Financial Accounting

by Weygandt, Jerry J.; Kimmel, Paul D., Ph.D.; Kieso, Donald E., Ph.D.

• ISBN13: 9781118285909
• ISBN10: 1118285905
• Edition: 2nd
• Format: Hardcover
• Copyright: 2012-07-24
• Publisher: John Wiley & Sons Inc

Summary

While there is a growing interest in IFRS within the US, interest outside the US has exploded. Weygandt's 2nd edition of Financial Accounting: IFRS highlights the integration of more US GAAP rules, a desired feature as more foreign companies find the United States to be their largest market. The highly anticipated new edition retains each of the key features (e.g. TOC, writing style, pedagogy, robust EOC) on which users of Weygandt Financial have come to rely, while putting the focus on international companies/examples, discussing financial accounting principles and procedures within the context of IFRS, and providing EOC exercises/problems that present students with foreign currency examples (e.g. yen, euro) instead of solely U.S. dollars. New features and updates to the new edition include: "Another Perspective" section which presents a US GAAP overview, differences between GAAP and IFRS, etc.; New Understanding U.S. GAAP margin boxes; Updated Chapter-Opener Stories and revised real world insight boxes integrated throughout each chapter; New Common Chart of Accounts; People, Planet, Profit Insight box; More Visual Equation Analysis and Anatomy of a Fraud Boxes; Updated End-of-Chapter Material and a new design.

Table of Contents

Chapter 1 Accounting in Action 2

Chapter 2 The Recording Process 50

Chapter 3 Adjusting the Accounts 96

Chapter 4 Completing the Accounting Cycle 156

Chapter 5 Accounting for Merchandising Operations 210

Chapter 6 Inventories 262

Chapter 7 Fraud, Internal Control, and Cash 314

Chapter 8 Accounting for Receivables 366

Chapter 9 Plant Assets, Natural Resources, and Intangible Assets 408

Chapter 10 Liabilities 460

Chapter 11 Corporations: Organization, Share Transactions, Dividends, and Retained Earnings 518

Chapter 12 Investments 580

Chapter 13 Statement of Cash Flows 622

Chapter 14 Financial Statement Analysis 686

APPENDICES

A Specimen Financial Statements: Samsung Electronics Co., Ltd. A-1

B Specimen Financial Statements: Nestle´ S.A. B-1

C Specimen Financial Statements: Zetar plc C-1

D Specimen Financial Statements: Tootsie Roll Industries, Inc. D-1

E Time Value of Money E-1

F Payroll Accounting F-1

*G Subsidiary Ledgers and Special Journals G-1

H Other Significant Liabilities H-1

*Available at the book’s companion website, www.wiley.com/college/weygandt