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Corporate Financial Accounting, 17th Edition

Carl Warren, Jeff Jones, William B. Tayler

  • Copyright 2025
  • {{checkPublicationMessage('Published', '2024-02-21T00:00:00+0000')}}
Starting At $74.95 See pricing and ISBN options
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Corporate Financial Accounting 17th Edition by Carl Warren/Jeff Jones/William B. Tayler
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Overview

This edition from the acclaimed franchise provides a foundation in financial accounting concepts, emphasizing the importance of accounting in business and society. The latest development and tools in corporate accounting have been updated. Learning features create interactive learning experiences, closing the gap between homework and exam performance. This approach elevates student thinking, addresses each stage of the learning process and demonstrates how accounting provides key information to make critical business decisions. A new “Why This is Important?” feature addresses students using a text messages to relate chapter content to their lives and future careers. The online learning platform CNOWv2 helps students master important accounting skills as they learn accounting principles within the larger context of corporate business today.

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Meet the Authors

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Carl Warren

Dr. Carl S. Warren is professor emeritus of accounting at the University of Georgia, Athens. For more than 25 years, Dr. Warren taught all levels of accounting courses, with a primary focus on introductory accounting and auditing. Dr. Warren has taught classes at the University of Iowa, Michigan State University and University of Chicago. He received his Ph.D. from Michigan State University and his B.A.A. and M.A. from the University of Iowa. During his career, Dr. Warren published numerous articles in professional journals, including The Accounting Review, Journal of Accounting Research, Journal of Accountancy, The CPA Journal and Auditing: A Journal of Practice and Theory. Dr. Warren’s outside interests include handball, backpacking, skiing, hiking, fly-fishing and golf. He also tries to spend as much time as possible with his five grandchildren (two sets of twins). Dr. Warren and his wife reside in Montana.

Jeff Jones

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 B.S. 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 (12 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 and holds a C.P.A. certificate in the state of Alabama (inactive). He 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 numerous 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.

William B. Tayler

William B. Tayler is the Robert J. Smith Professor of Accountancy in the Marriott School of Business at Brigham Young University. Dr. Tayler is an internationally renowned, award winning accounting teacher and researcher.

What's New

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  • NEW "WHY IS THIS IMPORTANT?" FEATURE HAS BEEN ADDED TO EVERY CHAPTER OPENING. This feature addresses students using a text message format to relate each chapter’s content to students’ daily lives and future careers.
  • USING DATA ANALYTICS EXAMPLES HAVE BEEN ADDED TO EVERY CHAPTER, describing an application of data analytics to each chapter’s content. "Take It Further" data analytic cases have been added to all chapters. These cases in CNOWv2 use datasets related to the chapter content that requires students to analyze and develop reports using Excel or Tableau.
  • DATA ANALYTICS SKILL BUILDERS are interactive exercises in CNOWv2 that introduce students to data analytics. Activities are tied to textbook topics and combine content and process. Students perform calculations in large data sets to solve accounting-related questions, using Excel functions like pivot tables to extract information and insights and answer targeted questions. Each activity also includes multiple-choice questions to assess students’ critical thinking skills related to the topic. Data Analytics Skill Builders are available as an algorithmic Excel Online problem within CNOWv2.

