part V: MANAGEMENT ACCOUNTING.
14. Budgetary Planning and Control.
15. Management Decisions Using Cost-Volume Profit Analysis.
16. Management Decisions Using Present Value Analysis.
17. Financial Statement Analysis.
18. Statement of Cash Flows.
Part VI: MANUFACTURING COST ACCOUNTING.
19. Cost Accounting for a Manufacturing Business.
20. Accounting Transactions and Financial Reporting for a Manufacturing Business.
Reinforcement Activity 3.
Simulation 3 Description.
Part VII: OTHER ACCOUNTING SYSTEMS.
21. Organizational Structure of a Partnership.
22. Financial Reporting for a Partnership.
23. Budgeting and Accounting for a Not-for-Profit Organization.
24. Financial Reporting for a Not-for-Profit Organization.
Appendix A: Accounting Concepts.
Appendix B: Costco's Annual Report.
Appendix C: Using a Calculator and Computer Keypad.
Appendix D: Recycling Problems.
Appendix E: Answers to Audit Your Understanding.
Appendix F: Financial Literacy for the 21st Century.
Glossary.
Index.

New to this Edition

  • The market's first online working papers provide immediate feedback for students and automatically graded assignments for instructors. Accurate assessments of students' complete work give you an instant sense of each student's comprehension. Grades are automatically entered in an instructor's online grade book.
  • Financial Literacy for the 21st Century, new to the 2012 Update, guides students in the exploration of financial topics through engaging activities that provide opportunities for students to apply valued skills such as problem solving, critical thinking, and technology use as defined by the Partnership for 21st Century Skills. Acquisition of the knowledge and skills taught in this feature will prepare students to compete in a workplace that demands creativity and innovation.
  • Responsive instruction in a clean, fresh design--reshaped in partnership with you--offers a student-tested and instructor-approved approach that's easy to follow and simple to use.
  • A unique focus on Financial Literacy in feature boxes throughout the text addresses both business finance issues and critical personal finance topics.
  • New companies featured throughout this edition--chosen by the Student Advisory Board--capture students' interest in fascinating chapter openers and effective examples. Businesses such as Blockbuster, Trek Bicycles, Procter & Gamble, and Toyota connect chapter topics to what's driving business decisions and organizations.

Components

Teacher Components

  • Online Working Papers  (ISBN-10: 0538450665 | ISBN-13: 9780538450669)
    New online working papers--identical to printed working papers and chapter tests but completed online--provide automatic grading for instructors and immediate feedback for students.
    Price = 42.75

Student Supplements

  • Online Working Papers  (ISBN-10: 0538450665 | ISBN-13: 9780538450669)
    New online working papers--identical to printed working papers and chapter tests but completed online--provide immediate feedback.
    Price = 42.75

Best Buy Packages

Other Popular Packages

Choose the textbook packaged with the resources that best meet your course and student needs. Contact your Cengage Learning representative for more information.


Bundle: Sounds, Inc. Automated Simulation + Automated Accounting Online Printed Access Card for Sounds Inc. Automated Simulation

  • ISBN-10: 1133537553  | ISBN-13: 9781133537557
  • Price = $39.25

Bundle: Text + First Class Image Wear, Inc. Automated Simulation + Automated Accounting Online Printed Access Card for First Class Image Wear Inc. Automated Simulation

  • ISBN-10:  1133537561 | ISBN-13:  9781133537564
  • Price = $39.25