Financial Accounting, 10th Edition

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    Financial Accounting, 10th Edition

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

    Helping students succeed in their introductory accounting courses for over two decades, the Tenth Edition of Financial Accounting continues to present a clear and comprehensive introduction to financial accounting and has been thoroughly updated with extensive digital resources to further improve student outcomes.

    WileyPLUS for Financial Accounting includes ORION Adaptive Practice that helps students build their proficiency on topics and use their study time most effectively.

    Available Digital Formats

    Instructors

    Featured Content

    What's Inside

    Students experience real-world problem solving.

    A new problem material design for all assessment and practice questions gives students a clean, blank sheet of paper interface. Improved navigation and a more modern design provide students with a simple and more real-world experience.

    principles-of-internal-control

    Students have immediate access to mobile-friendly tutorial help.

    The new design of the Interactive Tutorials gives students the benefit of engaging in an enhanced, mobile-friendly learning experience.

    Videos reinforce concepts and help sharpen problem-solving skills.

    Solution Walkthrough Videos are available as question assistance and help students learn problem-solving techniques. These solution videos are based on exercises and problems that are similar to related homework problems.

    FEATURES INCLUDE

    • Real-world financial statements: Financial Reporting Problems and Comparative Analysis Problems that are based on financial statements for Apple, PepsiCo, Coca-Cola, Amazon.com, and Wal-Mart
    • Review and Practice Section: Includes a review of learning objectives and glossary terms, multiple-choice practices questions, exercises, and problems with detailed solutions
    • Redesigned Infographics: Help students visually understand concepts while increasing appeal and engagement
    • NEW Practice Made Simple: Algorithmic brief exercises, Do Its, exercises, and problems available outside of instructor assignments that provide opportunities for no-stakes practice and show answers and solutions as students check their work
    • Organized Learning: Help students find relevant videos, reading content, and resourced-based associated learning objectives so that they can make the best use of time outside of class

    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
    Chapter 6: Inventories
    Chapter 7: Fraud, Internal Control, and Cash
    Chapter 8: Accounting for Receivables
    Chapter 9: Plant Assets, Natural Resources, and Intangible Assets
    Chapter 10: Liabilities
    Chapter 11: Corporations: Organizations, Stock Transactions, and Stockholder’s Equity
    Chapter 12: Statement of Cash Flows
    Chapter 13: Financial Analysis: The Big Picture

    Appendix A: Specimen Financial Statements: Apple Inc.
    Appendix B: Specimen Financial Statements: PepsiCo, Inc.
    Appendix C: Specimen Financial Statements: The Coca-Cola Company
    Appendix D: Specimen Financial Statements: Amazon.com, Inc.
    Appendix E: Specimen Financial Statements: Wal-Mart Stores, Inc.
    Appendix F: Specimen Financial Statements: Louis Vuitton
    Appendix G: Time Value of Money
    Appendix H: Reporting and Analyzing Investments
    Appendix I: Payroll Accounting*
    Appendix J: Subsidiary Ledgers and Special Journals*
    Appendix K: Other Significant Liabilities*

    *available in WileyPLUS

    Resources

    INSTRUCTOR RESOURCES

    • Solutions Manual: Contains detailed solutions to all questions, brief exercises, exercises, and problems in the textbook as well as suggested answers to the questions and cases.
    • Other Solutions: Solutions to Exercises Set B and Problems Set C, Solutions to Continuing Cookie Chronicle, Solutions to Challenge Exercises, and Excel Template Solutions are provided.
    • PowerPoint Presentations: The new PowerPoint presentations contain a combination of key concepts, images, and problems from the textbook.
    • Instructor’s Manual: Lecture outlines with teaching tips, chapter reviews, illustrations, and review quizzes are included in each chapter. The Instructor’s Manual also includes Key Figures Checklist, Sample Syllabus, and End-of-Chapter Correlation Chart
    • Diploma Computerized Test Bank: Assessment questions allow instructors to tailor examinations according to multiple learning outcomes.
    • Test Bank: Available in a printable, editable format, the test bank provides assessment questions that allow instructors to tailor examinations according to multiple learning outcomes.
    • Textbook Appendices

    STUDENT RESOURCES

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

    Students experience real-world problem solving.

