Cornerstones of Financial Accounting 4th Edition
Jay Rich | Jeff Jones
ISBN-13: 9781337690881 | ISBN-10: 1337690880
© 2018 | Published |  864  Pages
Previous Editions: 9781285423678

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Hard/Casebound Book or Journal
US $249.95
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CORNERSTONES OF FINANCIAL ACCOUNTING helps students understand the role of accounting in business with a balanced approach that helps students understand the relationship between accounting, financial statements, and business decisions. Built around how students read and use textbooks, the Cornerstones approach and CengageNOWv2 gets them through the fundamentals FASTER and MORE INDEPENTENTLY, allowing more time to focus on the use of accounting information in real world companies. Rather than focusing on concepts in isolation, students view accounting as a system and learn how the interaction of numbers impact end results. Available with CengageNOWv2, you can now better prepare students for the exam by providing an online homework experience that discourages overreliance on the system and is similar to what students will experience on the exam and in the real world.

  • 1. Accounting and the Financial Statements.
    2. The Accounting Information System.
    3. Accrual Accounting.
    Making the Connection, Integrative Exercise: The Accounting Cycle.
    4. Internal Control and Cash.
    5. Sales and Receivables.
    6. Cost of Goods Sold and Inventory.
    7. Operating Assets.
    Making the Connection, Integrative Exercise: Integrated Asset Accounting.
    8. Current and Contingent Liabilities.
    9. Long-Term Liabilities.
    10. Stockholders' Equity.
    Making the Connection, Integrative Exercise: Integrating Accounting for Liabilities and Equity.
    11. The Statement of Cash Flows.
    12. Financial Statements Analysis.
    Appendix 1: International Financial Reporting Standards.
    Appendix 2: Investments.
    Appendix 3: Time Value of Money.
    Appendix 4: Financial Statement Information: Under Armour.
    Appendix 5: Financial Statement Information: Columbia Sportswear.
    Check Figures.

    • ETHICAL DECISIONS FEATURES TEACH READERS TO MAKE INFORMED ETHICAL CHOICES. To succeed in today's business climate, students need to be able to analyze business situations thoughtfully and make informed, ethical decisions. This book weaves Ethical Decisions features throughout each chapter to encourage students to develop these essential skills and consider the ethical implications of their actions in every situation.
    • INNOVATIVE CORNERSTONES APPROACH IS PROVEN TO INCREASE STUDENT ENGAGEMENT AND IMPROVE GRADES. Based on student reading behavior and market research, the Cornerstones approach illustrates each major concept in a Cornerstone. These Cornerstones amplify accounting concepts with compelling examples, step-by-step calculations to solve a business problem, and links to brief videos that reinforce key concepts and procedures. Corresponding end-of-chapter Cornerstone Exercises highlight the relevant Cornerstone Examples, which can help students become more independent learners.
    • EACH CHAPTER OPENS WITH AN EXPERIENCE FINANCIAL ACCOUNTING VIGNETTE. These engaging vignettes highlight how real companies like Apple, Verizon, and Google use accounting information to make better decisions. Real financial statements from leading, recognizable companies illustrate key concepts. Each chapter includes an assignment that requires students to analyze and interpret actual financial data for companies such as Under Armour and VF.
    • UPDATED REAL-WORLD EXAMPLES EMPHASIZE CONCEPTS IN PRACTICE. Hundreds of memorable and descriptive examples throughout this edition depict and clarify the concepts that students are learning.
    • UPDATED CASES HIGHLIGHT UNDER ARMOUR AND COLUMBIA SPORTSWEAR. Students gain valuable practice applying the concepts they are learning to the financials within actual, familiar companies.
    • UPDATED REVENUE RECOGNITION STANDARDS KEEP STUDENTS CURRENT WITH THE LATEST DEVELOPMENTS. Content reflects today's most current FASB and the International Accounting Standards Board (IASB) updates.
    • CengageNOW™v2 BETTER PREPARES STUDENTS FOR THE EXAM. CengageNOW™v2 discourages overreliance on the homework system and better prepares students for the exam by providing an online homework experience that is similar to what students will experience on the exam and in the real-world.
    • SHOW ME HOW VIDEOS KEEP STUDENTS ON TRACK. Hundreds of "Show Me How" problem demonstration videos, created by the textbook author’s, provide a step-by-step model of a similar problem. Embedded tips and warnings help students avoid common mistakes and pitfalls, keeping them on track and reducing frustration. Identified by an icon in the text margins, "Show Me How" videos correspond to specific assignments in CengageNOW™v2 and offer ideal opportunities for self-study and review.
    • ACCOUNTING EQUATION IMPACT TOOL IN CengageNOW™v2 HELPS STUDENTS UNDERSTAND THE IMPACT OF TRANSACATION ON THE BALANCE SHEET. Students are able to work with the Journal Entry Tool to enter transactions into accounting journals as they complete their online assignments and practice.
    • TELL ME MORE VIDEOS IN CengageNOW™v2 HELP FLIP YOUR CLASSROOM. Assignable Tell Me More videos are available for every Learning Objective in the product. These activities expose students to concepts and terminology prior to class, allowing you to spend more in-class time with exercises, projects or discussions.
For more information about these supplements, or to obtain them, contact your Learning Consultant

