eBook Details:

• Hardcover: 880 pages
• Publisher: Wiley; 6th edition (June 28, 2011)
• Language: English
• ISBN-10: 047053477X
• ISBN-13: 978-0470534779

eBook Description:

Financial Accounting: Tools for Business Decision Making, 6th Edition

Financial Accounting: Tools for Business Decision Making, 6th Edition provides students with an understanding of the fundamental concepts necessary to use accounting effectively today, as well as introducing them to IFRS and how they will use accounting in the future. Starting with a “macro” view of accounting information, the authors present real financial statements. They establish how a financial statement communicates the financing, investing, and operating activities of a business to users of accounting information. Kimmel, Weygandt and Kieso motivate students by grounding the discussion in the real world, showing them the relevance of the topics covered to their future.

Financial Accounting: Tools for Business Decision Making, 6th Edition

Financial Accounting: Tools for Business Decision Making, 6th Edition provides students with an understanding of the fundamental concepts necessary to use accounting effectively today, as well as introducing them to IFRS and how they will use accounting in the future. Starting with a “macro” view of accounting information, the authors present real financial statements. They establish how a financial statement communicates the financing, investing, and operating activities of a business to users of accounting information. Kimmel, Weygandt and Kieso motivate students by grounding the discussion in the real world, showing them the relevance of the topics covered to their future.

• A Look at IFRS: New section at end of each chapter section includes an IFRS overview, differences between GAAP and IFRS (Key Points), IFRS/GAAP convergence efforts (Looking to the Future), and IFRS Self-Test Questions (plus answers).
• An IFRS Application section is also included with IFRS review exercises (including an International Comparative Analysis Problem: Tootsie Roll vs Zetar (Zetar is U.K. candy company).
• Chart of Accounts: Number of accounts used in textbook, supplements, and WileyPLUS drastically reduced, titles used consistently throughout. We now have a common chart of accounts.
• Terminology:Reflect latest terminology changes, that is:
  • Expense recognition principle (previously matching)
  • Periodicity assumption (previously time period)
  • Fair value replaces market value in many instances
• Updated End-of-Chapter Material:
  • Data/Numbers in nearly all Brief Exercises, Exercises, and Problem Set A and B were updated withNEW numbers, names, and dates.
  • New Bloom’s Taxonomy codes added to EOC Exercises and Problems
  • New FASB Codification Activity
• Accounting Cycle Chapter Unification/Updates/Clarification:
  • A unification of the Chapters 1-4 accounting cycle by focusing on the new story of Sierra Corporation, a travel adventure corporation. Text and new illustrations further the travel corp theme.
  • Accounting Information System (Chapter 3): A new, more graphical and user-friendly analysis of the Accounting Information System transactions in Chapter 3 is provided. Basic analysis and Equation Analysis discussions are more clearly presented through new illustrations.
  • Accrual Accounting Concepts (Chapter 4): New illustrations break textual discussing into clearer graphical explanations
  • Complete Continuing Cookie Chronicle problem statements provided for Chapters 1-4 in the textbook.
• Anatomy of a Fraud: In the 5th Edition we added the new feature “Anatomy of a Fraud” to illustrate how the lack of specific internal controls resulted in real-world frauds. In this edition, we have expanded it throughout the textbook to demonstrate the importance of internal controls to all assets and liabilities.

Financial Accounting: Tools for Business Decision Making, 6th Edition provides students with an understanding of the fundamental concepts necessary to use accounting effectively today, as well as introducing them to IFRS and how they will use accounting in the future. Starting with a “macro” view of accounting information, the authors present real financial statements. They establish how a financial statement communicates the financing, investing, and operating activities of a business to users of accounting information. Kimmel, Weygandt and Kieso motivate students by grounding the discussion in the real world, showing them the relevance of the topics covered to their future.