Century 21 Accounting: Multicolumn Journal

  • AUTHORS: Claudia Bienias Gilbertson; Mark W. Lehman; Debra Gentene
  • ISBN-13: 9780840064653 
  • 880 Pages  Hardcover 
  • 10th Edition  |  Previous Editions: 2012, 2009, 2006
  • ©2014     Published
  • Prices are valid only in the respective region

Overview

About The Product

Transform your high school accounting course with CENTURY 21 ACCOUNTING MULTICOLUMN JOURNAL 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®, Peachtree®, QuickBooks®, and Automated Accounting Online, with step-by-step instructions and the flexibility to use multiple versions of software. 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 service business organized as a proprietorship and merchandising businesses organized as corporations before concluding with special topics, partnerships, and the recording of international sales and electronic transactions.
  • 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 Own 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 readiness.
  • Commercial Technology integrated into the end of each chapter equips students to work with Microsoft Excel®, Peachtree®, QuickBooks®, and Automated Accounting Online with step-by-step instructions and the flexibility to use multiple versions of software. 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 Nike'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 introductory exposure to the accounting cycle and real-world accounting software through the completion of the CENTURY 21 ACCOUNTING 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 Peachtree® and QuickBooks®.
  • New companies featured throughout this edition capture students' interest in fascinating chapter openers and effective examples. Businesses such as TOMs Shoes, iTunes, American Eagle, McDonald's, and Google 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. For example, the Enron scandal is discussed in Accounting Scandals Rock the Financial World in Chapter 1. The students are asked to research other accounting scandals such as WorldCom, Adelphia, HealthSouth, or Parmalat and write a brief summary.
  • 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 each new transaction in the text provide objective evidence for journalizing every transaction. Source documents are included in online and printed working papers for select end-of-chapter problems.
  • 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.

  • Debra Gentene

    Debra H. Gentene has taught business education at the high school level for 20 years and currently teaches at Mason High School in Ohio. A former community college instructor and corporate training manager, Debra has been active in the National Business Education Association, serving on the Entrepreneurship Standards Committee. Debra recently won the Leavey Award and Warren County's Innovative Teacher of the Year award.

Table of Contents

PART I: ACCOUNTING FOR A SERVICE BUSINESS ORGANIZED AS A PROPRIETORSHIP.
1. Starting a Proprietorship: Changes That Affect the Accounting Equation.
2. Analyzing Transactions into Debit and Credit Parts.
3. Journalizing Transactions.
4. Posting to a General Ledger.
5. Cash Control Systems.
RA1 Part A: An Accounting Cycle for a Proprietorship: Journalizing and Posting Transactions.
6. Work Sheet and Adjusting Entries for a Service Business.
7. Financial Statements for a Proprietorship.
8. Recording Closing Entries and Preparing a Post-Closing Trial Balance for a Service Business.
RA1 Part B: An Accounting Cycle for a Proprietorship: End-of-Fiscal-Period Work.
Simulation Marketing Page for Red Carpet Events.
PART II: ACCOUNTING FOR A MERCHANDISING BUSINESS ORGANIZED AS A CORPORATION.
9. Accounting for Purchases and Cash Payments.
10. Accounting for Sales and Cash Receipts.
11. Transactions Journalized on a General Journal.
12. Preparing Payroll Records.
13. Accounting for Payroll and Payroll Taxes.
RA2 Part A: An Accounting Cycle for a Corporation: Journalizing and Posting Transactions.
14. Accounting for Uncollectible Accounts Receivable.
15. Preparing Adjusting Entries and a Trial Balance.
16. Financial Statements and Closing Entries for a Corporation.
17. Financial Statement Analysis.
RA 2 Part B: An Accounting Cycle for a Corporation: End-of-Fiscal-Period Work.
Simulation Marketing Page for Authentic Threads.
PART III: ACCOUNTING FOR A MERCHANDISING BUSINESS ORGANIZED AS A CORPORATION--ADJUSTMENTS AND VALUATION.
18. Acquiring Capital for Growth and Development.
19. Accounting for Plant Assets, Depreciation, and Intangible Assets.
20. Accounting for Inventory.
RA3 Part A: An Accounting Cycle for a Corporation: Journalizing and Posting Transactions.
21. Accounting for Accruals, Deferrals, and Reversing Entries.
22. End-of-Fiscal-Period Work for a Corporation.
RA3 Part B: An Accounting Cycle for a Corporation: End-of-Fiscal-Period Work.
Simulation Marketing Page for Digital Diversions.
PART IV: ADDITIONAL ACCOUNTING PROCEDURES.
23. Accounting for Partnerships.
24. Recording International and Internet Sales.
App. A: Accounting Concepts.
App. B: Analyzing Nike's Financial Statements.
App. C: Using a Calculator and Computer Keypad.
App. D: Recycling Problems.
App. E: 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 readiness.
  • 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. For example, the Enron scandal is discussed in Accounting Scandals Rock the Financial World in Chapter 1. The students are asked to research other accounting scandals such as WorldCom, Adelphia, HealthSouth, or Parmalat and write a brief summary.
  • New companies featured throughout this edition capture students' interest in fascinating chapter openers and effective examples. Businesses such as TOMs Shoes, iTunes, American Eagle, McDonald's, and Google 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 Nike'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 introductory exposure to the accounting cycle and real-world accounting software through the completion of the CENTURY 21 ACCOUNTING 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 to what users see in commercial software programs such as, Peachtree® 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.
  • A contemporary new design and presentation with step-by-step instructions and descriptive text clearly reinforces concepts.

