Much has been written about the economic and political problems of countries that are in the process of changing from centrally planned systems to market systems. Most studies have focused on the economic, legal, political, and sociological problems these economies have had to face during the transition period. However, not much has been written about the dramatic changes that have to be made to the accounting and financial system of a transition economy. Accounting and Financial System Reform in a Transition Economy: A Case Study of Russia was written to help fill that gap.
Appropriate for accounting majors AND non-majors.
Students are introduced to an entrepreneur who decides to create his own business (Tom's Wear). In subsequent chapters, students read this running case example and learn financial accounting concepts through Tom's experiences as he grows and expands his business. This is the business process approach: Reimers 1) teaches students about the way a business works and 2) THEN shows how accounting fits into business processes. All of the traditional financial statements and the accounting equation are emphasized, but the focus is on how accounting relates to business processes. Excel Application Problems, financial statements, internal controls, and business risks are integrated into every chapter. Chapter 4 on accounting procedures (debits and credits) may be included or omitted based upon instructor preference.
Discover the importance of today's college accounting course and its role in laying the groundwork for your future classes and jobs as COLLEGE ACCOUNTING: A CAREER APPROACH, 13E offers an even stronger focus on teaching the fundamentals of accounting from a career development approach. This text provides you with an opportunity to learn the most important fundamental concepts of accounting and then apply these concepts using QuickBooks Online and Excel. QuickBooks Online 5-month subscription is packaged with every new edition. The book's engaging real-world context keeps chapter content both relevant and vital to your academic and professional success. With this edition, end-of-chapter materials are now available online in CengageNOW v2, which enables you to test your mastery of new concepts with a personalized study plan."