Accounting Principles, 12th Edition

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    Accounting Principles, 12th Edition

    By Jerry J. Weygandt, Paul D. Kimmel, and Donald E. Kieso

    Accounting Principles, 12th Edition is a best-selling program ideal for a two-semester Principles of Accounting sequence where students spend the majority of the time learning financial accounting concepts and are then introduced to the basic concepts of managerial accounting at the end of the sequence. With Accounting Principles, students learn the accounting cycle from a sole proprietor perspective.

    WileyPLUS for Accounting Principles includes ORION Adaptive Practice that helps students build their proficiency on topics and use their study time most effectively. Weygandt’s WileyPLUS Course Update provides a brand new problem design to facilitate student learning and more mobile -friendly interactive tutorials and provides instructors with more algorithmic WileyPLUS questions, new assignable questions in the alternate inventory chapters, and pre-made assignments.

    Available Digital Formats

    Instructors

    Featured Content

    What's Inside

    A fresh, new design simplifies and enhances the learning experience.

    New problem material design for all assessment and practice questions plus the improved navigation provide students with a clean, blank-sheet-of-paper interface and a more streamlined real-world experience.

    Algorithmic Test Bank gives instructors increased flexibility and security.

    New algorithmic, multiple-choice Test Bank questions in WileyPLUS allow instructors to assign questions where the values and company names change and to provide an additional layer of security and academic integrity to their assessment.

    Walkthrough Videos help students solve problems similar to those found in the text.

    All new updated Solution Walkthrough Videos, narrated by author Paul Kimmel, are now available for frequently assigned problems, multi-part end-of-chapter questions, and multi-learning objective problems. In this sample video, Paul Kimmel begins to walk through the accounting cycle, which he breaks down into clear, bite-size pieces. The full accounting cycle video and more are available in WileyPLUS.

    FEATURES INCLUDE

    • Real-World Financial Business Videos: Provide students with real-world context for the material they are learning
    • Solution Feedback and Test Bank in WileyPLUS: Gives students narrative feedback at the end-of-chapter on questions they have answered incorrectly
    • Quick Start Assignments: Help instructors assign tests more easily

    About the Authors

    weygandt

    JERRY J. WEYGANDT

    Jerry J. Weygandt, PhD, CPA, is Arthur Andersen Alumni Emeritus Professor of Accounting at the University of Wisconsin-Madison. He holds a PhD in accounting from the University of Illinois. Articles by Professor Weygandt have appeared in the Accounting Review, Journal of Accounting Research, Accounting Horizons, Journal of Accountancy, and other academic and professional journals. These articles have examined such financial reporting issues as accounting for price-level adjustments, pensions, convertible securities, stock option contracts, and interim reports. Professor Weygandt is author of other accounting and financial reporting books and is a member of the American Accounting Association, the American Institute of Certified Public Accountants, and the Wisconsin Society of Certified Public Accountants. He has served on numerous committees of the American Accounting Association and as a member of the editorial board of the Accounting Review; he also has served as President and Secretary-Treasurer of the American Accounting Association. In addition, he has been actively involved with the American Institute of Certified Public Accountants and has been a member of the Accounting Standards Executive Committee (AcSEC). He has served on the FASB task force that examined the reporting issues related to accounting for income taxes and served as a trustee of the Financial Accounting Foundation. Professor Weygandt has received the Chancellor’s Award for Excellence in Teaching and the Beta Gamma Sigma Dean’s Teaching Award. He is the recipient of the Wisconsin Institute of CPA’s Outstanding Educator’s Award and the Lifetime Achievement Award. In 2001, he received the American Accounting Association’s Outstanding Educator Award.

    kimmel

    PAUL D. KIMMEL

    Paul D. Kimmel, PhD, CPA, received his bachelor’s degree from the University of Minnesota and his doctorate in accounting from the University of Wisconsin. He is an Associate Professor at the University of Wisconsin-Milwaukee and has public accounting experience with Deloitte & Touche (Minneapolis). He was the recipient of the UWM School of Business Advisory Council Teaching Award, the Reggie Taite Excellence in Teaching Award, and a three-time winner of the Outstanding Teaching Assistant Award at the University of Wisconsin. He is also a recipient of the Elijah Watts Sells Award for Honorary Distinction for his results on the CPA exam. He is a member of the American Accounting Association and the Institute of Management Accountants and has published articles in Accounting Review, Accounting Horizons, Advances in Management Accounting, Managerial Finance, Issues in Accounting Education, Journal of Accounting Education, as well as other journals. His research interests include accounting for financial instruments and innovation in accounting education. He has published papers and given numerous talks on incorporating critical thinking into accounting education and helped prepare a catalog of critical thinking resources for the Federated Schools of Accountancy.

