In this second course in the fundamentals of accounting, Gilbertson (North Hennepin Community College) et al. describe current practices related to accounting for a merchandising business
organized as a corporation, focusing on adjustments and valuation. The text contains three to five lessons and corresponding assessment activities in each chapter, which relate to acquiring
capital for growth and development; accounting for plant assets, depreciation, intangible assets, inventory, partnerships, accruals, deferrals, and reversing entries; end-of-fiscal-period work
for a corporation; and recording international and Internet sales. This edition adds emphasis on conceptual understanding and financial statement analysis; features related to forensic
accounting, global awareness, ethics, financial literacy, thinking like an accountant, careers, and how accounting skills are applicable in a variety of situations; and new activities for
critical thinking and twenty-first century skills, real-world applications, and enhanced online resources, including Online Working Papers for quick feedback and automated simulations using
Automated Accounting Online computerized accounting software. Annotation ©2013 Book News, Inc., Portland, OR (booknews.com)
