Community College Series
Accounting Principles for Community College Students: Accounting Principles I & II
A two-semester sequence covering financial accounting in the first semester and managerial accounting in the second — designed to give both business majors and prospective accountants a deep conceptual foundation.
Course design
Built for conceptual understanding
This package pairs two complete texts into a full-year sequence. Accounting Principles I focuses on financial accounting and the major financial statements. Accounting Principles II builds on that foundation with a thorough treatment of managerial accounting, with particular emphasis on costing techniques.
Interactivity
Students are actively engaged through questions, tutorials, and exercises throughout virtually every stage of each chapter — not just passively reading or listening.
Redundancy
Each topic is revisited across the audio, reading comprehension quiz, exercises, lecture, and practice quiz — reinforcing understanding through structured repetition.
Proctored assessment
Modular tests draw from 300–400 question databases. Final exams are proctored and can cover the last four chapters or the full course.
Broad audience
Designed equally for the general business major who needs financial literacy and the prospective accounting major building toward advanced coursework.
Semester 1
Accounting Principles I — Financial Accounting
Gives the general business major as well as the prospective accounting major a conceptual understanding of the financial statements — the balance sheet, income statement, statement of retained earnings, and cash flow statement — with particular emphasis on the articulation between the balance sheet and income statement.
Chapters 1–6
1The nature of accounting
2The basic financial statements
3The accounting cycle
4Cash and internal control
5Accounts receivable and notes receivable
6Inventories
Chapters 7–12
7Fixed assets
8Current liabilities
9Bonds
9ATime value of money
10Corporations
11Cash flow analysis
11AColeman cash flow
12Analysis of financial statements
Semester 2
Accounting Principles II — Managerial Accounting
Gives the accounting student a thorough understanding of the principles of managerial accounting, particularly various costing techniques. Continues directly from Accounting Principles I in a structured two-semester sequence.
Chapters 1–6
1Introduction to managerial accounting
1AStandards of ethical conduct
1BLeast squares analysis
2Job order costing
3Process costing
4Cost-volume-profit
5Variable costing
6Budgeting
Chapters 7–11
7Standards and variances
8Activity based costing
9Short term decisions
10Performance measurement
11Capital budgeting
11AThe time value of money
Pedagogy
How students learn with Ivy Software
Each chapter follows the same six-step process, combining passive intake with active engagement at every stage. This structure applies identically to both Accounting Principles I and II.
01
Read or listen
Students read the chapter or listen to the author’s audio — one of only two passive moments in the entire experience.
02
Key concepts
Students review the distilled essence of each chapter before moving into active assessment.
03
Reading comprehension quiz
10–15 interactive questions with lengthy explanatory responses that reinforce the chapter’s key points.
04
Interactive exercises
Multiple exercises per chapter, often including tutorial screens that walk students through complex topics step by step.
05
Practice quiz
A second round of 10–15 interactive questions, further cementing comprehension before assessment.
06
Self-assessment & proctored exams
10-question self-assessment, then modular tests from a 300–400 question bank, and a proctored final exam.