Financial Accounting Tools for Business Decision Making 7E

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

• ISBN13: 9781118162286
• ISBN10: 1118162285
• Edition: 7th
• Format: Hardcover
• Copyright: 2012-10-09
• Publisher: John Wiley & Sons Inc

Summary

This successful book continues to provide accountants with an understanding of the fundamental concepts necessary to use accounting effectively. The 7th edition offers new discussions on IFRS, including new codification numbers, examples of IFRS financial statements, and additional exercises. A look at more recent frauds such as the Bernie Madoff scandal have been added. Enhanced discussions of ethics and international accounting are presented. The coverage of non-cash items and their impact on decision making has been expanded. In addition, comprehensive case studies and problems help accountants tie the material together.

Table of Contents

1 Introduction to Financial Statements

2 A Further Look at Financial Statements

3 The Accounting Information System

4 Accrual Accounting Concepts

5 Merchandising Operations and the Multiple-Step Income Statement

6 Reporting and Analyzing Inventory

7 Fraud, Internal Control, and Cash

8 Reporting and Analyzing Receivables

9 Reporting and Analyzing Long-Lived Assets

10 Reporting and Analyzing Liabilities

11 Reporting and Analyzing Stockholders’ Equity

12 Statement of Cash Flows

13 Financial Analysis: The Big Picture

APPENDICES

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

B Specimen Financial Statements: The Hershey Company B-1

C Specimen Financial Statements: Zetar plc C-1

D Time Value of Money D-1

E Reporting and Analyzing Investments E-1