Financial Accounting: Tools for Business Decision Making, 10th Edition
By Paul D. Kimmel, Jerry J. Weygandt, and Jill E. Mitchell
Financial Accounting: Tools for Business Decision Making by Paul Kimmel, Jerry Weygandt, and Jill Mitchell provides a practical introduction to financial accounting with a focus on how to use accounting information to make business decisions. Through significant course updates, the 10th Edition presents an active, hands-on approach designed to spark effective learning, develop critical thinking skills, and inspire and prepare the next generation of accounting and business professionals.
To ensure maximum understanding as students work through the course, WileyPLUS for Financial Accounting provides an interactive learning experience with Adaptive Assignments and high-quality homework that’s mapped to Bloom’s Taxonomy and scaffolded in difficulty. The course’s varied assessment types include but are not limited to, algorithmic questions, multi-part problems, exercises, and accounting cycle review problems, many of which are presented within real-world contexts to help students understand not just the how and why of accounting, but its greater business applications as well. To further ensure the retention of foundational course material, WileyPLUS also offers interactive tools for bite-sized learning, and video-based instruction with 24/7, just-in-time homework help.
Throughout WileyPLUS, there are also a variety of practical activities to develop students’ decision-making mindsets within the accounting context. These include a running case with real world applications, Excel assignments, and various data analytics activities such as Tableau and Power BI Visualization Assignments, and Analytics in Action Problems. These applications all map to chapter material, making it easy for instructors to determine where and how to incorporate key skill development in their syllabus.
With Kimmel Financial Accounting and WileyPLUS, students will build a strong understanding of financial accounting fundamentals, while simultaneously learning the tools necessary to make successful business decisions in their future careers.
Take a Look Into WileyPLUS
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.
New! Chapter Overview Videos provide a modern, animated summary of key chapter topics and themes.
New! Interactive Tutorial Assignments provide a guided walkthrough of key chapter topics and resources, including Chapter Overview Videos, Lecture Videos for each learning objective, and select Real World Videos. To enhance student understanding and retention, each of these assignments include interactive Knowledge Check and Do It! questions as well. Interactive Tutorial Assignments can be customized and assigned as pre-lecture or practice and can also be used as a supplementary lecture tool for asynchronous and hybrid courses.
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.
Develop Data Analytics and Literacy Skills
New! Data Analysis Technology Bootcamps in WileyPLUS give students a scaffolded introduction to some of 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.
Gradable Excel Assignments 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.
What’s New to the 10th Edition
- New! Chapter Overview Videos provide a modern, animated summary of key chapter topics and themes.
- New! Generative AI activities available in the instructor’s manual. These activities are designed to help instructors incorporate AI tools into their accounting classroom in ways that promote critical thinking and discussion.
- New! Accounting Cycle Simulation helps students understand the accounting cycle through interactive, scenario-based practice with dynamic, just-in-time feedback.
- New! Interactive Tutorial Assignments provide a guided walkthrough of key chapter topics and resources, including Chapter Overview Videos, Lecture Videos for each learning objective, and select Real World Videos. To enhance student understanding and retention, each of these assignments include interactive Knowledge Check and Do It! questions as well. Interactive Tutorial Assignments can be customized and assigned as pre-lecture or practice, and can also be used as a supplementary lecture tool for asynchronous and hybrid courses.
- Additional Gradable Excel Assignments have been added to WileyPLUS to help student’s develop their Excel skills within the accounting context. 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! Lecture Videos are available for every section in the course and feature an accounting educator talking through the PowerPoint slides. There are embedded application videos where applicable, providing support for online and hybrid courses, flipped classrooms, and student study and review.
- New! Animations engage students within the course and help simplify key concepts, making it easier for students to understand and grasp foundational material.
- New! Data Analysis Technology Bootcamps in WileyPLUS give students a scaffolded introduction to some of 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.
- Additional Solution Walkthrough Videos have been developed, including new videos covering select Brief Exercises, to provide students with more problem-solving skill development and 24/7, just-in-time homework support.
- New! Analytics in Action End-of-Chapter Sections include feature boxes and activities that get students hands-on with data analysis applications within a real Excel environment and practice working with varied data sets, refine their Excel efficiency skills, create visualizations, and learn how to think critically while evaluating and interpreting the data.
- Updated and new test bank questions including 40 new Small Business Video questions, and a 30% test bank update focusing on enhancing or replacing existing T/F and multiple choice questions with zero usage.
Content Changes
- New bulleted text and numbered approach helps highlight key information and computations.
- New Data Analytics Insight Boxes, integrated throughout the content, highlight the use of data analytics by real-world companies.
- New chapter discussions of data analytics at the appropriate level for introductory accounting students.
- New Do It! questions at the end of key subsections for students to have additional practice opportunities at the moment of learning.
- Updated examples of real-world companies to increase student engagement and relevancy to today’s accounting and business profession.
- Updated discussions throughout to reflect the latest developments and new technology (i.e., cloud computing).
- Updated discussions within the accounting cycle chapters to ensure maximum student understanding.
- Updated illustrations throughout to include more visualizations of accounting concepts and to increase student engagement.
- Added Answers to Insight and Accounting Across the Organization Questions near the end-of-chapter.
- Moved A Look at IFRS section online.
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 was an Associate Professor at the University of Wisconsin—Madison for more than 25 years and is now a Senior Lecturer at the University of Wisconsin—Madison. He 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 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, and Journal of Accounting Education, as well as other journals. His research interests include accounting for financial instruments and innovation in accounting education.
Connect with Paul Kimmel through Email.
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.
Jill E. Mitchell, MS, MEd, CIA, is a Professor of Accounting at Northern Virginia Community College (NOVA), where she has taught face-to-face, hybrid, and online courses since 2008. Since 2009, she has been an adjunct instructor at George Mason University (GMU). 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 serves on the AAA Education Committee and is the co-chair for the Conference on Teaching and Learning in Accounting (CTLA). Prior to joining the faculty at NOVA, 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 and a BBA in Management Information Systems from the University of Georgia honors program. Recently, she earned an MEd in Instructional Design Technology from GMU. 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.
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. Fraud, 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. Financial Analysis: The Big Picture
Appendix F: Time Value of Money
Appendix G: Reporting and Analyzing Investments)