Financial Accounting: Tools for Business Decision Making (5TH 09 - Old Edition)

This bestselling book has helped countless readers advance in their careers by gaining a practical set of skills and the confidence needed to use those skills effectively in making business decisions. The fifth edition begins by presenting a macro view of accounting information, taking readers through real financial statements. They'll quickly discover how these statements communicate the financing, investing, and operating activities of a business to users of accounting information. Kimmel, Weygandt, and Kieso also arm readers with a Decision Toolkit consisting of a finite set of tools necessary to make intelligent business decisions based on financial information. The integration of this toolkit and the use of financial statements for decision-making makes this one of the most user-oriented books available today.

Financial Accounting, 5^th Edition provides students with an understanding of fundamental concepts necessary to use accounting effectively. 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.

Paul D. Kimmel, PhD, CPA, received his bachelor’s degree from the University of Minnesota and his Ph.D. from the Univ. of Wisconsin. He is an Associate Professor at the Univ. of Wisconsin—Milwaukee, and has public accounting experience with Deloitte & Touche (Minneapolis). He was the recipient of the UWM School of Business Advisory Council Teaching Award and the Reggie Taite Excellence in Teaching Award, and is a 3-time winner of the Outstanding Teaching Assisting Award at the Univ. of Wisconsin. He is also a recipient of the Elijah Watts Sells Award. He is a member of the American Accounting Association and has published articles in Accounting Review, Accounting Horizons, Advances in Management Accounting, Managerial Finance, Issues in Accounting Education, Journal of Accounting Education, and more.

'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. 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. Performance Measurement.

Appendices.

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

B. Specimen Financial Statements: Hershey Foods Corporation.

C. Time Value of Money.

D. Reporting and Analyzing Investments.'