Product Description
Appropriate for accounting majors AND non-majors. In Chapter 1, students are introduced to an entrepreneur who decides to create his own business (Tom's Wear). In subsequent chapters, students read this running case example and learn financial accounting concepts through Tom's experiences as he grows and expands his business. This is the business process approach: Reimers 1) teaches students about the way a business works and 2) THEN shows how accounting fits into business processes. All of the traditional financial statements and the accounting equation are emphasized, but the focus is on how accounting relates to business processes. Excel Application Problems, financial statements, internal controls, and business risks are integrated into every chapter. This version of the text includes full treatment of debits and credits in chapters 4-11.
From the Back Cover
Financial Accounting: A Business Process Approach attempts to bridge the gap between business and accounting. It starts out by setting the stage with a description of what a business is all about. This provides a framework in which readers can see how accounting relates to and reports on business activities. This book shows how accounting fits into business as a company is created, operated, and expanded. The traditional financial statements and the accounting equation are emphasized, but how accounting relates to business processes is at the core. This version of Reimers introduces debits and credits in Chapter 4 and then contains integrated treatment of debits and credits in all subsequent chapters. It covers merchandising and inventory; integrates statement of cash flows, business risks, and internal controls; emphasizes financial statements; and integrates Excel into every chapter. For financial statement users and preparers.







