Financial Accounting

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  • Edition: 15th
  • Format: Hardcover
  • Copyright: 1/12/2011
  • Publisher: McGraw-Hill/Irwin
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While many texts characterize themselves as having either a "user" approach or a "preparer" approach, Williams' Financial Accounting is written for faculty who want to strike a balance between these approaches. Business majors will find relevance in the "Ethics, Fraud & Corporate Governance," "Your Turn" and "Case in Point" boxes throughout the chapters while accounting majors will receive a firm grounding in accounting basics that will prepare them for their intermediate course.

Table of Contents

Chapter 1: Accounting: Information for Decision Making

Chapter 2: Basic Financial Statements

Chapter 3: The Accounting Cycle: Capturing Economic Events

Chapter 4: The Accounting Cycle: Accruals and Deferrals

Chapter 5: The Accounting Cycle: Reporting Financial Results

Comprehensive Problem 1: Susquehanna Equipment Rentals

Chapter 6: Merchandising Activities

Chapter 7: Financial Assets

Chapter 8: Inventories and the Cost of Goods Sold

Comprehensive Problem 2: Guitar Universe, Inc.

Chapter 9: Plant and Intangible Assets

Chapter 10: Liabilities

Chapter 11: Stockholders' Equity: Paid-in Capital

Comprehensive Problem 3: McMinn Retail, Inc.

Chapter 12: Income and Changes in Retained Earnings

Chapter 13: Statement of Cash Flows

Chapter 14: Financial Statement Analysis

Comprehensive Problem 4: Home Depot, Inc.

Chapter 15: Global Business and Accounting

Appendix A: 2009 Home Depot Financial Statements

Appendix B: The Time Value of Money: Future Amounts and Present Values

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