Features

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  • "ANALYSIS FOR DECISION MAKING" SECTIONS PUT PROCEDURES INTO CONTEXT. Each chapter ends with a section that uses actual situations to emphasize how real businesses today use accounting information to make decisions or evaluate the health of the company. Students see how chapter content works within extended business settings such as franchising and sustainability activities. Related Analysis for Decision Making assignments allow students to improve analytical skills using real-world company data.
  • PRESENTATION STYLE APPEALS TO CONTEMPORARY LEARNERS. Built for today's students, this edition's approach highlights content in a way that reflects how today's students read and assimilate information. Concise paragraphs and bullets, step-by-step progression and meaningful illustrations engage students and ensure retention.
  • CNOWv2 CLOSES THE GAP BETWEEN HOMEWORK AND EXAM PERFORMANCE. A helpful multi-panel view enables students to see all elements of a problem on one screen, making it easier to navigate the problem and understand the accounting system. Adaptive feedback responds to students' unique answers and alerts them to the type of error they have made. In addition, the Blank Sheet of Paper Experience provides a less leading response system for journal entries and financial statements that discourages over-reliance on the system.
  • ACCOUNTING EQUATION IMPACT TOOL AIDS STUDENT COMPREHENSION. To demonstrate the importance of the transaction on business, each journal entry includes the net effect of the transaction on the accounting equation. This link between the journal entry and the accounting equation is also emphasized in the accompanying CNOWv2. As students enter transactions into the journal, the impact on the accounting equation automatically populates to emphasize the connection between transactions and their influence on the accounting equation.
  • "SHOW ME HOW" ONLINE VIDEOS CLARIFY PROCESSES. Hundreds of "Show Me How" problem demonstration videos provide step-by-step models of similar problems. Identified by an icon in the text margins, "Show Me How" videos correspond to specific assignments in CNOWv2 and offer ideal opportunities for self-study and review.
  • "CHECK UP CORNER" OFFERS ADDITIONAL VISUAL EXPLANATIONS. To aid learning and encourage problem solving, "Check Up Corner" features provides an illustrated overview with call-out explanations for key topics or more challenging concepts. The call-outs further detail the steps in developing the solution. This feature helps students improve problem-solving skills with a hands-on, effective tool for reviewing and reinforcing what they have read.
  • ACCOUNTING CYCLE COVERAGE PROVIDES UNMATCHED FOUNDATION FOR LATER SUCCESS. The accounting cycle is presented in a simple-to-complex format over four chapters, using one company example throughout (NetSolutions) and illustrating two months of transactions (November and December). The authors repeat and reinforce the accounting cycle with a capstone illustration (Kelly Consulting) of the accounting cycle for one period. A Comprehensive Problem further reinforces the accounting cycle with transactions for Kelly Consulting for the next period (May).
  • SIMPLE-TO-COMPLEX PEDAGOGY ENSURES STUDENT COMPREHENSION. These experienced authors combine their own knowledge and teaching experience with input from leading accounting faculty to present a proven simple-to-complex pedagogy that facilitates student learning as they progress through the text.

Table of Contents

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1. Introduction to Accounting and Business.
2. Analyzing Transactions.
3. The Adjusting Process.
4. Completing the Accounting Cycle.
Appendix 1: End-of-Period Spreadsheet.
Appendix 2: Statement of Cash Flows for NetSolutions.
5. Accounting for Merchandising Businesses.
Appendix 1: Sales Discounts.
Appendix 2: The Periodic Inventory System.
6. Inventories.
Appendix: Estimating Inventory Cost.
7. Internal Control and Cash.
8. Receivables.
9. Long-term Operating Assets.
Appendix: Exchanging Similar Fixed Assets.
10. Liabilities: Current, Notes, and Contingencies.
11. Liabilities: Bonds Payable.
Appendix 1: Present Value Concepts for Pricing Bonds.
Appendix 2: Effective Interest Rate Method of Amortization.
12. Corporations: Organization, Stock Transactions, and Dividends.
13. Statement of Cash Flows.
Appendix 1: Spreadsheet (Worksheet) for Statement of Cash Flows—The Indirect Method.
Appendix 2: Preparing the Statement of Cash Flows—The Direct Method.
14. Financial Statement Analysis.
Appendix: Spreadsheet for Statement of Cash Flows: Indirect Method.
Appendix A: Present Value Tables.
Appendix B: Selected Topics.
Topic 1: Investments.
Topic 2: Reporting Unusual Items and Comprehensive Income.
Topic 3: Foreign Currency Transactions.
Topic 4: Corporate Taxes.
Appendix C: Nike Inc., Form 10-K for the Fiscal Year Ended May 31, 2023 Selected Excerpts.
Glossary.
Index.
Online Appendices.
Appendix O-1: Reversing Journal Entries.
Appendix O-2: Special Journals and Subsidiary Ledgers.
Appendix O-3: Revenue Recognition.
Appendix O-4: International Accounting Standards.

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CNOWv2 Options

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CengageNOWv2 combines the way students use textbooks and online resources to learn, study and complete homework, allowing them to achieve ultimate success in this course in a digital world.

This Cengage solution can be seamlessly integrated into most Learning Management Systems (Blackboard, Brightspace by D2L, Canvas, Moodle, and more) but does require a different ISBN for access codes. Please work with your Cengage Learning Consultant to ensure the proper course set up and ordering information. For additional information, please visit the LMS Integration site.

Standalone Digital Access — Ultimate Value

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  • ISBN-10: 0357929640
  • ISBN-13: 9780357929643
  • RETAIL $99.95
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Textbook Only Options

Traditional eBook and Print Options

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  • ISBN-10: 035792973X
  • ISBN-13: 9780357929735
  • RETAIL $74.95

  • ISBN-10: 0357929624
  • ISBN-13: 9780357929629
  • RETAIL $181.95
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Supplements

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Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

FOR STUDENTS

CNOWv2 for Warren/Jones/Tayler’s Corporate Financial Accounting, 1 term Instant Access

ISBN: 9780357929643
With its engaging learning and assessment tools, CNOWv2 closes the gap between the classroom and the real-world. For instructors, CNOWv2 provides control and customization with the opportunity to tailor the learning experience to improve outcomes.