    kieso

    DONALD E. KIESO

    Donald E. Kieso, PhD, CPA, received his bachelor’s degree from Aurora University and his doctorate in accounting from the University of Illinois. He has served as chairman of the Department of Accountancy and is currently the KPMG Emeritus Professor of Accountancy at Northern Illinois University. He has public accounting experience with Price Waterhouse & Co. (San Francisco and Chicago) and Arthur Andersen & Co. (Chicago) and research experience with the Research Division of the American Institute of Certified Public Accountants (New York). He has done post doctorate work as a Visiting Scholar at the University of California at Berkeley and is a recipient of NIU’s Teaching Excellence Award and four Golden Apple Teaching Awards. Professor Kieso is the author of other accounting and business books and is a member of the American Accounting Association, the American Institute of Certified Public Accountants, and the Illinois CPA Society. He has served as a member of the Board of Directors of the Illinois CPA Society, the AACSB’s Accounting Accreditation Committees, the State of Illinois Comptroller’s Commission, and he has served as Secretary-Treasurer of the Federation of Schools of Accountancy and as Secretary-Treasurer of the American Accounting Association. Professor Kieso is currently serving on the Board of Trustees and Executive Committee of Aurora University, as a member of the Board of Directors of Kishwaukee Community Hospital, and as Treasurer and Director of Valley West Community Hospital. From 1989 to 1993, he served as a charter member of the national Accounting Education Change Commission. He is the recipient of the Outstanding Accounting Educator Award from the Illinois CPA Society, the FSA’s Joseph A. Silvoso Award of Merit, the NIU Foundation’s Humanitarian Award for Service to Higher Education, a Distinguished Service Award from the Illinois CPA Society, and in 2003, an honorary doctorate from Aurora University.

    Table of Contents

    Chapter 1: Accounting in Action
    Chapter 2: The Recording Process
    Chapter 3: Adjusting the Accounts
    Chapter 4: Completing the Accounting Cycle
    Chapter 5: Accounting for Merchandising Operations – Periodic (Perpetual Appendix)
    Chapter 6: Inventories – Periodic (Perpetual Appendix)
    WileyPLUS Chapter 6A: Inventories – Perpetual (Periodic Appendix)
    Chapter 7: Accounting Information Systems
    Chapter 8: Fraud, Internal Control, and Cash
    Chapter 9: Accounting for Receivables
    Chapter 10: Plant Assets, Natural Resources, and Intangible Assets
    Chapter 11: Current Liabilities and Payroll Accounting
    Chapter 12: Accounting for Partnerships
    Chapter 13: Corporations: Organization and Capital Stock Transactions
    Chapter 14: Corporations: Dividends, Retained Earnings, and Income Reporting
    Chapter 15: Long-Term Liabilities
    Chapter 16: Investments
    Chapter 17: Statement of Cash Flows
    Chapter 18: Financial Statement Analysis
    Chapter 19: Managerial Accounting
    Chapter 20: Job Order Costing
    Chapter 21: Process Costing
    Chapter 22: Cost-Volume-Profit
    Chapter 23: Budgetary Planning
    Chapter 24: Budgetary Control and Responsibility Accounting
    Chapter 25: Standard Costs and Balanced Scorecard
    Chapter 26: Incremental Analysis and Capital Budgeting

    Appendices A-F: Apple, Pepsi, Coca-Cola, Amazon.com, Wal-Mart, Louis Vuitton financial statements
    Appendix G: Time Value of Money
    Appendix H: Standards of Ethical Conduct for Managerial Accountants

    Resources

    INSTRUCTOR RESOURCES

    • Accounting Weekly Updates (wileyaccountingupdates.com): Instructors receive weekly news relevant to their Accounting WileyPLUS course.
    • Managerial Accounting Video Series (wiley.com//college/managerialvideos): Through the examples of real-world, cutting-edge companies, these videos engage students with a dynamic overview of managerial accounting topics.
    • PowerPoint Presentations: The PowerPoint presentations contain a combination of key concepts and problems from the textbook.
    • Instructor’s Manual: Lecture outlines and chapter reviews are included in each chapter.
    • Key Figures Checklist: Students can use these checklists to confirm they are on the right track when working longer problems.
    • Solutions Manual: Solutions to all exercises and problems in the text as well as suggested answers to the cases are provided.
    • Diploma Computerized Test Bank: Assessment questions in the Test Bank allow instructors to tailor examinations according to multiple learning outcomes.
    • Respondus Computerized Test Bank: Respondus is a powerful tool for creating and managing exams that can be printed to paper or published directly to Blackboard, ANGEL, Brightspace by D2L, Pearson eCollege, Canvas, Moodle, and other learning systems. Exams can be created offline using a familiar Windows environment or moved from one LMS to another. Whether you are a veteran of online testing or relatively new to it, Respondus will save you hours on each project.
    • Test Bank: The Test Bank is available in a printable, editable format and provides assessment questions that allow instructors to tailor examinations according to multiple learning outcomes.

