Century 21 Accounting: Advanced

  • AUTHORS: Claudia Bienias Gilbertson; Mark W. Lehman; Daniel Passalacqua
  • ISBN-13: 9781111990640 
  • 816 Pages  Hardcover 
  • 10th Edition  |  Previous Editions: 2012, 2009, 2006
  • ©2015     Published
  • Prices are valid only in the respective region

Overview

About The Product

Transform your high school accounting course with CENTURY 21 ACCOUNTING ADVANCED 10E, the leader in high school accounting education for more than 100 years. Input from educators, accounting professionals, content experts, and high school accounting students has informed the tenth edition's new critical-thinking activities, real-world applications, updated accounting instruction, and enhanced online learning solutions, including Online Working Papers and Automated Accounting Online computerized accounting software. CENTURY 21 ACCOUNTING 10E maintains its renowned instructional design and step-by-step approach to teaching the mechanics of accounting. Greater emphasis on conceptual understanding and financial statement analysis in the tenth edition encourages students to apply accounting concepts to real-world situations and make informed business decisions. New features like Forensic Accounting, Think Like an Accountant, Financial Literacy, and Why Accounting? are a few examples of the expanded opportunities for students to master valued skills, such as critical thinking and technology use, as defined by the Partnership for 21st Century Skills. In addition, commercial technology, integrated throughout the text, equips students to work with Microsoft Excel®, Sage 50®, QuickBooks®, and Automated Accounting Online, with step-by-step instructions and the flexibility to use a variety of commercial software programs. Trust the dedicated leader in accounting education to transform your accounting course with a time-tested instructional design, enhanced digital solutions, and a comprehensive package to address your contemporary classroom needs and prepare your students for success in the 21st century.

Features

  • The organization ensures clear student understanding. Students start with a departmentalized merchandising business organized as a corporation. They move on to managerial and cost accounting concepts in a manufacturing company organized as a corporation, and conclude with special topics including internal controls, partnerships, and not-for-profit organizations. The step-by-step instructional approach clearly reinforces text concepts, while the consistent use of T accounts increases student comprehension of journalizing transactions.
  • The lesson structure consists of three or four lessons per chapter and corresponding assessment activities. Each end-of-lesson section includes a Work Together problem and an On Your Own assignment. The Work Together problem allows you to demonstrate the new accounting concept to your class. Students can then check their understanding by completing the On Your Own assignment. The end-of-chapter material includes short application problems to ensure students' understanding before they tackle the longer mastery and challenge problems.
  • Learning Objectives connect the chapter coverage from beginning to end. Learning objectives are identified at point of introduction and in the end-of-chapter problems, making it easier for students to stay on track. By paying attention to the learning objectives, students can focus on what is important.
  • 21st Century Skills, included in the end-of-chapter material, provides activities that cultivate mastery of essential skills such as problem solving, communication, 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.
  • Critical-thinking activities are infused throughout the text to provide more opportunities for higher-level thinking and analysis, preparing students for college and career.
  • Commercial technology integrated into the end of each chapter equips students to work with Microsoft Excel®, Sage 50®, QuickBooks®, and Automated Accounting Online with step-by-step instructions and the flexibility to use a variety of commercial software programs. Icons in the textbook denote chapter problems that can be worked with the various software problems. Data files for each are located on the Century 21 Accounting Companion Website.
  • Careers in Accounting, designed to encourage students to think about their future in accounting, features a broad range of careers in the accounting field and promotes accounting as a profession through one-on-one interviews with various accounting professionals. Educational requirements, career paths, and projected trends for future employment are discussed.
  • Analysis of Home Depot'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.
  • The market's first Online Working Papers, powered by Aplia, have been enhanced. Featuring automatic grading for instructors and immediate feedback for students, C21 Accounting Online Working Papers mirrors the print working papers including online journals, ledgers, worksheets, financial statements, and other forms students use to complete their textbook problems and tests. As students complete the assignments, you receive a complete assessment of their work and comprehension levels, while their grades are instantly entered into your online grade book.
  • Auditing for Errors sharpens students' critical-thinking and analysis skills by providing specific situations in which students analyze and investigate to uncover the error.
  • Automated Accounting Online is the next generation of the Automated Accounting software program that has successfully introduced students to computerized accounting for many years. Automated Accounting Online provides exposure to the accounting cycle and real-world accounting software through the completion of the CENTURY 21 ACCOUNTING ADVANCED end-of-chapter problems and simulations. Automated Accounting Online provides the functionality of commercial software incorporated with educational features that make teaching and learning computerized accounting easy. Automated Accounting Online provides immediate feedback for students and automatic grading for instructors. The completely redesigned interface is even more realistic, and similar to what users see in commercial software programs such as Sage 50® and QuickBooks®.
  • New companies featured throughout this edition capture students' interest in fascinating chapter openers and effective examples. Businesses such as Skechers, PetSmart, Target, and Pandora Media connect chapter topics to what's driving business decisions and organizations.
  • Ethics in Action responds to the increasing importance of ethics and personal character in accounting today. These ethical dilemmas assist students with decision-making and critical-thinking skills and challenge students' personal character development.
  • Think Like an Accountant presents challenging problems that correspond to higher-level skills based on the criteria established in Bloom's Taxonomy. Excel templates are provided for the students to use as an analysis tool to compare and contrast employer benefit plans and analyze how their decisions affect the company's bottom line.
  • Global Awareness presents the role of accounting in a global environment and the cultural implications that occur as a result of the trans-migratory nature of the marketplace. It reflects current trends, concerns, and issues in global business, and cultural diversity in the workplace. Cultural issues will address both international and domestic issues.
  • Forensic Accounting presents criminal investigations involving fraud, providing students the opportunity to apply what they are learning in class to a real-world scenario. Students will examine the fraud scenarios, using Excel to analyze the data and continue the investigation.
  • Why Accounting? provides examples of how accounting skills are applicable in a variety of business situations. Tied to the National Career Clusters, this feature illustrates how accounting knowledge transfers into the workplace and validates accounting's importance in the marketplace.
  • Financial Literacy guides students in the exploration of both business finance issues and critical personal finance 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.
  • A Look at Accounting Software shows windows and screen grabs from a fictional accounting software program. The objective is to help students understand that what they have just learned to do manually can be done using real-world accounting software.
  • Real-world source documents presented with new transactions in the text provide objective evidence for journalizing transactions. Source documents are included in online and printed working papers for select end-of-chapter problems.

