Needles, Powers, and Crosson’s new etextbook, Principles Of Accounting 12th edition is continuously evolving to meet the needs of today’s accounting and finance student needs. This 12th edition’s new structure is based on research with college students about the best way to deliver content in this course! The chapters in Needles, Powers, Crosson have been organized into the 3 Section Approach, which helps students more easily digest the content.
The 1st section is Concepts and focuses on the overarching accounting concepts that require consistent reiteration throughout the course. With a clear understanding of the concepts, you are then ready to experience the 2nd section, Accounting Applications. Here you practice the application of accounting procedures with features like “Apply It” and a new transaction analysis model, which clearly illustrates how transactions are the result of business decisions and recorded in a way to show their effects on the financial statements. Finally, students use section 3, Business Applications. This third section illustrates how the concepts and procedures are used to make business decisions. Good and relevant real world and company examples are used throughout the chapter to show finance students the relevance of the material. This logical progression through the material is further supported in the online environment in CengageNOW (sold separately) with the Tri-Level Problem. This problem mirrors the 3 Section Approach and connects the sections to facilitate a more complete understanding. These substantial changes in the book will make you a more efficient learner and are designed to prepare you for a business world increasingly complicated by ethical issues, globalisation.