Accounting Principles, 10th Canadian Edition
By Jerry Weygandt, Paul Kimmel, Jill Mitchell, Valerie Warren, and Lori Novak
Accounting Principles, 10th Canadian Edition empowers students to succeed by providing a clear overview of fundamental financial and managerial accounting concepts with a focus on learning the accounting cycle from the sole proprietor perspective. With distinct pedagogical scaffolding of concepts and integrated practice throughout the text, Accounting Principles is dedicated to teaching students not just the how of accounting, but also the why.
To ensure maximum understanding as students work through the course, WileyPLUS for Accounting Principles provides an interactive learning experience with adaptive assignments, a large bank of algorithmic problems, and high-quality assessments that feature real-world scenarios to help students bridge the gap from education to business application. To further ensure retention of foundational course material, WileyPLUS offers interactive tools that present bite-sized learning and video-based instruction with 24/7, just-in-time homework help. Throughout WileyPLUS, there are also a variety of hands-on activities including running cases with real-world applications, Excel assignments, and various data analytics activities like Tableau and Power BI Visualization Assignments and Analytics in Action Problems.
With Accounting Principles, students have the support they need to build a strong foundation in introductory accounting, while simultaneously developing their critical thinking and decision-making skills.
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Learn Accounting Concepts Efficiently
New! Accounting Cycle Simulation helps students understand the accounting cycle through interactive, scenario-based practice with dynamic, just-in-time feedback.
Adaptive Assignments offer students an individualized learning path through the course content that is tailored to their specific needs. By continuously assessing student understanding and providing just-in-time instruction and targeted remediation, Adaptive Assignments close knowledge gaps through scaffolded learning. With increased flexibility, customization, and actionable analytics to support student and class intervention, these Adaptive Assignments make teaching and learning more efficient than ever.
Solution Walkthrough Videos guide students through multi-learning objective problems to help consolidate understanding and provide 24/7 homework assistance. These videos break down the process of completing complex questions to build students’ problem-solving skills and confidence.
Hundreds of algorithmic questions, scaffolded in difficulty across all levels of Blooms taxonomy, help students develop problem solving skills and learn accounting by doing accounting.
Develop Data Analytics Skills
Gradable Excel Assignments ask students to complete exercises in a live Microsoft Excel worksheet using formulas and functions to develop their Excel knowledge. With exercises based on accounting questions from the book, automatic grading, and immediate and detailed cell-level feedback, students build key skills needed to be competitive in today’s job market while enhancing their understanding of core accounting concepts..
New! Data Analysis Technology Bootcamps in WileyPLUS give students a scaffolded introduction to the most popular technologies used in industry, including Excel, Power BI, Tableau, Alteryx, and SQL. Each bootcamp features video walkthroughs, automatically graded concept check questions, and application questions with accompanying video solutions. Build student confidence and technological agility with these customizable assignments.
Power BI and Tableau Visualization Assignments in WileyPLUS familiarize students with popular data analysis tools they will encounter in the workplace. Students analyze a variety of visualizations available in both software programs, completing assessment questions along the way to check their understanding and ability to interpret different forms of information, and practice making informed business decisions.
Analytics in Action End-of-Chapter Problems get students hands-on with data analysis applications within a real Excel environment. These questions ask students to work with varied data sets to refine their Excel efficiency skills, practice creating visualizations, and learn how to think critically while evaluating and interpreting data.
What’s New to This Course
- New! Accounting Cycle Simulation helps students understand the accounting cycle through interactive, scenario-based practice with dynamic, just-in-time feedback.
- UPDATED Adaptive Assignments in WileyPLUS provide instructors with refreshed questions to assign to their classes. By continuously assessing student understanding and providing just-in-time instruction and targeted remediation, Adaptive Assignments close knowledge gaps through scaffolded learning. With increased flexibility, customization, and actionable analytics to support student and class intervention, these Adaptive Assignments make teaching and learning more efficient than ever.