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.

  • Daniel Passalacqua

    Daniel Passalacqua teaches accounting at Oak Grove High School in San Jose, CA.

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: Processing and Reporting Departmentalized Accounting Data.
PART II: ACCOUNTING ADJUSTMENTS AND VALUATIONS.
5. Inventory Planning and Valuation.
6. Accounting for Uncollectible Accounts.
7. Accounting for Plant Assets.
8. Accounting for Notes Payable, Prepaid Expenses, and Accrued Expenses.
9. Accounting for Unearned Revenue, Accrued Revenue, and Installment Notes Receivable.
Reinforcement Activity 2: Processing Accounting Data for a Corporation.
PART III: CORPORATION ACCOUNTING.
10. Organizing a Corporation.
11. Corporate Dividends and Treasury Stock.
12. Accounting for Bonds.
13. Financial Reporting and Analysis for a Corporation.
14. Statement of Cash Flows.
Reinforcement Activity 3: Processing and Analyzing Accounting Data for a Corporation.
PART IV: MANAGEMENT ACCOUNTING.
15. Budgetary Planning and Control
16. Management Decision Making Using Cost-Volume-Profit Analysis.
17. : Job Order Costing.
18. Management Decision Making Using Differential Analysis.
19. Other Costing Methods.
Reinforcement Activity 4: Processing and Reporting Cost Accounting Data for a Manufacturing Business.
PART V: INTERNAL CONTROL AND OTHER ORGANIZATIONAL STRUCTURES.
20. Internal Control.
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: Analyzing Home Depot's Financial Statements.
Appendix C: Recycling Problems.
Appendix D: Answers to Audit Your Understanding.
English Glossary.
Spanish Glossary.
Index.

