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Fundamental Accounting Principles Volume 2

17th Edition
1260881334 · 9781260881332
Larson's Fundamental Accounting Principles is highly regarded for its student-centered content, strong pedagogy, and innovative technology. Larson emphasizes student success at its core, streamlining complex accounting processes and helping students … Read More
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Welcome from co-author Heidi Dieckmann

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VOLUME 2 

CHAPTER 9 Property, Plant, and Equipment and Intangibles
CHAPTER 10 Current Liabilities
CHAPTER 11 Partnerships
CHAPTER 12 Organization and Operation of Corporations
CHAPTER 13 Corporate Reporting: Profit, Earnings Per Share, and Retained Earnings
CHAPTER 14 Bonds and Long-Term Notes Payable
CHAPTER 15 Accounting for Debt and Share Investments
CHAPTER 16 Reporting and Analyzing Cash Flows
CHAPTER 17 Analyzing Financial Statements
APPENDIX I Payroll Liabilities
APPENDIX II Financial Statement Information
APPENDIX III Chart of Accounts

Larson's Fundamental Accounting Principles is highly regarded for its student-centered content, strong pedagogy, and innovative technology. Larson emphasizes student success at its core, streamlining complex accounting processes and helping students build confidence by mastering key concepts and procedures. Canadian authors Heidi Dieckmann and John Harris present accounting principles concepts in a clear, relevant, and technically accurate manner. Developed based on evolving market needs, Larson supports both accounting and non-accounting students to be career ready.

Meeting you and your students where you are.


Larson continues to strive to achieve the ultimate balance between the preparer focus and user focus in its delivery of financial accounting to meet the current needs of today's diverse range of business students. The 17th Canadian Edition provides an increased emphasis on global perspectives, presenting students with ethical issues and examples from around the world. Data analytics and visualization skills are an important skill set for today's business students. Several new features_integrated into the 17th edition are focused on providing today's business students with an introduction to these important skills.

Students benefit from McGraw Hill's innovative Connect technology, a highly reliable, easy-to-use homework and learning management solution that embeds learning science and award-winning adaptive tools to improve student results. A wide variety of assignment types in both Connect and in the End of Chapter Material help students master basic concepts & build real-world skills, while giving the instructor flexibility in their course.

Career Readiness - Data AnalyticsSeveral new features88integrated into the 17th edition are focused on providing today's business students with an introduction to Data Visualization skills:

  • Appendix 1A, Data Analytics in Accounting, provides students with a quick, getting-started summary in analyzing big data, Excel spreadsheets, and Tableau.
  • Integration of data analytics concepts into many of the chapter-opening vignettes, including Chapter 6 on Amazon, Chapter 7 on Shopify, Chapter 8 on the impact of big data on WN Pharmaceuticals' receivables management, and Chapter 9 on the Vancouver International Airport.

Career Readiness - Excel

  • The power of Microsoft Excel meets the power of Connect in our new Integrated Excel assignments. In this new assignment type, Excel opens seamlessly inside Connect, with no need for uploading or downloading any additional files or software. Instructors choose their preferred auto-graded solution, with the option for either grading for formula accuracy or for the solution value.
  • Applying Excel enables students to build their experience using Microsoft Excel while working through selected chapter problems. These problems are assignable in Connect and give students instant feedback. Accompanying videos teach students how to use Excel and the primary functions needed to complete each assignment. Short assignments can be assigned to test student comprehension of key Excel skills

Concept Overview Videos cover each chapter's learning objectives with multimedia presentations that include interactive Knowledge Checks to engage students and assess comprehension

Need to Know Videos. Featuring new video walk-through demos of most of the learning objectives for each chapter have been incorporated into the chapter content. These demonstrations pose questions about the material just presented - content the students "need to know" to learn accounting. Accompanying solutions walk students through key procedures and analyses necessary to be successful with homework and test materials. Need-to-Know demonstrations are supplemented with narrated, animated, step-by-step walk-through videos led by an instructor that are available via Connect.

Knowledge Check Up (KCU) questions are ten single-topic, multiple-choice questions designed to assess initial comprehension of the key chapter learning objectives. These reading readiness assessments have been written by the author to provide students with a quick and easy test as to whether they have achieved the critical comprehension concepts in each chapter before moving on to more comprehensive review problems. These can be used as a quick mini quiz at the beginning of each lecture to encourage students to complete chapter readings before class. Answers are provided in Connect, and at the end of chapters in print.

New Chapter Opening Vignettes. Six new chapter-opening vignettes, and significant updates to the remaining chapters featuring a range of engaging topics and including inspiring stories from company start-ups to success stories of well-known businesses and not-for-profit organizations. Nearly all of the vignettes include relevant video links for students to broaden their real-world exposure to critical business decisions. Many vignettes feature current issues facing businesses today, including the impact of the global COVID-19 pandemic, decision making in the world of big data, and issues pertaining to corporate social responsibility.

Summary Cheat Sheets. New to the 17th Edition, Summary Cheat Sheets are provided at the end of each chapter to reinforce student learning. Summary Cheat Sheets are roughly one to two pages in length and include key procedures, concepts, journal entries, and formulas.

Personal Finance Series. Featured in Chapters 1 through 9, this new feature introduces students to important concepts about managing their own finances and are geared toward advice for todays post-secondary students. Each topic includes an informative follow-up podcast that students can use to help develop their own financial expertise to prepare them for lifes upcoming decisions that impact their personal balance sheet and managing decisions around their personal income and expenses.

Ethical Competency Development. This edition features 17 new Ethical Impact boxes that have been crafted to highlight an ethical dilemma for each chapter based on a real-world example linked directly to issues within the chapter learning objectives. Instructors can take a moment to help students develop these critical professional skills.

Clarity of Presentation. Larson presents accounting principles concepts in a clear manner integrating text wording with corresponding visual exhibits that reinforces active student learning.

Real-World Focus. The Seventeenth Canadian Edition has increased the use of real business examples to reflect the most current information available. This continues Larsons strong ties to the real world of accounting, be it through detailed interviews with businesspeople for the chapter-opening vignettes, examples of ethical standards and treatments, or annual reports for both in-chapter example disclosures and end-of-chapter material. This integration with real world companies helps engage students while they read.

Student-Centered Pedagogy. From text design elements such as the colour scheme to help students differentiate among the four key financial statements, to the integration of the Student Success Cycle that reinforces key steps toward understanding information a student has just read, Larson delivers unmatched student-centred pedagogy.

Wealth of Problem Material. Larson sets the standard in terms of quality and variety of end-of-chapter problem material. Students gain confidence as they progress through the Demonstration Problems (mid-chapter and end-of-chapter), Quick Study single-topic exercises, Exercises, Problems (Groups A&B), Analytical & Review Problems, Ethics Challenges, Focus on Financial Statements, Critical Thinking Mini Cases, and Cumulative Comprehensive Problems.

Award Winning Technology. Connect to accompany Larson includes SmartBook adaptive digital version of the text, assignable & auto-gradable text end-of-chapter material, algorithmic problems, additional study resources, and a wealth of instructor resources.

Critical Thinking Challenge. An essential element of critical thinking is the ability to ask questions while reading (or listening or speaking). These exercises are designed to help students develop the skills related to questioning. Several Exercises, Problems, and Focus on Financial Statements also include an analysis component to provide opportunities for students to develop critical thinking skills

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Monitor progress and improve focus with Connect’s visual and actionable dashboards. Reports are available to empower both instructors and students with real-time performance analytics.

Seamless Integration
Link your Learning Management with Connect for single sign-on and gradebook synchronization, with all-in-one ease for you and your students.

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