What's New


New Textbook Editions



Principles of Accounting, 12e has published!

Needles/Powers/Crosson

  • NEW Three Section Approach A new Three Section Approach divides each chapter into three distinct sections: Concepts, Accounting Applications, and Business Applications. This approach modularizes the content in a logical way that mirrors how instructors teach the course.
  • NEW Overall Structure Based on extensive market feedback, the text was reorganized and the chapters were re-named to better align with the balance sheet presentation. Some of the most significant changes included the following:
    • Refocusing the accounting cycle chapters (e.g., moved coverage of things like the chart of accounts earlier) From the previous cash and receivables chapter (POA 11e Chapter 9), combined cash coverage with internal controls (POA 12e Chapter 8) and created a separate receivables chapter (POA 12e Chapter 9) Combined the contributed capital chapter (POA 11e Chapter 12) and the corporate income statement and statement of stockholders' equity chapters (POA 11e Chapter 14) into one chapter on accounting for corporations (POA 12e Chapter 13)
    • Streamlined and combined the introduction to managerial accounting chapter (POA 11e Chapter 18) and cost concepts and cost allocation chapters (POA 11e Chapter 19) into one more comprehensive chapter introducing managerial accounting (POA 12e Chapter 17)
    • Streamlined and combined the short-run decision analysis chapter (POA 11e Chapter 27) and the capital budgeting chapter (POA 11e Chapter 28) into a single chapter (POA 12e Chapter 25)
  • NEW Business Transaction Model Building off of work done in the previous edition of FA, a new business transaction model for all financial accounting chapters involving transactions has been added. This model visually guides students step-by-step through accounting for business transactions.
  • NEW Ratio Analysis Model Implementing reviewer comments, this edition improves upon the framework for teaching how to analyze company information and make informed decisions using ratio analysis developed for the previous edition of FA. This model simplifies ratio analysis by focusing on the elements of the financial statements that are needed to compute the ratio.
  • NEW TriLevel Problems Each chapter opens with a Business Insight that shows how a small company would use accounting information to make decisions. The Business Insight poses three questions each of which will be answered in one of the three sections of the chapter. At the end of each chapter, a NEW TriLevel Problem revisits the Business Insight company and answers the questions posed there to tie the three sections together. The TriLevel Problems replaces the previous Review Problem and received very positive feedback in the market.
  • Improved End-of-Chapter Assignments - All chapter assignment have been revised to link back to chapter content under the Three Section Approach.
  • Reduced Page Count Through a combination of streamlining efforts in the narrative of each chapter and a tightened design, we've reduced the overall page count of the book by nearly 100 pages.

Principles of Financial Accounting, 12e has also published!

Needles/Powers


Financial and Managerial Accounting, 10e has also published!

Needles/Powers/Crosson


Managerial Accounting, 10e has also published!

Crosson/Needles

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Recent and Forthcoming Publications and Working Papers


Refereed Publications

Needles, Jr., Belverd E., Marian Powers, Anton Shigaev, and Mark Frigo
"The Operating Performance of High Performance Companies During a Period of Financial Crisis: Risks and Opportunities," Global Studies Journal, Vol. V, No. 1., 2013.

Needles, Jr., Belverd E.
"Graeber Companies, Inc.: Examining Impairment of Equity-Owned Investments," Issues in Accounting Education, Vol. 27, No. 4., 2012.

Needles, Jr., Belverd E.
"Ethics in Accounting Education," Indian Accounting Review, Vol. 16, No. 2., December 2012.

Needles, Jr., Belverd E., Ahmet Turell, and Asli Turell
"Financial Characteristics of High-Performance Companies in Turkey: A Comparative Analysis of Stable Economy in The Financial Crisis Era," Journal of Accounting and Management Information Systems, Vol. 11, No. 1, pp. 426, 2012

Needles, Jr., Belverd E., Ahmet Turell, Evren Dilek Sengur, and Asli Turell
"Corporate Governance in Turkey: Issues and Practices of High-Performance Companies," Journal of Accounting and Management Information Systems. Vol. 11, No. 4, pp. 510-531, 2012


Monographs

Needles, Jr., Belverd E., and Marian Powers
International Financial Reporting Standards, 3nd ed., Southwestern/Cengage Publishing Co. (2012), 80 pp.


