Financial Accounting: Tools for Business Decision-Making, 8th Canadian Edition

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Financial Accounting: Tools for Business Decision-Making, 8th Canadian Edition

By Paul D. Kimmel, Donald E. Kieso, Jerry J. Weygandt, Barbara Trenholm, Wayne Irvine, and Christopher D. Burnley

$98.95  CAN

WileyPLUS for Financial Accounting, Tools for Business Decision-Making gives you the freedom and flexibility to tailor content and easily manage your course to keep students engaged and on track. Following a review of user data, the most commonly used questions are now assembled into a series of brief assignments that cover all chapter objectives.

The 8th edition 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 Kimmel the most popular introductory text in Canada.

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Video Solutions

Engaging videos help to clarify even the most difficult concepts.

Lightboard Solution Walk-through Videos give students step-by-step instruction on how to complete problems similar to problems they will find in the textbook.


The Accounting Cycle is continually reinforced throughout the content.

Accounting Cycle Review problems integrate concepts from previous chapters to help reinforce students’ understanding of accounting fundamentals. They are all gradable in WileyPLUS.

Data Analytics

New data analytics content to prepare students for the changing profession.

To highlight examples where accounting information is used to support business decision-making using of data analytics, we have introduced a new Analytics Mindset feature box and end-of-chapter analytics cases.

Features Include:

  • The Toolkit Approach shows students how to use accounting concepts to make decisions, no matter what their role. Decision-making involves critical evaluation and analysis of the information at hand, and this takes practice. At the end of each chapter, the Using the Decision Toolkit activity provides a comprehensive demonstration of an analysis of a real-world problem using the decision tools presented in the chapter.
  • The Accounting Matters theme continues to be at the centre of this new edition and further enhances the importance of accounting to all disciplines, emphasizing the relevance of accounting and the strategic use of accounting information.
  • All About You – this high-interest feature links a specific aspect of the chapter’s topic to students’ personal lives. Each All About You feature presents a topic, offers some facts about it, poses a situation for students to think about, and offers alternative answers as a starting place for further discussion.
  • Author Wayne Irvine is an expert in case writing and has added more case questions to the end of chapter materials.
Paul D. Kimmel

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 teaches at the University of Wisconsin−Milwaukee and 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, 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 The Accounting Review, Accounting Horizons, Review of Accounting Studies, Advances in Management Accounting, Managerial Finance, Issues in Accounting Education, Journal of Accounting Education, as well as other journals. His research interests include accounting for financial instruments and innovation in accounting education. He has published papers and given many presentations regarding accounting instruction, and he helped prepare a catalog of critical thinking resources for the Federated Schools of Accountancy.

Donald E. Kieso

Donald E. Kieso, Ph.D., CPA, received his bachelor’s degree from Aurora University and his doctorate in accounting from the University of Illinois. He has served as chairman of the department of accountancy and is currently the KPMG emeritus professor of accountancy at Northern Illinois University. He has public accounting experience with Price Waterhouse & Co. (San Francisco and Chicago) and Arthur Andersen & Co. (Chicago) and research experience with the Research Division of the American Institute of Certified Public Accountants (New York). He has done post doctorate work as a visiting scholar at the University of California at Berkeley and is a recipient of NIU’s Teaching Excellence Award and four Golden Apple Teaching Awards. Kieso is the author of other accounting and business books and is a member of the American Accounting Association, the American Institute of Certified Public Accountants, and the Illinois CPA Society. He has served as a member of the Board of Directors of the Illinois CPA Society, then AACSB’s Accounting Accreditation Committees, the State of Illinois Comptroller’s Commission, as secretary-treasurer of the Federation of Schools of Accountancy, and as secretary-treasurer of the American Accounting Association. Kieso is currently serving on the board of trustees and executive committee of Aurora University, as a member of the board of directors of Kishwaukee Community Hospital, and as treasurer and director of Valley West Community Hospital. From 1989 to 1993, he served as a charter member of the national Accounting Education Change Commission. He is the recipient of the Outstanding Accounting Educator Award from the Illinois CPA Society, the FSA’s Joseph A. Silvoso Award of Merit, the NIU Foundation’s Humanitarian Award for Service to Higher Education, and a Distinguished Service Award from the Illinois CPA Society. In 2003, he received an honorary doctorate from Aurora University.

