Financial Accounting

The new eighth edition of Financial Accounting: Tools for Decision-Making, Canadian Edition by Kimmel, Weygandt, Kieso, Trenholm, Irvine and Burnley continues to provide the best tools for both instructors and students to succeed in their introductory financial accounting class. It helps students understand the purpose and use of financial accounting, whether they plan to become accountants or whether they simply need it for their personal life or career. The book’s unique, balanced procedural and conceptual (user-oriented) approach, proven pedagogy and breadth of problem material has made Financial Accounting the most popular introductory text in Canada. This hands-on text, paired with a powerful online teaching and learning environment offers students a practical set of tools for use in making business decisions based on financial information.

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 Glossary G-1 Rapid Review RR-1 Company Index / Subject Index I- 1