Textbooks

Needles, Jr., Belverd E., and Marian Powers
Financial Accounting, 11th ed., Cengage/Southwestern Publishing Co. (2012), 736 pp. + appendices. (Earlier editions received the award of the Text and Academic Authors Association as the best textbook published in business disciplines twice , 1995 and 1998)

Needles, Jr., Belverd E., Marian Powers, and Susan Crosson
Principles of Accounting, 12th ed., Cengage/Southwestern Publishing Co. (2014), 1,216 pp. + appendices (received the McGuffey Award for longevity from the Text and Academic Authors Association, 2008).

Needles, Jr., Belverd E., Marian Powers, and Susan Crosson
Financial and Managerial Accounting, 10th ed., Cengage/Southwestern Publishing Co. (2013), 1,392 pp. + appendices.

Susan Crosson and Needles, Jr., Belverd E.
Managerial Accounting, 10th ed., Cengage/Southwestern Publishing Co. (2014), 656 pp. + appendices).

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Upcoming Programs, Presentations, and Conferences


Belverd E. Needles, Jr.

"Global Accountancy Education Recognition (GAER) 2012," UNCTAD International Standards of Financial Reporting (ISAR) 30th Anniversary Session, Geneva, Switzerland, November 7, 2013 (with Gert Karreman)

"Global Accountancy Education Recognition (GAER) 2012," NASBA/AICPA International Qualifications Appraisal Board, Nashville, Tennessee, October 4, 2013 (with Gert Karreman)

"Teaching Ethics in First-Year Accounting: The Role of Judgment," Illinois Accounting Educators Association Conference, Naperville, Illinois, September 27, 2013.

"Operating Characteristics of High Performance companies: Strategic Direction for Management," 7th Conference on Performance Measurement and Management Control, Barcelona, Spain, September 19, 2013. (with Marian Powers and Mark Frigo)

"The FCPA In The Auditing Course" American Accounting Association Annual Meeting, Anaheim, California, August 7, 2013.

"Models of Accounting Education: A Global Assessment" American Accounting Association Annual Meeting, Anaheim, California, August 6, 2013.

"History of IAAER: Dedicated, Cooperative, and Global," American Accounting Association Annual Meeting, Anaheim, California, August 6, 2013.


Marian Powers

Academic Presentations

Evaluating the Statement of Cash Flows, Strategic Global Financial Analysis, DePaul University, December 10, 2013

Guest Lectures, Institut d'Administration des Entreprises, Bordeaux, France, March 24 -28, 2014.

Bringing Life to the Cash Cycle and The Statement of Cash Flows for Beginning Accounting Students, Florida Academic Accounting Education, October 4, 2013.

Concepts First: An Approach to Teaching Accounting, Florida Academic Accounting Education, October 4, 2013.

Operating Characteristics of High Performance Companies: Strategic Direction for Management, Seventh Performance Measurement Conference in Management Control, Barcelona, Spain, September 19, 2013.

Evaluating Nonprofit Financial Results, Kellogg Board Fellows Program, November 20, 2013.

Financial Reporting and Analysis, Institut d'Administration des Entreprises, Aix-en-Provence, France, December 4-6, 2013.

Open Enrollment Executive Education Courses

Nonprofit Finance, Weiboldt Hall, Kellogg School of Management, Northwestern University, Chicago campus, February 18-20, 2014.

Finance for Executives, Allen Center for Executive Education, Kellogg School of Management, Northwestern University, Evanston campus, May 4-9, 2014.

Executive Development Program, Allen Center for Executive Education, Kellogg School of Management, Northwestern University, June 15-July 3, 2014.

Custom Executive Programs

Chubb Insurance, Specialty School II, Warren New Jersey, February 27, 2014

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