    A new problem material design for all assessment and practice questions gives students a clean, blank sheet of paper interface. Improved navigation and a more modern design provide students with a simple and more real-world experience.

    principles-of-internal-control

    Students have immediate access to mobile-friendly tutorial help.

    The new design of the Interactive Tutorials gives students the benefit of engaging in an enhanced, mobile-friendly learning experience.

    Videos reinforce concepts and help sharpen problem-solving skills.

    Solution Walkthrough Videos are available as question assistance and help students learn problem-solving techniques. These solution videos are based on exercises and problems that are similar to related homework problems.

    FEATURES INCLUDE

    • Real-world financial statements: Financial Reporting Problems and Comparative Analysis Problems that are based on financial statements for Apple, PepsiCo, Coca-Cola, Amazon.com, and Wal-Mart
    • Review and Practice Section: Includes a review of learning objectives and glossary terms, multiple-choice practices questions, exercises, and problems with detailed solutions
    • Redesigned Infographics: Help students visually understand concepts while increasing appeal and engagement
    • NEW Practice Made Simple: Algorithmic brief exercises, Do Its, exercises, and problems available outside of instructor assignments that provide opportunities for no-stakes practice and show answers and solutions as students check their work
    • Organized Learning: Help students find relevant videos, reading content, and resourced-based associated learning objectives so that they can make the best use of time outside of class
    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.

    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
    Chapter 6: Inventories
    Chapter 7: Fraud, Internal Control, and Cash
    Chapter 8: Accounting for Receivables
    Chapter 9: Plant Assets, Natural Resources, and Intangible Assets
    Chapter 10: Liabilities
    Chapter 11: Corporations: Organizations, Stock Transactions, and Stockholder’s Equity
    Chapter 12: Statement of Cash Flows
    Chapter 13: Financial Analysis: The Big Picture

    Appendix A: Specimen Financial Statements: Apple Inc.
    Appendix B: Specimen Financial Statements: PepsiCo, Inc.
    Appendix C: Specimen Financial Statements: The Coca-Cola Company
    Appendix D: Specimen Financial Statements: Amazon.com, Inc.
    Appendix E: Specimen Financial Statements: Wal-Mart Stores, Inc.
    Appendix F: Specimen Financial Statements: Louis Vuitton
    Appendix G: Time Value of Money
    Appendix H: Reporting and Analyzing Investments
    Appendix I: Payroll Accounting*
    Appendix J: Subsidiary Ledgers and Special Journals*
    Appendix K: Other Significant Liabilities*

    *available in WileyPLUS

    INSTRUCTOR RESOURCES

    • Solutions Manual: This contains detailed solutions to all questions, brief exercises, exercises, and problems in the textbook as well as suggested answers to the questions and cases.
    • Other Solutions: Solutions to Exercises Set B and Problems Set C, Solutions to Continuing Cookie Chronicle, Solutions to Challenge Exercises, and Excel Template Solutions are provided.
    • PowerPoint Presentations: The new PowerPoint presentations contain a combination of key concepts, images, and problems from the textbook.
    • Instructor’s Manual: Lecture outlines with teaching tips, chapter reviews, illustrations, and review quizzes are included in each chapter. The Instructor’s Manual also includes Key Figures Checklist, Sample Syllabus, and End-of-Chapter Correlation Chart.
    • Diploma Computerized Test Bank: Assessment questions allow instructors to tailor examinations according to multiple learning outcomes.
    • Test Bank: Available in a printable, editable format, the test bank provides assessment questions that allow instructors to tailor examinations according to multiple learning outcomes.
    • Textbook Appendices

    STUDENT RESOURCES

    • Solution Walkthrough Videos
    • Excel Templates
    • Applied Skills Videos
    • Interactive Tutorials
    • Additional Practice Problems
    • A Running Case
    • 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.