Century 21 Accounting: Advanced, 11th Student Edition

Claudia B. Gilbertson, Certified Public Accountant, served as a highly effective high school instructor for 11 years and a community college instructor for 25 years. While retired from North Hennepin Community College, Ms. Gilbertson remains active in shaping today's educational processes as she serves as a respected and sought-after consultant for numerous online accounting learning solutions. She is active in the National Business Education Association, North Central Business Education Association, and Minnesota Business Educators, Inc. Mark W. Lehman, assistant professor emeritus of Accountancy at the Richard C. Adkerson School of Accountancy at Mississippi State University, teaches Accounting Information Systems and Forensic Accounting. A former auditor with PricewaterhouseCoopers, Dr. Lehman is a Certified Public Accountant and a Certified Fraud Examiner. Dr. Lehman writes journal articles and consults with accountants on the use of software in fraud detection. He was awarded Outstanding Educator by the Mississippi Society of Certified Public Accountants in 2007. Daniel Passalacqua teaches accounting at Oak Grove High School in San Jose, CA.

• PART I: DEPARTMENTALIZED ACCOUNTING. 1. Recording Departmental Purchases and Cash Payments. 2. Recording Departmental Sales and Cash Receipts. 3. Calculating and Recording Departmental Payroll Data. 4. Financial Reporting for a Departmentalized Business. Reinforcement Activity 1: Processing and Reporting Departmentalized Accounting Data. PART II: ACCOUNTING ADJUSTMENTS AND VALUATIONS. 5. Inventory Planning and Valuation. 6. Accounting for Uncollectible Accounts. 7. Accounting for Plant Assets. 8. Accounting for Notes Payable, Prepaid Expenses, and Accrued Expenses. 9. Accounting for Unearned Revenue, Accrued Revenue, and Installment Notes Receivable. Reinforcement Activity 2: Processing Accounting Data for a Corporation. PART III: CORPORATION ACCOUNTING. 10. Organizing a Corporation. 11. Corporate Dividends and Treasury Stock. 12. Accounting for Bonds. 13. Financial Reporting and Analysis for a Corporation. 14. Statement of Cash Flows. Reinforcement Activity 3: Processing and Analyzing Accounting Data for a Corporation. PART IV: MANAGEMENT ACCOUNTING. 15. Budgetary Planning and Control 16. Management Decision Making Using Cost-Volume-Profit Analysis. 17. : Job Order Costing. 18. Management Decision Making Using Differential Analysis. 19. Other Costing Methods. Reinforcement Activity 4: Processing and Reporting Cost Accounting Data for a Manufacturing Business.PART V: INTERNAL CONTROL AND OTHER ORGANIZATIONAL STRUCTURES. 20. Internal Control. 21. Organizational Structure of a Partnership. 22. Financial Reporting for a Partnership. 23. Budgeting and Accounting for a Not-for-Profit Organization. 24. Financial Reporting for a Not-for-Profit Organization. Appendix A: Accounting Concepts. Appendix B: Analyzing Home Depot's Financial Statements. Appendix C: Answers to Audit Your Understanding. English Glossary. Spanish Glossary. Index. *Online Only: Recycling Problems.