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    ISBN-10: 1337690961 | ISBN-13:9781337690966
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    Instructor’s Companion Website for Rich/Jones' Cornerstones of Financial Accounting
    ISBN-10: 1337691003 | ISBN-13:9781337691000
    List Price = 61.95
    Everything you need for your course in one place! This collection of product-specific lecture and class tools is available online via the instructor resource center at You'll be able to access and download materials such as PowerPoint® presentations, images, instructor’s manual, and more.

  • Jay Rich is a Professor of Accounting at Illinois State University. He received his B.S., M.S., and Ph.D. from the University of Illinois. Prior to entering the Ph.D. program, he worked as an auditor at Price Waterhouse & Co. in Chicago and earned his C.P.A. in 1985. He has published articles in The Accounting Review, Auditing: A Journal of Practice & Theory, Accounting Horizons, Organizational Behavior and Human Decision Processes, Accounting Organizations and Society, and others. He has also served on the editorial board of Auditing: A Journal of Practice & Theory and Current Issues in Auditing.

    Dr. Rich has received both the Outstanding Dissertation Award and Notable Contribution to the Literature Award from the Audit Section of the American Accounting Association as well as the Outstanding Educator Award from the Illinois CPA Society. His primary teaching interest is financial accounting and he has taught numerous courses at the undergraduate, masters, and doctoral levels. His outside interests include his family, travel, reading, and watching sports, but he spends most of his free time driving his children to various activities. He also repeatedly develops plans to exercise and diet at some point in the future. By all accounts, he is a master at grilling meat, a mediocre skier, and a shameful golfer.

    Dr. Jefferson P. Jones is an Associate Professor of Accounting in the School of Accountancy at Auburn University where he teaches financial accounting and applied financial research courses. He received his Bachelor’s in Accounting and Master of Accountancy degrees from Auburn University and his Ph.D. from Florida State University. Dr. Jones has received numerous teaching awards, including the Auburn University Beta Alpha Psi Outstanding Teaching Award (eight times); the Auburn University Outstanding Master of Accountancy Professor Teaching Award (five times); the Auburn University Outstanding Distance Master of Accountancy Teaching Award (three times); and the Auburn University College of Business McCartney Teaching Award. In addition, he has made numerous presentations around the country on research and pedagogical issues. Dr. Jones has public accounting experience as an auditor with Deloitte and Touche, holds a CPA certificate in the state of Alabama (inactive), and is a member of the American Accounting Association, the American Institute of Certified Public Accountants (AICPA), and the Alabama Society of CPAs (ASCPA). His research interests focus on financial accounting, specifically investigating the quality of reported accounting information, and accounting education. He has published articles in a variety of journals, including Advances in Accounting, Review of Quantitative Finance and Accounting, Issues in Accounting Education, International Journal of Forecasting, and The CPA Journal. When not at work, Dr. Jones enjoys playing golf and watching college football.