- New! Gradable Excel assignments have been added to WileyPLUS. These questions ask students to complete specific exercises in a live Microsoft Excel worksheet using formulas and functions, helping them develop their Excel knowledge. With exercises based on accounting questions from the book, automatic grading, and immediate and detailed cell-level feedback, students build key skills needed to be competitive in today’s job market, while enhancing their understanding of core accounting concepts.
- New! Indigenous cases are available in WileyPLUS for select chapters to help highlight Indigenous businesses and the ways in which they apply accounting knowledge and skills to solve business challenges.
- New! Data Analysis Technology Bootcamps in WileyPLUS give students a scaffolded introduction to the most popular technologies used in industry, including Excel, Power BI, Tableau, Alteryx, and SQL. Each bootcamp features video walkthroughs, automatically graded concept check questions, and application questions with accompanying video solutions. Build student confidence and technological agility with these customizable assignments.
- Enhanced emphasis on sustainability has been included throughout the course, including relevant cases and research assignments. Since stakeholders are increasingly calling on accountants to collect data, prepare reports, and provide assurance on sustainability matters, the inclusion of this topic is important in the preparation of students for their future careers.
- Updated Accounting in Action insight boxes give students a glimpse into how companies make decisions. These high interest boxes are classified by five different points of view—Across the Organization, Business Insight, Ethics, People, Planet, and Profit Insight, and All About You.
- New Beginning Feature Stories include relatable, recognizable companies and their approach to the chapter’s topic.
- New Data Analytics Insight boxes highlight the use of data analytics by real-world companies at an appropriate introductory level.
- New Indigenous Perspectives boxes feature Indigenous businesses and communities across Canada, encouraging students to reflect on the diverse experiences of Indigenous peoples within the business world.
Jerry J. Weygandt, PhD, CPA, is Arthur Andersen Alumni Emeritus Professor of Accounting at the University of Wisconsin-Madison. He holds a Ph.D. in accounting from the University of Illinois. Articles by Weygandt have appeared in the Accounting Review, Journal of Accounting Research, Accounting Horizons, Journal of Accountancy, and other academic and professional journals. These articles have examined such financial reporting issues as accounting for price-level adjustments, pensions, convertible securities, stock option contracts, and interim reports. Weygandt is the author of other accounting and financial reporting books and is a member of the American Accounting Association, the American Institute of Certified Public Accountants, and the Wisconsin Society of Certified Public Accountants. He has served on numerous committees of the American Accounting Association and as a member of the editorial board of the Accounting review. Weygandt also served as president and secretary-treasurer of the American Accounting Association. In addition, he has been actively involved with the American Institute of Certified Public Accountants and has been a member of the Accounting Standards Executive Committee (AcSEC). He has served on the Financial Accounting Standards Board task force that examined the reporting issues related to accounting for income taxes and served as a trustee of the Financial Accounting Foundation. Weygandt has received the Chancellor’s Award for Excellence in Teaching and the Beta Gamma Sigma Dean’s Teaching Award. He is the recipient of the Wisconsin Institute of CPA’s Outstanding Educator’s Award and the Lifetime Achievement Award. In 2001, he received the American Accounting Association’s Outstanding Educator Award.f
Paul D. Kimmel, PhD, CPA, received his bachelor’s degree from the University of Minnesota and his doctorate in accounting from the University of Wisconsin. He is an Associate Professor at the University of Wisconsin-Milwaukee (UWM) and has public accounting experience with Deloitte & Touche (Minneapolis). He was the recipient of the UWM School of Business Advisory Council Teaching Award, the Reggie Taite Excellence in Teaching Award, and a three-time winner of the Outstanding Teaching Assistant Award at the University of Wisconsin. He is also a recipient of the Elijah Watts Sells Award for Honorary Distinction for his results on the CPA exam. He is a member of the American Accounting Association and the Institute of Management Accountants and has published articles in Accounting Review, Accounting Horizons, Advances in Management Accounting, Managerial Finance, Issues in Accounting Education, Journal of Accounting Education, and in other journals. His research interests include accounting for financial instruments and innovation in accounting education. He has published papers and given numerous talks on incorporating critical thinking into accounting education and helped prepare a catalog of critical thinking resources for the Federated Schools of Accountancy.
