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Financial Accounting, 9th Edition

Book Description

Student success is a team effort.

The Team for Success is focused on helping millennial students get the most out of their accounting courses in the digital age, and on helping instructors deliver the most effective courses whether face-to-face, hybrid, or online with model course plans designed for easy and effective implementation

More students get accounting when using Weygandt Financial Accounting with WileyPLUS, because of the unique Framework of Success created and refined by the authors based on years of teaching and course design experience. In WileyPLUS and in print, clear and relevant exposition, engaging visuals and videos, and effective end-of-chapter material work together to build students' confidence and mastery of accounting concepts and skills.

Financial Accounting with WileyPLUS by Weygandt, Kimmel, Kieso provides students with a clear and comprehensive introduction to financial accounting that begins with the building blocks of the accounting cycle.

WileyPLUS sold separately from text.

Table of Contents

  1. Cover Page
  2. Title Page
  3. Dedication
  4. Copyright
  5. Brief Contents
  6. From the Authors
  7. Your Team for Success in Accounting
  8. Author Commitment
  9. What's New?
  10. Content Changes by Chapter
  11. Active Teaching and Learning Supplementary Material
  12. Contents
  13. Acknowledgments
  14. 1 Accounting in Action
    1. Feature Story Knowing the Numbers
    2. What Is Accounting?
    3. The Building Blocks of Accounting
    4. The Basic Accounting Equation
    5. Using the Accounting Equation
    6. Financial Statements
    7. APPENDIX 1A Accounting Career Opportunities
    8. A Look at IFRS
  15. 2 The Recording Process
    1. Feature Story Accidents Happen
    2. The Account
    3. Steps in the Recording Process
    4. The Trial Balance
    5. A Look at IFRS
  16. 3 Adjusting the Accounts
    1. Feature Story Keeping Track of Groupons
    2. Timing Issues
    3. The Basics of Adjusting Entries
    4. The Adjusted Trial Balance and Financial Statements
    5. APPENDIX 3A Alternative Treatment of Prepaid Expenses and Unearned Revenues
    6. APPENDIX 3B Concepts in Action
    7. A Look at IFRS
  17. 4 Completing the Accounting Cycle
    1. Feature Story Everyone Likes to Win
    2. Using a Worksheet
    3. Closing the Books
    4. Summary of the Accounting Cycle
    5. The Classified Balance Sheet
    6. APPENDIX 4A Reversing Entries
    7. A Look at IFRS
  18. 5 Accounting for Merchandising Operations
    1. Feature Story Buy Now, Vote Later
    2. Merchandising Operations
    3. Recording Purchases of Merchandise
    4. Recording Sales of Merchandise
    5. Completing the Accounting Cycle
    6. Forms of Financial Statements
    7. APPENDIX 5A Worksheet for a Merchandising Company—Perpetual Inventory
    8. APPENDIX 5B Periodic Inventory System
    9. A Look at IFRS
  19. 6 Inventories
    1. Feature Story “Where Is That Spare Bulldozer Blade?”
    2. Classifying and Determining Inventory
    3. Inventory Costing
    4. Inventory Errors
    5. Statement Presentation and Analysis
    6. APPENDIX 6A Inventory Cost Flow Methods in Perpetual Inventory Systems
    7. APPENDIX 6B Estimating Inventories
    8. A Look at IFRS
  20. 7 Fraud, Internal Control, and Cash
    1. Feature Story Minding the Money in Moose Jaw
    2. Fraud and Internal Control
    3. Cash Controls
    4. Control Features: Use of a Bank
    5. Reporting Cash
    6. A Look at IFRS
  21. 8 Accounting for Receivables
    1. Feature Story A Dose of Careful Management Keeps Receivables Healthy
    2. Types of Receivables
    3. Accounts Receivable
    4. Notes Receivable
    5. Statement Presentation and Analysis
    6. A Look at IFRS
  22. 9 Plant Assets, Natural Resources, and Intangible Assets
    1. Feature Story How Much for a Ride to the Beach?
    2. Plant Assets
    3. Natural Resources
    4. Intangible Assets
    5. Statement Presentation and Analysis
    6. APPENDIX 9A Exchange of Plant Assets
    7. A Look at IFRS
  23. 10 Liabilities
    1. Feature Story Financing His Dreams
    2. Current Liabilities
    3. Long-Term Liabilities
    4. APPENDIX 10A Present Value Concepts Related to Bond Pricing
    5. APPENDIX 10B Effective-Interest Method of Bond Amortization
    6. APPENDIX 10C Straight-Line Amortization
    7. A Look at IFRS
  24. 11 Corporations: Organization, Stock Transactions, Dividends, and Retained Earnings
    1. Feature Story What's Cooking?
    2. The Corporate Form of Organization
    3. Accounting for Stock Transactions
    4. Dividends
    5. Retained Earnings
    6. Statement Presentation and Analysis
    7. APPENDIX 11A Stockholders' Equity Statement
    8. APPENDIX 11B Book Value—Another per Share Amount
    9. A Look at IFRS
  25. 12 Investments
    1. Feature Story “Is There Anything Else We Can Buy?”
    2. Why Corporations Invest
    3. Accounting for Debt Investments
    4. Accounting for Stock Investments
    5. Valuing and Reporting Investments
    6. APPENDIX 12A Preparing Consolidated Financial Statements
    7. A Look at IFRS
  26. 13 Statement of Cash Flows
    1. Feature Story Got Cash?
    2. The Statement of Cash Flows: Usefulness and Format
    3. Preparing the Statement of Cash Flows—Indirect Method
    4. Using Cash Flows to Evaluate a Company
    5. APPENDIX 13A Statement of Cash Flows—Direct Method
    6. APPENDIX 13B Using a Worksheet to Prepare the Statement of Cash Flows—Indirect Method
    7. APPENDIX 13C Statement of Cash Flows—T-Account Approach
    8. A Look at IFRS
  27. 14 Financial Statement Analysis
    1. Feature Story It Pays to Be Patient
    2. Basics of Financial Statement Analysis
    3. Horizontal Analysis
    4. Vertical Analysis
    5. Ratio Analysis
    6. Earning Power and Irregular Items
    7. Quality of Earnings
    8. A Look at IFRS
  28. Appendix A Specimen Financial Statements: Apple Inc.
  29. Appendix B Specimen Financial Statements: PepsiCo, Inc.
  30. Appendix C Specimen Financial Statements: The Coca-Cola Company
  31. Appendix D Specimen Financial Statements:, Inc.
  32. Appendix E Specimen Financial Statements: Wal-Mart Stores, Inc.
  33. Appendix F Specimen Financial Statements: Zetar plc
  34. Appendix G Time Value of Money
    1. Nature of Interest
    2. Future Value Concepts
    3. Present Value Concepts
    4. Using Financial Calculators
  35. Appendix H Payroll Accounting
    1. Accounting for Payroll
    2. Employer Payroll Taxes
    3. Internal Control for Payroll
  36. Appendix I Subsidiary Ledgers and Special Journals
    1. Expanding the Ledger—Subsidiary Ledgers
    2. Expanding the Journal—Special Journals
  37. Appendix J Other Significant Liabilities
    1. Contingent Liabilities
    2. Lease Liabilities
    3. Additional Liabilities for Employee Fringe Benefits
  38. Company Index
  39. Subject Index