Financial Accounting, 9th Canadian Edition
By Paul Kimmel, Jerry Weygandt, Donald Kieso, Barbara Trenholm, Wayne Irvine, and Chris Burnley
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.
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Inspire efficient concept mastery through adaptive learning.
Close knowledge gaps and accelerate student learning with new Adaptive Assignments that continuously adapt to each student’s needs with individualized, just-in-time feedback and instruction. Assign as pre-lecture to introduce key concepts and post-lecture for practice.
Activate knowledge application with real-world context.
Encourage students to recognize and reflect on the diverse experiences and identities of Indigenous peoples by centralizing Indigenous Perspectives. By featuring individuals, organizations, and Nations across Canada, students are inspired to take responsibility in reconciliation and subsequent calls to action.
Ground student understanding in Real Financial Statements and Financial Reporting Problems and Comparative Analysis Problems that are based on financial statements for companies including The North West Company, Sobeys, and Artizia. Help students understand the importance of sustainability with Accounting and the Environment Boxes.
Help students understand the importance of sustainability and corporate Environmental, Social, and Governance (ESG) reporting with ESG Insight Boxes, Critical Thinking Cases, and chapter discussions.
Cultivate the data analytics and problem-solving skills students need for career success.
Help students interpret visualizations and think critically about data with PowerBI and Tableau Visualizations, accompanied by assignable questions.
Introduce a practical framework for developing problem-solving skills with Excel-Based Data Analytics Problems. With automatic grading and supported with step-by-step video guidance, students build key skills while enhancing their understanding of important business concepts.
Provide confidence-building practice opportunity with hundreds of algorithmic Auto-graded assignments, supported with author-created Solution walk-through videos that give step-by-step instruction on how to complete problems like those in the text.
What’s New
- ADDED infographics and illustrations throughout offer visualization of concepts to provide alternative ways of learning and to strengthen student understanding.
- Real-World Company Videos feature small businesses and larger companies, with assignable questions.
- Additional solution walkthrough videos recorded specifically for the ninth edition.
- New Data Visualization questions.
- 180 new questions added to WileyPLUS from the text Problem B set.
- Gradeable Excel Questions with enhanced functionality provide an opportunity to practice Excel skills in the context of solving chapter accounting problems.
- Data-Analytics in Excel videos provide step-by-step guidance to perform the Excel skills students need to solve the problems.
- Data Analytics Module, with interactive lessons, case studies, and videos helps to develop the professional competencies needed for career success.
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, 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, 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, FCPA, FCA, ICD.D, is a professor emerita at the University of New Brunswick (UNB), where she has taught accounting and finance in the BBA and MBA programs both locally and internationally. Her teaching and educational leadership has been widely recognized with numerous provincial, national, and international teaching awards.
She has published widely in the field of accounting education and standard setting, including publications in Accounting Horizons, Journal of the Academy of Business Education, and the legacy editions of Pivot Magazine—CAmagazine, CGA Magazine, and CMA Magazine. She is also part of the Canadian author team of Weygandt, Kieso, Kimmel, Trenholm, Warren, and Novak, Accounting Principles, published by John Wiley & Sons Canada, Ltd.
Barbara has been active in the predecessor organizations of CPA Canada, CPA Atlantic School of Business, and CPA NB as they are currently known, in addition to the Canadian Academic Accounting Association. She also served as president of CPA NB and in leadership roles at the university and in the community.
She holds an ICD.D designation with the Institute of Corporate Directors and is an experienced board member. Barbara has served on boards of public companies, private companies, federal and provincial crown corporations, and not-for-profits including professional accounting organizations.
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, 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.
CHAPTERS
1.Introduction to Financial Statements
2. A Further Look 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