Financial Accounting, Tools for Business Decision-Making, 7th Canadian Edition

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Financial Accounting, Tools for Business Decision-Making, 7th Canadian Edition

By Paul Kimmel, Jerry Weygandt, Donald Kieso, Barbara Trenholm, Wayne Irvine, and Chris Burnley

The Seventh Canadian Edition of Financial Accounting provides the best tools for instructors and for students to succeed in their introductory financial accounting course. This program helps students understand the purpose and use of financial accounting whether they plan to become accountants or simply need it for their personal life or career.

WileyPLUS Next Gen for Financial Accounting, Tools for Business Decision-Making gives you the freedom and flexibility to tailor content and easily manage your course in order to keep students engaged and on track. Instructors will find new curated homework assignments. 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.

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Author of two Wiley accounting texts, Chris Burnley, shares some insights on teaching Financial Accounting:

Engaging videos help to clarify even the most difficult concepts.

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

Practice Objective-Format Questions help students gauge their understanding of the chapter material.

These robust multiple-choice questions encourage the development of higher level thinking skills. More than the standard four multiple-choice options are provided, and there is more than one correct answer. These comprehensive questions test students’ understanding of a concept and provide detailed solutions and feedback. An additional set of practice Objective-Format Questions is available in WileyPLUS for instructors to assign.

The Accounting Cycle is continually reinforced throughout the content.

With this Seventh Canadian Edition, there are additional Accounting Cycle Review problems, which integrate concepts from previous chapters to help reinforce students’ understanding of accounting fundamentals. They are all gradable in WileyPLUS.

    What’s New

  • Interactive Tutorials that review all the major concepts presented in each chapter, featuring animations and Concept Check activities with instant feedback
  • Applied Skills Videos that cover key problem-solving skills and their application to homework problems as well as Excel resources to help students master essential and relevant Excel functions

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/or 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.

She has presented at many conferences and published widely in the field of accounting education and standard setting in journals including Accounting Horizons, Journal of the Academy of Business Education, CA Magazine, CGA Magazine, and CMA Magazine. She is also part of the Canadian author team of Weygandt, Kieso, Kimmel, Trenholm, Warren, and Novak, who wrote Accounting Principles, published by John Wiley & Sons Canada, Ltd.

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. In addition to other publishing projects, he has 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 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

A. Specimen Financial Statements: The North West Company Inc.
B. Specimen Financial Statements: Sobeys Inc.

Wiley Team for Success. Dedicated to Student Achievement.

The Team for Success authors are dedicated to ensuring that all of their Accounting titles are accessible to students, current, accurate, and have a consistent voice and pedagogy from introductory accounting to the intermediate level. Millions of students worldwide have learned from their exceptional resources—and now students are getting real results using ORION Adaptive Practice available in WileyPLUS for Accounting.