Accounting Principles, 9th Edition

by Jerry J. Weygandt (University of Wisconsin, Madison); Paul D. Kimmel (University of Wisconsin-Milwaukee); Donald E. Kieso (Northern Illinois University)

• ISBN13: 9780470317549
• ISBN10: 047031754X
• Edition: 9th
• Format: Hardcover
• Copyright: 2008-10-01
• Publisher: WILEY

Summary

Weygandt Accounting Principles starts with what students know. In the new Ninth Edition, students clearly see the relevance of accounting in their everyday lives and are therefore motivated to do the work assigned.Weygandt Accounting Principles introduces challenging accounting concepts with examples that are familiar to the student. This connection to their everyday lives helps build student motivation, a key driver of student time spent on assignments and ultimately their mastery of the concept.

Author Biography

Jerry J. Weygandt, PhD, CPA, is Arthur Andersen Alumni Professor of Accounting at the University of Wisconsin-Madison. He holds a Ph.D. 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. He is the recipient of the Wisconsin Institute of CPAs Outstanding Educator's Award and the Lifetime Achievement Award. In 2001 he received the American Accounting Association's Outstanding Accounting Educator Award.

Table of Contents

Accounting in Action

Feature Story: Knowing the Numbers

What Is Accounting?

The Building Blocks of Accounting

The Basic Accounting Equation

Using the Basic Accounting Equation

Financial Statements

All About You: Ethics: Managing Personal Financial Reporting

Appendix: Accounting Career Opportunities

The Recording Process

Feature Story: Accidents Happen

The Account

Steps in the Recording Process

The Recording Process Illustrated

The Trial Balance

All About You: Your Personal Annual Report

Adjusting the Accounts

Feature Story: What Was Your Profit?

Timing Issues

The Basics of Adjusting Entries

The Adjusted Trial Balance and Financial Statements

Appendix: Alternative Treatment of Prepaid Expenses and Unearned Revenues

Completing the Accounting Cycle

Feature Story: Everyone Likes to Win

Using a Worksheet

Closing the Books

Summary of the Accounting Cycle

The Classified Balance Sheet

All About You: Your Personal Balance Sheet

Appendix: Reversing Entries

Accounting for Merchandising Operations

Feature Story: Who Doesn't Shop at Wal-Mart?

Merchandising Operations

Recording Purchases of Merchandise

Recording Sales of Merchandise

Completing the Accounting Cycle

Forms of Financial Statements

Periodic Inventory System

Worksheet for a Merchandiser

Inventories

Feature Story: Where Is That Spare Bulldozer Blade?

Classifying Inventory

Determining Inventory Quantities

Inventory Costing

Inventory Errors

Statement Presentation and Analysis

All About You: Employee Theft-An Inside Job

Inventory Cost Flow Methods in Perpetual Inventory Systems

Estimating Inventories

Accounting Information Systems

Feature Story: QuickBooks r Helps This Retailer Sell Guitars

Basic Concepts of Accounting Information Systems

Subsidiary Ledgers

Special Journals

Fraud, Internal Control, and Cash

Feature Story: Minding the Money in Moose Jaw

Fraud and Internal Control

Cash Controls

Control Features: Use of a Bank

Reporting Cash

All About You: Protecting Yourself from Identity Theft

Accounting for Receivables

Feature Story: A Dose of Careful Management Keeps Receivables Healthy

Types of Receivables

Accounts Receivable

Notes Receivable

Statement Presentation and Analysis

All About You: Should You Be Carrying Plastic?

Plant Assets, Natural Resources, and Intangible Assets

Feature Story: How Much for a Ride to the Beach?

Plant Assets

Determining the Cost of Plant Assets

Depreciation

Expenditures During Useful Life

Plant Assets Disposals

Natural Resources

Intangible Assets

Accounting for Intangible Assets

Research and Development Costs

Statement Presentation and Analysis

All About You: Buying a Wreck of Your Own

Appendix: Exchange of Plant Assets

Current Liabilities and Payroll Accounting

Feature Story: Financing His Dreams

Accounting for Current Liabilities

Conting

Table of Contents provided by Publisher. All Rights Reserved.