New to this Edition

  • Greater emphasis on conceptual understanding and financial statement analysis has been incorporated into the 10th edition, making it easier to balance coverage of accounting mechanics with how accounting information is used to make business decisions.
  • Critical-thinking activities are infused throughout the text to provide more opportunities for higher-level thinking and analysis, preparing students for college and career challenges.
  • 21st Century Skills, included in the end-of-chapter material, provides activities that cultivate mastery of essential skills such as problem solving, communication, and technology use as defined by the Partnership for 21st Century Learning. Acquisition of the knowledge and skills taught in this feature will prepare students to compete in a workplace that demands creativity and innovation.
  • Think Like an Accountant presents challenging problems that correspond to higher-level thinking skills based on the criteria established in Bloom's Taxonomy. Excel templates are provided for students to use as an analysis tool to compare and contrast employer benefit plans and analyze how their decisions affect the company's bottom line.
  • Forensic Accounting presents criminal investigations involving fraud, providing students the opportunity to apply what they are learning in class to a real-world scenario. Students will examine the fraud scenarios, using Excel to analyze the data and continue the investigation.
  • Why Accounting? provides examples of how accounting skills are applicable in a variety of business situations. Tied to the National Career Clusters, this feature illustrates how accounting knowledge transfers into the workplace and validates accounting's importance in the marketplace.
  • Global Awareness presents the role of accounting in a global environment and the cultural implications that occur as a result of the trans-migratory nature of the marketplace. It reflects current trends, concerns, and issues in global business, and cultural diversity in the workplace. Cultural issues will address both international and domestic issues.
  • Financial Literacy guides students in the exploration of both business finance issues and critical personal finance 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.
  • Ethics in Action responds to the increasing importance of ethics and personal character in accounting today. These ethical dilemmas assist students with decision-making and critical-thinking skills and challenge students' personal character development.
  • New companies featured throughout this edition capture students' interest in fascinating chapter openers and effective examples. Businesses such as Skechers, PetSmart, Target, and Pandora Media connect chapter topics to what's driving business decisions and organizations.
  • A Look at Accounting Software shows windows and screen grabs from a fictional accounting software program. The objective is to help students understand that what they have just learned to do manually can be done using real-world accounting software.
  • Analysis of Home Depot'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.
  • Automated Accounting Online is the next generation of the Automated Accounting software program that has successfully introduced students to computerized accounting for many years. Automated Accounting Online provides exposure to the accounting cycle and real-world accounting software through the completion of the CENTURY 21 ACCOUNTING ADVANCED end-of-chapter problems and simulations. Automated Accounting Online provides the functionality of commercial software incorporated with educational features that make teaching and learning computerized accounting easy. Automated Accounting Online provides immediate feedback for students and automatic grading for instructors. The completely redesigned interface is even more realistic, and similar to what users see in commercial software programs such as Sage 50® and QuickBooks®.
  • The market's first Online Working Papers, powered by Aplia, have been enhanced. Featuring automatic grading for instructors and immediate feedback for students, C21 Accounting Online Working Papers mirror the print working papers and tests including online journals, ledgers, worksheets, financial statements, and other forms students use to complete their textbook problems and tests. As students complete the assignments, you receive a complete assessment of their work and comprehension levels, while their grades are instantly entered into your online grade book. Device independent, the new Online Working Papers will work on PC, MACs, iPads, and other devices.
  • A contemporary new design and presentation with step-by-step instructions and descriptive text clearly reinforces concepts.

