Belverd E. Needles, Marian Powers, Crosson
South-Western College Pub; 11th edition (January 5; 2010)
In order to stimulate critical thinking, the authors Needles, Powers, and Crossson present an interactive pedagogy that makes use of real-world situations to illustrate accounting principles. The revisions made to the eleventh edition of Principles of Financial Accounting were based on an in-depth analysis of the culture, nature, and motivations of today’s college students, as well as on significant feedback from their teachers. These significant alterations cater to the requirements of college students, who not only have to contend with a business world that is becoming more complicated as a result of globalization, ethical issues, and technology, but also have a greater number of competing priorities competing for their time. This electronic textbook teaches college students how business transactions, which are the results of business decisions, are recorded in a form that indicates how those decisions impacted the financial statements. This is done to assist the students in meeting the issues that they will face. Built on top of a solid pedagogy that has stood the test of time, this eleventh edition exhibits improved transaction analysis and its link to the accounting cycle.
Students are taught using a tried and true method that is based on correct accounting principles and sufficient technical depth to ensure that they have a firm grasp of fundamental accounting ideas.
Tools for Critical Thinking: The newly added Stop and Apply features offer assistance to college students in the development of the judgment skills necessary to succeed in today’s competitive business environment. Needles, Powers, and Crosson show how accounting should be done in action!
Relevant Coverage: Chapter-opening The International Financial Reporting Standards (IFRS) and the ever-evolving environment of financial reporting have been brought to the attention of college students through the enhancement of Decision Points.