Jill E. Mitchell, MS, MEd, CIA, is a Lecturer at the McIntire School of Commerce at the University of Virginia. Prior to joining the faculty of McIntire, she was a Professor of Accounting at Northern Virginia Community College (NOVA), where she taught face-to-face, hybrid, and online courses, and an adjunct instructor at George Mason University (GMU) where she taught in both undergraduate and graduate programs. She is a past president of the Washington, D.C. Chapter of the Accounting and Financial Women’s Alliance (AFWA), and she served on the board of directors of the Virginia Society of CPAs (VSCPA). She is a member of the American Accounting Association (AAA) and the Institute of Internal Auditors. Jill served on the AAA Education Committee and was the co-chair of the Conference on Teaching and Learning in Accounting (CTLA). Jill was a senior auditor with Ernst & Young’s Business Risk Services practice in Miami, Florida. She is a certified internal auditor and earned an MS in Accountancy from the University of Virginia, an MEd in Instructional Design Technology from George Mason University, and a BBA in Management Information Systems from the University of Georgia. Jill is a recipient of the Outstanding Faculty Award, the Commonwealth’s highest honor for faculty of Virginia’s universities and colleges presented by the State Council of Higher Education for Virginia; the Virginia Community College System Chancellor’s Award for Teaching Excellence; the AFWA’s Women Who Count Award; the AAA Two-Year College Educator of the Year Award; and the AAA/J. Michael and Mary Anne Cook/Deloitte Foundation Prize, the foremost recognition of an individual who consistently demonstrates the attributes of a superior teacher in the discipline of accounting.
Valerie Warren, M.B.A., CPA, CA, is an instructor at Kwantlen Polytechnic University in the Fraser Valley, British Columbia, and is the current academic chair of the accounting program. She has a wide range of teaching experience in financial accounting and auditing. She is a member of the Board of Directors of the Canadian Academic Accounting Association and serves as a practice review officer for CPABC (Chartered Professional Accountants British Columbia), where she conducts practice reviews of national, regional, and local firms for compliance with current accounting and assurance standards. She is also the Canadian author of Moroney, Campbell, Hamilton, and Warren’s Auditing: A Practical Approach, published by John Wiley & Sons Canada, Ltd.
Lori E . Novak, M.B.A., CPA, CGA, is an instructor at University of Winnipeg in Winnipeg, Manitoba. Her teaching experience includes course development and delivery in financial accounting, management accounting, auditing, and general business courses. Ms. Novak has a Bachelor of Commerce degree and a Master of Business Administration from Laurentian University. She has professional accounting experience with Palmer, Badger & Co, Chartered Professional Accountants, as well as industry experience working in management. She has served on various volunteer boards as treasurer and fundraising manager in her community.
Volume 1 1. Accounting in Action 2. The Recording Process 3. Adjusting the Accounts 4. Completion of the Accounting Cycle 5. Accounting for Merchandising Operations 6. Inventory Costing 7. Internal Control and Cash 8. Accounting for Receivables 9. Long-Lived Assets 10. Current Liabilities and Payroll Appendix A. Specimen Financial Statements Appendix B. Sales Taxes Appendix C. Accounting Information Systems Volume 2 9. Long-Lived Assets 10. Current Liabilities and Payroll 11..Financial Reporting Concepts 12. Accounting for Partnerships 13. Introduction to Corporations 14. Corporations: Additional Topics and IFRS 15. Non-Current Liabilities 16. Investments 17. The Cash Flow Statement 18. Financial Statement Analysis Appendix A. Specimen Financial Statements Appendix B. Sales Taxes Appendix PV. Present Value Concepts