Financial Accounting

Provide future business professionals with a practical introduction to financial accounting. With its unique focus on building students’ decision-making skills and emphasis on financial statements, Financial Accounting, 9th Canadian Edition meaningfully integrates data analytics and the importance of using accounting information in real-world decision-making. Adaptive practice opportunities and engaging real-world industry examples strengthen student understanding of accounting concepts and illustrate how these are relevant to their everyday lives and future careers in business and accounting. An increased emphasis on Indigenous perspectives and environmental, social, and governance (ESG) issues serves as a first step in urging students to acknowledge their role as individuals, students, and aspiring professionals in addressing societal inequities.

1 The Purpose and Use of Financial Statements 1-1 2 A Further Look at Financial Statements 2-1 3 The Accounting Information System 3-1 4 Accrual Accounting Concepts 4-1 5 Merchandising Operations 5-1 6 Reporting and Analyzing Inventory 6-1 7 Internal Control and Cash 7-1 8 Reporting and Analyzing Receivables 8-1 9 Reporting and Analyzing Long-Lived Assets 9-1 10 Reporting and Analyzing Liabilities 10-1 11 Reporting and Analyzing Shareholders’ Equity 11-1 12 Reporting and Analyzing Investments 12-1 13 Statement of Cash Flows 13-1 14 Performance Measurement 14-1 Appendix A* Specimen Financial Statements: The North West Company Inc. A-1 Appendix B* Specimen Financial Statements: Sobeys Inc. B-1 Company Index / Subject Index I- 1