Fundamental Accounting Principles Volume 1
Explore the 18th Edition of Larson
Larson's Fundamental Accounting Principles has been a trusted resource for introductory accounting students for over five decades. Known for its clear, concise, and systematic approach, it simplifies complex accounting concepts, building students' confidence and understanding. Engaging chapter-opening vignettes featuring dynamic entrepreneurs highlight the real-world relevance of accounting, encouraging students to think like business professionals. The title also includes a robust array of assignments, offering instructors versatile tools to teach, assess, and challenge learners.
Integrated Excel
Tableau Dashboard Activities
Accounting Cycle: Accrual Accounting
Accounting Cycle: Unearned Revenue
VOLUME 1
Preface
CHAPTER 1 Accounting in Business
CHAPTER 2 Analyzing and Recording Transactions
CHAPTER 3 Adjusting Accounts for Financial Statements
CHAPTER 4 Completing the Accounting Cycle and Classifying Accounts
CHAPTER 5 Accounting for Merchandising Activities
CHAPTER 6 Inventory Costing and Valuation
CHAPTER 7 Internal Control and Cash
CHAPTER 8 Receivables
CHAPTER 9 Property, Plant, and Equipment and Intangibles
APPENDIX I Payroll Liabilities
APPENDIX II Accounting Information Systems
APPENDIX III Financial Statement Information
APPENDIX IV Chart of Accounts
With its direct, concise, and systematic approach, Larson's Fundamental Accounting Principles streamlines complex accounting processes and helps students build confidence by mastering key concepts and procedures. Chapter opening vignettes using dynamic entrepreneurs appeal to all students and show the relevance of accounting. Students are encouraged to think like a businessperson and apply what they learn. A robust variety of assignments provides instructors with materials to teach, assess, and challenge students on several levels.
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.
New Accounting Cycle Review videos bring the Accounting Cycle to life! Each video includes an auto-graded assignment for each step of the cycle. Once all steps are completed, there is a capstone problem available for students to complete the cycle in a single auto-graded assignment.
New General Ledger Problems expose students to general ledger software similar to that in practice, without the expense and hassle of downloading additional software. They offer students the ability to record financial transactions and see how these transactions flow into financial statements. Easy minimal-scroll navigation, instant "Check My Work" feedback, and fully integrated hyperlinking across tabs show how inputted data affect each stage of the accounting process. Algorithmic versions are available. All are auto-gradable.
New AI Reader. McGraw Hill's AI Reader provides students with an embedded AI learning tool that promotes active reading to drive meaningful engagements and conceptual understanding of course content, not just rote memorization. AI Reader allows instructors to maintain control over how students are using AI in their courses, with trusted materials and guardrails.
Algorithmic Tableau Dashboard Activities expose students to accounting analytics using visual displays. All analytics and visualization activities are familiar to instructors as they consist of introductory accounting concepts and procedures applied in our current assignments. A quick study, exercise, and mini-case are available for each chapter. All are auto-gradable.
New Applying Integrated Excel takes our Integrated Excel capability, where Microsoft Excel Online opens seamlessly inside Connect, to the next level. Students work with key accounting Excel formulas and functions as well as develop analytic skills with these auto-graded assignments. Video hints are included in each project to support students learning new Excel skills necessary to complete the assignment.
New Connect-only Test Bank. This bank of questions is intended for assignment exclusively within Connect, helping instructors deal with issues of academic integrity. The questions are presented in a combination of static and algorithmic (both quantitative and qualitative algo) modes and cover all learning objectives in all of the chapters. The questions are qualitative and quantitative in nature and span the entire "degree-of-difficulty" continuum, including easy, medium, and hard.
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 Eighteenth Canadian Edition has increased the use of real business examples to reflect the most current information available. This continues Larson's 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 focus on the data-driven decisions that are impacting business leaders today, including the need for students to understand the impact of accounting-specific information to excel at making effective, relevant decisions. 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, 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's 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.
Connect. Connect is McGraw Hill's award-winning digital teaching and learning solution designed to enhance your teaching style. It allows you to deliver, personalize and measure your course with ease. Plus, Connect can integrate with your LMS system to provide a seamless experience for you and your students. Within Connect, students have access to SmartBook, an adaptive learning and reading tool that personalizes content to each student's unique needs. Because SmartBook creates the ideal study path for each student, every minute they spend studying is the most effective minute possible.
McGraw-Hill Connect is an award-winning digital teaching and learning solution that empowers students to achieve better outcomes and enables instructors to improve course management efficiency.
High-Quality Course Material
Our trusted solutions are designed to help students actively engage in course content and develop critical higher-level thinking skills while offering you the flexibility to tailor your course to the ways you teach and the ways your students learn.
Assignments & Automatic Grading
Connect features a question bank that you can select from to create homework, practice tests and quizzes. Dramatically reduce the amount of time you spend reviewing homework and grading quizzes, freeing up your valuable time to spend on teaching.
Analytics & Reporting
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.