    STUDENT RESOURCES

    • Solution Walkthrough Videos
    • Excel Templates
    • Applied Skills Videos
    • Interactive Tutorials
    • Additional Practice Problems
    • PowerPoint Slides
    • WileyPLUS with ORION

    A fresh, new design simplifies and enhances the learning experience.

    New problem material design for all assessment and practice questions plus the improved navigation provide students with a clean, blank-sheet-of-paper interface and a more streamlined real-world experience.

    Algorithmic Test Bank gives instructors increased flexibility and security.

    New algorithmic, multiple-choice Test Bank questions in WileyPLUS allow instructors to assign questions where the values and company names change and to provide an additional layer of security and academic integrity to their assessment.

    Walkthrough Videos help students solve problems similar to those found in the text.

    All new updated Solution Walkthrough Videos, narrated by author Paul Kimmel, are now available for frequently assigned problems, multi-part end-of-chapter questions, and multi-learning objective problems. In this sample video, Paul Kimmel begins to walk through the accounting cycle, which he breaks down into clear, bite-size pieces. The full accounting cycle video and more are available in WileyPLUS.

    FEATURES INCLUDE

    • Real-World Financial Business Videos: Provide students with real-world context for the material they are learning
    • Solution Feedback and Test Bank in WileyPLUS: Gives students narrative feedback at the end of each chapter on questions they have answered incorrectly
    • Quick Start Assignments: Help instructors assign tests more easily
    weygandt

    Jerry J. Weygandt, PhD, CPA, is Arthur Andersen Alumni Emeritus Professor of Accounting at the University of Wisconsin-Madison. He holds a PhD in accounting from the University of Illinois. Articles by Professor Weygandt have appeared in the Accounting Review, Journal of Accounting Research, Accounting Horizons, Journal of Accountancy, and other academic and professional journals. These articles have examined such financial reporting issues as accounting for price-level adjustments, pensions, convertible securities, stock option contracts, and interim reports. Professor Weygandt is author of other accounting and financial reporting books and is a member of the American Accounting Association, the American Institute of Certified Public Accountants, and the Wisconsin Society of Certified Public Accountants. He has served on numerous committees of the American Accounting Association and as a member of the editorial board of the Accounting Review; he also has served as President and Secretary-Treasurer of the American Accounting Association. In addition, he has been actively involved with the American Institute of Certified Public Accountants and has been a member of the Accounting Standards Executive Committee (AcSEC). He has served on the FASB task force that examined the reporting issues related to accounting for income taxes and served as a trustee of the Financial Accounting Foundation. Professor Weygandt has received the Chancellor’s Award for Excellence in Teaching and the Beta Gamma Sigma Dean’s Teaching Award. He is the recipient of the Wisconsin Institute of CPA’s Outstanding Educator’s Award and the Lifetime Achievement Award. In 2001, he received the American Accounting Association’s Outstanding Educator Award.

    kimmel

    Paul D. Kimmel, PhD, CPA, received his bachelor’s degree from the University of Minnesota and his doctorate in accounting from the University of Wisconsin. He is an Associate Professor at the University of Wisconsin-Milwaukee and has public accounting experience with Deloitte & Touche (Minneapolis). He was the recipient of the UWM School of Business Advisory Council Teaching Award, the Reggie Taite Excellence in Teaching Award, and a three-time winner of the Outstanding Teaching Assistant Award at the University of Wisconsin. He is also a recipient of the Elijah Watts Sells Award for Honorary Distinction for his results on the CPA exam. He is a member of the American Accounting Association and the Institute of Management Accountants and has published articles in Accounting Review, Accounting Horizons, Advances in Management Accounting, Managerial Finance, Issues in Accounting Education, Journal of Accounting Education, as well as other journals. His research interests include accounting for financial instruments and innovation in accounting education. He has published papers and given numerous talks on incorporating critical thinking into accounting education and helped prepare a catalog of critical thinking resources for the Federated Schools of Accountancy.

