Solution Manual for Fundamental Accounting Principles, Volume 1 & 2, 18th Edition

By Kermit D. Larson © 2025

Product Overview

The Solution Manual for Fundamental Accounting Principles, Volume 1 & 2, 18th Edition by Kermit D. Larson is a practical and detailed guide designed to support students and instructors in mastering accounting principles. Covering both volumes, this solution manual simplifies complex topics using a structured and accessible approach.

Each chapter opens with a real-world vignette featuring entrepreneurial scenarios, bridging theory with practical application. These insights foster critical thinking and real-business context awareness. A broad range of exercises allows for flexible teaching and multi-level student assessment.

Integrated with McGraw Hill’s Connect platform, the solution manual provides digital tools that enhance learning through adaptive technology, supporting both comprehension and course management.

Key Features of the 18th Edition

1. Clear and Practical Learning

This edition emphasizes a direct and easy-to-follow presentation, helping students engage with fundamental accounting principles effectively. Concepts are presented step-by-step for ease of understanding.

2. Business-Relevant Examples

Entrepreneurial vignettes included at the beginning of each chapter illustrate how accounting principles apply in real-world business scenarios, adding meaning and context to each lesson.

3. Integrated Digital Support with Connect

Utilizing McGraw Hill’s Connect system, this solution manual includes:

• Adaptive learning tools that tailor content to student progress

• Interactive assignments for hands-on practice

• Instructor resources for monitoring performance and managing coursework

4. Extensive Topic Coverage

Covering foundational topics through to corporate reporting, this manual spans both volumes and ensures a comprehensive understanding of accounting principles in academic and professional contexts.

Volume 1 – Chapter Summary

• Preface – Introduces the structure and learning goals

• Chapter 1: Accounting in Business

• Chapter 2: Analyzing and Recording Transactions

• Chapter 3: Adjusting Accounts for Financial Statements

• Chapter 4: Completing the Accounting Cycle

• Chapter 5: Accounting for Merchandising Activities

• Chapter 6: Inventory Costing and Valuation

• Chapter 7: Internal Control and Cash

• Chapter 8: Receivables

• Chapter 9: Property, Plant, and Equipment & Intangibles

• Appendices: Payroll Liabilities, Accounting Information Systems, Financial Statement Info, Chart of Accounts

Volume 2 – Chapter Summary

• Chapter 9 (continued): Depreciation, Amortization, and Impairment

• Chapter 10: Current Liabilities

• Chapter 11: Partnerships

• Chapter 12: Corporations – Structure and Operations

• Chapter 13: Corporate Reporting – EPS & Retained Earnings

• Chapter 14: Bonds and Long-Term Notes Payable

• Chapter 15: Debt and Share Investments

• Chapter 16: Reporting & Analyzing Cash Flows

• Chapter 18: Financial Statement Analysis

• Appendices: Payroll Liabilities, Financial Statement Info, Chart of Accounts

Why Choose This Solution Manual?

This solution manual for Fundamental Accounting Principles Volumes 1 & 2 delivers more than just answers—it builds a foundational understanding of accounting principles using real-world scenarios and adaptive learning. Whether you’re a student mastering concepts or an instructor planning effective lessons, this resource provides everything you need to succeed.

For access to additional test banks and manual solutions, [click here].