Components

Teacher Components

  • Recycling Problems Working Papers  (ISBN-10: 111199093X | ISBN-13: 9781111990930)
    Printed Working Papers help you efficiently complete Recycling Problems from Appendix C in the text.
    Price = 30.25
  • Adventure Gear Automated Simulation with Automated Accounting Online  (ISBN-10: 1133588336 | ISBN-13: 9781133588337)
    Students will sell extreme sports equipment while they practice accounting applications in this dynamic merchandising business organized as a corporation. Students complete the simulation after Chapter 14. Completion time 10-17 hours. Automated simulations are completed using Automated Accounting Online. The Automated Accounting Online access code is packaged within the simulation packet.
    Price = 38.00
  • Organic Aisles Automated Simulation with Automated Accounting Online  (ISBN-10: 1133588298 | ISBN-13: 9781133588290)
    Students encounter accounting principles and practical applications as they experience the challenges of operating a departmentalized organic grocery store organized as a corporation. The company sells produce and grocery items. Separate accounting records are kept for two departments, the Produce Department and the Grocery Department. Completion time 4-8 hours. Automated simulations are completed using Automated Accounting Online. The Automated Accounting Online access code is packaged within the simulation.
    Price = 38.00
  • Working Papers, Chapters 1-24  (ISBN-10: 1285073282 | ISBN-13: 9781285073286)
    Printed Working Papers help students efficiently complete end-of-lesson, end-of-chapter, and reinforcement activities, as well as improved chapter study guides.
    Price = 43.25
  • Working Papers, Chapters 1-14  (ISBN-10: 1133103685 | ISBN-13: 9781133103684)
    Printed Working Papers help students efficiently complete end-of-lesson, end of-chapter, and reinforcement activities, as well as improved chapter study guides.
    Price = 30.25
  • Working Papers, Chapter 15-24  (ISBN-10: 1133103707 | ISBN-13: 9781133103707)
    Printed Working Papers help students efficiently complete end-of-lesson, end-of-chapter, and reinforcement activities, as well as improved chapter study guides.
    Price = 30.25
  • Automated Accounting Online Instant Access  (ISBN-10: 1133944450 | ISBN-13: 9781133944454)
    Price = 10.50
  • Aplia Instant Access  (ISBN-10: 1133946127 | ISBN-13: 9781133946120)
    Price = 40.00
  • Organic Aisles Manual Simulation  (ISBN-10: 1133588271 | ISBN-13: 9781133588276)
    Students encounter accounting principles and practical applications as they experience the challenges of operating a departmentalized organic grocery store organized as a corporation. The company sells produce and grocery items. Separate accounting records are kept for two departments, the Produce Department and the Grocery Department. Students complete the simulation after Chapter 4. Completion time 4-8 hours.
    Price = 38.00
  • Adventure Gear Manual Simulation  (ISBN-10: 113358831X | ISBN-13: 9781133588313)
    Students will sell extreme sports equipment while they practice accounting applications in this dynamic merchandising business organized as a corporation. Students complete the simulation after Chapter 14. Completion time 10-17 hours.
    Price = 38.00
  • Online Adobe PDF eBook Instant Access  (ISBN-10: 1285189582 | ISBN-13: 9781285189581)
    Price = 86.25

Student Supplements

  • Recycling Problems Working Papers  (ISBN-10: 111199093X | ISBN-13: 9781111990930)
    Printed Working Papers help you efficiently complete Recycling Problems from Appendix C in the text.
    Price = 30.25
  • Adventure Gear Automated Simulation with Automated Accounting Online  (ISBN-10: 1133588336 | ISBN-13: 9781133588337)
    Sell extreme sports equipment while you practice accounting applications in this dynamic merchandising business organized as a corporation. Complete the simulation after Chapter 14. Completion time is 10-17 hours.
    Price = 38.00
  • Organic Aisles Automated Simulation with Automated Accounting Online  (ISBN-10: 1133588298 | ISBN-13: 9781133588290)
    Experience the challenges of operating a departmentalized organic grocery store organized as a corporation. The company sells produce and grocery items. Complete the simulation after Chapter 4. Completion time 4-8 hours.
    Price = 38.00
  • Working Papers, Chapters 1-24  (ISBN-10: 1285073282 | ISBN-13: 9781285073286)
    Printed Working Papers help you efficiently complete end-of-lesson, end-of-chapter, and reinforcement activities, as well as improved chapter study guides.
    Price = 43.25
  • Working Papers, Chapters 1-14  (ISBN-10: 1133103685 | ISBN-13: 9781133103684)
    Printed Working Papers help you efficiently complete end-of-lesson, end of-chapter, and reinforcement activities, as well as improved chapter study guides.
    Price = 30.25
  • Working Papers, Chapter 15-24  (ISBN-10: 1133103707 | ISBN-13: 9781133103707)
    Printed Working Papers help you efficiently complete end-of-lesson, end-of-chapter, and reinforcement activities, as well as improved chapter study guides.
    Price = 30.25
  • Automated Accounting Online Instant Access  (ISBN-10: 1133944450 | ISBN-13: 9781133944454)
    Price = 10.50
  • Aplia Instant Access  (ISBN-10: 1133946127 | ISBN-13: 9781133946120)
    Price = 40.00
  • Organic Aisles Manual Simulation  (ISBN-10: 1133588271 | ISBN-13: 9781133588276)
    Experience the challenges of operating a departmentalized organic grocery store organized as a corporation. The company sells produce and grocery items. Complete the simulation after Chapter 4. Completion time 4-8 hours.
    Price = 38.00
  • Adventure Gear Manual Simulation  (ISBN-10: 113358831X | ISBN-13: 9781133588313)
    Sell extreme sports equipment while you practice accounting applications in this dynamic merchandising business organized as a corporation. Complete the simulation after Chapter 14. Completion time is 10-17 hours.
    Price = 38.00
  • Online Adobe PDF eBook Instant Access  (ISBN-10: 1285189582 | ISBN-13: 9781285189581)
    Price = 86.25