    kieso

    Donald E. Kieso, PhD, CPA, received his bachelor’s degree from Aurora University and his doctorate in accounting from the University of Illinois. He has served as chairman of the Department of Accountancy and is currently the KPMG Emeritus Professor of Accountancy at Northern Illinois University. He has public accounting experience with Price Waterhouse & Co. (San Francisco and Chicago) and Arthur Andersen & Co. (Chicago) and research experience with the Research Division of the American Institute of Certified Public Accountants (New York). He has done post doctorate work as a Visiting Scholar at the University of California at Berkeley and is a recipient of NIU’s Teaching Excellence Award and four Golden Apple Teaching Awards. Professor Kieso is the author of other accounting and business books and is a member of the American Accounting Association, the American Institute of Certified Public Accountants, and the Illinois CPA Society. He has served as a member of the Board of Directors of the Illinois CPA Society, the AACSB’s Accounting Accreditation Committees, the State of Illinois Comptroller’s Commission, and he has served as Secretary-Treasurer of the Federation of Schools of Accountancy and as Secretary-Treasurer of the American Accounting Association. Professor Kieso is currently serving on the Board of Trustees and Executive Committee of Aurora University, as a member of the Board of Directors of Kishwaukee Community Hospital, and as Treasurer and Director of Valley West Community Hospital. From 1989 to 1993, he served as a charter member of the national Accounting Education Change Commission. He is the recipient of the Outstanding Accounting Educator Award from the Illinois CPA Society, the FSA’s Joseph A. Silvoso Award of Merit, the NIU Foundation’s Humanitarian Award for Service to Higher Education, a Distinguished Service Award from the Illinois CPA Society, and in 2003, an honorary doctorate from Aurora University.

    Chapter 1: Accounting in Action
    Chapter 2: The Recording Process
    Chapter 3: Adjusting the Accounts
    Chapter 4: Completing the Accounting Cycle
    Chapter 5: Accounting for Merchandising Operations – Periodic (Perpetual Appendix)
    Chapter 6: Inventories – Periodic (Perpetual Appendix)
    WileyPLUS Chapter 6A: Inventories – Perpetual (Periodic Appendix)
    Chapter 7: Accounting Information Systems
    Chapter 8: Fraud, Internal Control, and Cash
    Chapter 9: Accounting for Receivables
    Chapter 10: Plant Assets, Natural Resources, and Intangible Assets
    Chapter 11: Current Liabilities and Payroll Accounting
    Chapter 12: Accounting for Partnerships
    Chapter 13: Corporations: Organization and Capital Stock Transactions
    Chapter 14: Corporations: Dividends, Retained Earnings, and Income Reporting
    Chapter 15: Long-Term Liabilities
    Chapter 16: Investments
    Chapter 17: Statement of Cash Flows
    Chapter 18: Financial Statement Analysis
    Chapter 19: Managerial Accounting
    Chapter 20: Job Order Costing
    Chapter 21: Process Costing
    Chapter 22: Cost-Volume-Profit
    Chapter 23: Budgetary Planning
    Chapter 24: Budgetary Control and Responsibility Accounting
    Chapter 25: Standard Costs and Balanced Scorecard
    Chapter 26: Incremental Analysis and Capital Budgeting

    Appendices A-F: Apple, Pepsi, Coca-Cola, Amazon.com, Wal-Mart, Louis Vuitton financial statements
    Appendix G: Time Value of Money
    Appendix H: Standards of Ethical Conduct for Managerial Accountants

    INSTRUCTOR RESOURCES

    • Accounting Weekly Updates (wileyaccountingupdates.com): Instructors receive weekly news relevant to their Accounting WileyPLUS course.
    • Managerial Accounting Video Series (wiley.com//college/managerialvideos): Through the examples of real-world, cutting-edge companies, these videos engage students with a dynamic overview of managerial accounting topics.
    • PowerPoint Presentations: The PowerPoint presentations contain a combination of key concepts and problems from the textbook.
    • Instructor’s Manual: Lecture outlines and chapter reviews are included in each chapter.
    • Key Figures Checklist: Students can use these checklists to confirm they are on the right track when working longer problems.
    • Solutions Manual: Solutions to all exercises and problems in the text as well as suggested answers to the cases are provided.
    • Diploma Computerized Test Bank: Assessment questions in the Test Bank allow instructors to tailor examinations according to multiple learning outcomes.
    • Respondus Computerized Test Bank: Respondus is a powerful tool for creating and managing exams that can be printed to paper or published directly to Blackboard, ANGEL, Brightspace by D2L, Pearson eCollege, Canvas, Moodle, and other learning systems. Exams can be created offline using a familiar Windows environment or moved from one LMS to another. Whether you are a veteran of online testing or relatively new to it, Respondus will save you hours on each project.
    • Test Bank: The Test Bank is available in a printable, editable format and provides assessment questions that allow instructors to tailor examinations according to multiple learning outcomes.

    STUDENT RESOURCES

    • Solution Walkthrough Videos
    • Excel Templates
    • Applied Skills Videos
    • Interactive Tutorials
    • Additional Practice Problems
    • PowerPoint Slides
    • WileyPLUS with ORION

    Paul Kimmel on WileyPLUS with ORION

    Watch this quick video to see how Paul Kimmel successfully integrates WileyPLUS with ORION in the course he teaches. For a full sample syllabus, please contact us.