Financial Accounting: Tools for Business Decision Making, 8th Edition Financial Accounting: Tools for Business Decision Making, 8th Edition By Paul Kimmel, Jerry Weygandt, and Don Kieso Accounting: Tools for Business Decision Making, 7th Edition is a two-semester financial and managerial accounting course designed to show students the importance of accounting in their everyday lives. Emphasizing decision-making, this new edition features relevant topics such as data analytics as well as the time-tested features that have proven to be of most help to students. The next generation of WileyPLUS for Accounting gives instructors the freedom and flexibility to tailor content and easily manage their course to keep students engaged and on track. Schedule a Demo Sign Up for a Test Drive Adopt WileyPLUS Want to learn more about WileyPLUS? Click Here “What I like about WileyPLUS is that it gives instructors the best of both worlds―they can take ownership and be creative with their course, but they can do this within a structured framework where the study material is very easy to locate.” – Paul Kimmel, Ph.D., CPA; University of Wisconsin-Milwaukee What’s Inside About the Authors Table of Contents Relevant assistance and feedback is provided at the point of learning. Feedback goes beyond right or wrong indicators and includes Problem Walkthrough Videos with author Paul Kimmel, Applied Skills Videos that review key problem-solving techniques and their application to homework problems, and new Narrative Feedback that highlights the problem-solving process. Students experience real-world problem solving. A new problem material design for all assessment and practice questions gives students a clean, blank-sheet-of-paper interface. Improved navigation right at the objective level and a more modern design provide students with a simple and more real-world experience. New mobile-friendly interactive tutorials are ideal for students on the go. We’ve redesigned our popular Interactive Tutorials in an enhanced, mobile-friendly learning environment, giving students the opportunity to study anytime, anywhere. You can assign these as pre-lecture assignments to ensure that students come to class prepared. Features Include: Easy Assessment: Algorithmic, multiple-choice test bank questions make student assessments simple to create and assign. All questions are tagged to Bloom’s Taxonomy, AACSB, AICPA, and IMA standards, allowing instructors and departments to quickly demonstrate outcomes, analyze student performance data, and make immediate improvements. Practice Made Simple: Found right at the learning objective level, new algorithmic brief exercises, Do It exercises, and problems available outside of instructor assignments provide opportunities for no-stakes practice and show answers and solutions as students check their work. Organized Learning: A new streamlined learning design helps students find relevant videos, reading content, and resourced-based associated learning objectives so they can make the best use of time outside of class. Accounting Cycle Connections: Thoroughly revised accounting cycle sections and topics help students make connections between the different steps of the accounting cycle. Develop Excel Skills: Assignable Excel Function Simulations give students hands-on practice with relevant Excel Functions while teaching videos teach students the basic steps. Students build basic skills before moving on to more complex Excel-based problems and projects. 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. 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. Donald E. Kieso, PhD, 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. Professor 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, the AACSB’s Accounting Accreditation Committees, the State of Illinois Comptroller’s Commission, and he has served as Secretary-Treasurer of the Federation of Schools of Accountancy and as Secretary-Treasurer of the American Accounting Association. Professor 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, a Distinguished Service Award from the Illinois CPA Society, and in 2003, an honorary doctorate from Aurora University. 1. Introduction to Financial Statements2. A Further Look at Financial Statements3. The Accounting Information System4. Accrual Accounting Concepts5. Merchandising Operations and the Multiple-Step Income Statement6. Reporting and Analyzing Inventory7. Fraud, Internal Control, and Cash8. Reporting and Analyzing Receivables9. Reporting and Analyzing Long-Lived Assets10. Reporting and Analyzing Liabilities11. Reporting and Analyzing Stockholders’ Equity12. Statement of Cash Flows13. Financial Analysis: The Big Picture 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.