Components

Teacher Components

  • Recycling Problems Working Papers, Student Edition  (ISBN-10: 1111578850 | ISBN-13: 9781111578855)
    Printed Working Papers help students efficiently complete Recycling Problems from Appendix D in the text.
    Price = 30.25
  • Red Carpet Events Manual Simulation  (ISBN-10: 1111579407 | ISBN-13: 9781111579401)
    Students encounter accounting principles and practical applications as they experience the challenges of operating an event-planning service business organized as a proprietorship. Students complete the simulation after Chapter 8. Completion time 4-8 hours.
    Price = 31.25
  • Digital Diversions Manual Simulation  (ISBN-10: 1111579512 | ISBN-13: 9781111579517)
    Students go digital in this engaging simulation with the latest retail software, cell phones, video cameras, music, and more in this merchandising business organized as a corporation. Students complete the simulation after Chapter 22. Completion time 10-15 hours.
    Price = 30.50
  • Authentic Threads Manual Simulation  (ISBN-10: 1111579660 | ISBN-13: 9781111579661)
    Students will bring fashion trends into the world of accounting while they practice accounting applications in this dynamic merchandising business organized as a corporation. Students complete the simulation after Chapter 17. Completion time 10-17 hours.
    Price = 30.50
  • Enhanced Cengage Online eBook Instant Access Code  (ISBN-10: 1133940668 | ISBN-13: 9781133940661)
    Price = 86.25
  • AAO Instant Access  (ISBN-10: 1133944612 | ISBN-13: 9781133944614)
    Price = 10.00
  • Aplia Online Working Papers, Chapters 1-24 Printed Access Card  (ISBN-10: 1285418964 | ISBN-13: 9781285418964)
    Price = 40.00
  • Aplia Online Working Papers, Chapters 1-17 Printed Access Card  (ISBN-10: 1285418980 | ISBN-13: 9781285418988)
    Price = 29.00
  • Aplia Online Working Papers, Chapters 18-24 Printed Access Card  (ISBN-10: 1285418972 | ISBN-13: 9781285418971)
    Price = 29.00

Student Supplements

  • Recycling Problems Working Papers, Student Edition  (ISBN-10: 1111578850 | ISBN-13: 9781111578855)
    Printed Working Papers help students efficiently complete Recycling Problems from Appendix D in the text.
    Price = 30.25
  • Red Carpet Events Manual Simulation  (ISBN-10: 1111579407 | ISBN-13: 9781111579401)
    Experience the challenges of operating an event-planning service business organized as a proprietorship. Complete the simulation after Chapter 8. Completion time 4-8 hours.
    Price = 31.25
  • Red Carpet Events Automated Simulation with AAO  (ISBN-10: 1111579431 | ISBN-13: 9781111579432)
    Price = 32.50
  • Digital Diversions Manual Simulation  (ISBN-10: 1111579512 | ISBN-13: 9781111579517)
    Go digital in this engaging simulation with the latest retail software, cell phones, video cameras, music, and more in this merchandising business organized as a corporation. You complete the simulation after Chapter 22. Completion time 10-15 hours.
    Price = 30.50
  • Digital Diversions Auto Simulation with AAO  (ISBN-10: 1111579644 | ISBN-13: 9781111579647)
    Price = 32.50
  • Authentic Threads Manual Simulation  (ISBN-10: 1111579660 | ISBN-13: 9781111579661)
    Bring fashion trends into the world of accounting while you practice accounting applications in this dynamic merchandising business organized as a corporation. You complete the simulation after Chapter 17. Completion time is 10-17 hours.
    Price = 30.50
  • Authentic Threads Auto Simluation with AAO  (ISBN-10: 1111579695 | ISBN-13: 9781111579692)
    Price = 32.50
  • Enhanced Cengage Online eBook Instant Access Code  (ISBN-10: 1133940668 | ISBN-13: 9781133940661)
    Price = 86.25
  • AAO Instant Access  (ISBN-10: 1133944612 | ISBN-13: 9781133944614)
    Price = 10.00
  • Aplia Online Working Papers, Chapters 1-24 Instant Access  (ISBN-10: 1285436113 | ISBN-13: 9781285436111)
    Price = 40.00
  • Aplia Online Working Papers, Chapters 1-24 Printed Access Card  (ISBN-10: 1285418964 | ISBN-13: 9781285418964)
    Price = 40.00
  • Aplia Online Working Papers, Chapters 1-17 Instant Access  (ISBN-10: 1285436091 | ISBN-13: 9781285436098)
    Price = 29.00
  • Aplia Online Working Papers, Chapters 1-17 Printed Access Card  (ISBN-10: 1285418980 | ISBN-13: 9781285418988)
    Price = 29.00
  • Aplia Online Working Papers, Chapters 18-24 Instant Access  (ISBN-10: 1285436105 | ISBN-13: 9781285436104)
    Price = 29.00
  • Aplia Online Working Papers, Chapters 18-24 Printed Access Card  (ISBN-10: 1285418972 | ISBN-13: 9781285418971)
    Price = 29.00

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Printed Text + AAO Instant Access

  • ISBN-10: 1305517067  | ISBN-13: 9781305517066
  • Price = $94.75

Printed Text + Aplia Online Working Papers, Chapters 1-24 Instant Access

  • ISBN-10:  1305517075 | ISBN-13:  9781305517073
  • Price = $94.75