Thelatest, most relevant content helps students see the connection betweenaccounting concepts and real businesses Data and research, including any years and numbers as they relate to real companies (such as Kohl’s and Target), ensures students have relevant examples to help them engage with the course. Discussions of important concepts and calculations help students to better understand the material. They include: Chapter 1 “Accounting and the Business Environment” discusses accountants’ need for technology skills and knowledge. It also clarifies the discussion on equity to help students better understand the changes in equity based on customer feedback. Chapter 2 “Recording Business Transactions” covers data analytics and the chart of accounts. Chapter 5 “Merchandising Operations” clarifies discussion of how a periodic inventory system records estimated sales returns. The order of purchase and sales sections has also been realigned to better explain how a company records these transactions. Chapter 6 “Merchandise Inventory” includes added explanation for how to calculate inventory cost flow for FIFO, LIFO, and weighted average under the perpetual method. Chapter 11 “Current Liabilities and Payroll” contains updated payroll tax information for 2019. Employability coverage throughout the text discusses additional designations accounting majors can earn, including Certified Global Management Accountant (CGMA) and Certified Financial Planner (CFP), and highlights the importance of these credentials in today’s job market. Student-centricfeatures help facilitate learning Data Analytics in Accounting features highlight real companies that are now using data analytics to track inventory, monitor cash flow, forecast sales, and maximize profits. Also discussed are advances in technology, including robotic process automation and artificial intelligence, and how they relate to the work management accountants perform. Key Terms focus on the concepts central to students’ learning, including Lean Management System, Relevant and Irrelevant Revenue, and more. Opportunitiesfor practice help students strengthen their critical-thinking and analysisskills Check Your Understanding boxes let students gauge their comprehension of the material and have been updated to include new accounts introduced under the Revenue Recognition Standard. Tying It All Together boxes tie together key concepts from the chapter using the company highlighted in the chapter opener. Updates to the 7th edition include Chipotle (and the unauthorized malware activity that occurred in April 2017) (chapter 7) and Amazon (chapter 8). End-of-chapter problems and exercises help students build skills to analyze and interpret information and apply reasoning and logic to new or unfamiliar ideas and situations. Updates include: a list of accounts based on customer feedback, and an exercise that specifically incorporates critical-thinking skills (chapter 2). a calculation of interest expense (chapter 3). options for professors who do not want to cover Sales Returns and Allowances (i.e., Estimated Returns Inventory and Refunds Payable) (chapter 5). an exercise for additional practice on journal entries for the allowance method (chapter 8). Reachevery student with MyLab Data Analytics Projects offer students hands-on practice in mining, analyzing, and reporting on data. Each project contains a list of requirements, a dataset from a real company, a tutorial video, and instructions for using software such as Excel, Power BI, or Tableau. Using these tools, students learn how to extract and examine key information about a company related to its products, operations, and consumer buying habits. With this experience and knowledge, students are able to make smarter business decisions and are better prepared for the workforce. Check out the preface for a complete list of features and what'snew in this edition.