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For introductory courses in Financial Accounting taught from a more traditional "preparer" approach.
Financial Accounting helps students “nail” the accounting cycle up front in order to increase success and retention later on. The concepts and mechanics students learn in the critical ‘accounting cycle’ chapters are used consistently and repetitively—and with clear-cut details and explanations—throughout the remainder of the text, minimizing confusion.
A solid enhancement to already solid fundamentals, the eighth edition now features new co-author Bill Thomas of Baylor University who brings his expertise on auditing, ethics, and internal controls to key sections of the book.
MyAccountingLab, the text's online homework system, then provides students with a personalized learning environment that tests and strengthens their skills and understanding through unlimited practice.
Table of Contents
Chapter 1 The Financial Statements
Chapter 2 Transaction Analysis
Chapter 3 Accrual Accounting & Income
Chapter 4 Internal Control & Cash
Chapter 5 Short-Term Investments & Receivables
Chapter 6 Inventory & Cost of Goods Sold
Chapter 7 Plant Assets & Intangibles
Chapter 8 Liabilities
Chapter 9 Stockholders’ Equity
Chapter 10 Long-Term Investments & International Operations
Chapter 11 The Income Statement & the Statement of Stockholders’ Equity
Chapter 12 The Statement of Cash Flows
Chapter 13 Financial Statement Analysis
Appendix A 2008 Amazon.com Annual Report
Appendix B 2007 Foot Locker Annual Report
Appendix C Time Value of Money: Future Value & Present Value
Appendix D Charts of Accounts
Appendix E Summary of Generally Accepted Accounting Principles (GAAP)
Appendix F Summary of Differences Between US GAAP & IFRS Cross Referenced to Chapter