Jerry J. Weygandt

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; he has 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) of that organization. He has served on the FASB task force that examined the reporting issues related to accounting for income taxes and served as a trustee of the Financial Accounting Foundation. Weygandt received the Chancellor’s Award for Excellence in Teaching and the Beta Gamma Sigma Dean’s Teaching Award. He is on the board of directors of M&I Bank of Southern Wisconsin. 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.

Barbara Trenholm

Barbara Trenholm, FCPA, FCA, ICD.D, is a professor emerita at the University of New Brunswick, for which she continues to teach on a part-time basis. Her teaching and educational leadership has been widely recognized with numerous local, national,
and international teaching awards. She also served a three-year term as a Teaching Scholar at the University of New Brunswick.

Barbara is a member of the boards of several public, Crown, and private corporations, including Plazacorp Retail REIT, NB Power, and the International Development Research Centre. She is a past board member of Atomic Energy of Canada Limited, the Canadian Institute of Chartered Accountants (now known as CPA Canada), and the Atlantic School of Chartered Accountancy (now known as CPA Atlantic School of Business), and past president of the New Brunswick Institute of Chartered Accountants (now known as CPA New Brunswick). She has extensive service as chair and a member of a wide range of committees at the provincial, national, and international levels of the accounting profession.In addition to her involvement with her profession, she has also served in leadership roles at the university and in the community.

Wayne Irvine

Wayne Irvine, CPA, CA, CFA, teaches accounting at the Haskayne School of Business, University of Calgary. Prior to his full-time academic career, Wayne worked for 12 years at Price Waterhouse in the audit group and as manager of the Calgary office’s continuing education program. Wayne has over 25 years of teaching experience with several professional accounting programs, most recently as a session leader for CPA Western School of Business in its Professional Education Program.

Wayne has, in addition to other publishing projects, authored a number of case exams for CPA legacy programs and published a case in Accounting Perspectives. Wayne is a four-time recipient of the University of Calgary’s Students’ Union Teaching Excellence Award and is the only member of his faculty to have been awarded a Hall of Fame Teaching award from that organization. He has also received over a dozen other teaching and service awards from other student organizations and from the CPA profession.

Chris Burnley

Chris Burnley, FCPA, FCA, is a professor in the Accounting Department at Vancouver Island University. Prior to his full-time academic career, Chris worked for 12 years in public practice and also audited government departments and United Nations agencies with the Office of the Auditor General of Canada. Chris also teaches in the CPA Professional Education Program for the CPA Western School of Business. Chris has also taught in the Master of Professional Accounting Program at the Edwards School of Business, where he was recognized by the University of Saskatchewan with the Chartered Professional Accountants of Alberta teaching excellence award. He is active internationally, teaching and delivering guest lectures at Vancouver Island University’s partner institutions in Europe, Asia, and the South Pacific. Chris has been awarded numerous internal and external grants in support of his academic work and has presented at national conferences. Chris has been awarded a number of prizes by the Canadian Academic Accounting Association as a result of his academic work, including awards for case authoring and developing innovative ideas in accounting education. Chris is active in the accounting profession, and chairs the board of the Chartered Professional Accountants of British Columbia’s Education Foundation. He is a past recipient of the Ritchie W. McCloy Award for CA Volunteerism. Chris is also the author of the textbook Understanding Financial Accounting, published by John Wiley & Sons Canada, Ltd.

  1. The Purpose and Use of Financial Statements
  2. A Further Look at Financial Statements
  3. The Accounting Information System
  4. Accrual Accounting Concepts
  5. Merchandising Operations
  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 Shareholders’ Equity
  12. Reporting and Analyzing Investments
  13. Statement of Cash Flows
  14. Performance Measurement

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