Financial Accounting, 11th Edition Financial Accounting, 11th Edition By Jerry Weygandt, Paul Kimmel, and Don Kieso To understand a business, you have to understand the financial insides of a business organization. Through a focus on accounting transactions, real-world problem-solving, and engaging company videos, Weygandt Financial Accounting, 11th edition with the new WileyPLUS demonstrates how accounting is an exciting field of study and helps connect core financial accounting concepts to students’ everyday lives and future careers. Continuing to help students succeed in their introductory financial accounting course for over two decades, this edition brings together the trusted Weygandt, Kimmel, and Kieso reputation with fresh, timely, and accurate updates to help build confidence and engage today’s students. 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, author of Accounting What’s Inside About the Authors Table of Contents Videos build students’ problem-solving skills and break down complex problems. Author-created Solution Walkthrough Videos break down complex problems and build students’ problem-solving skills by walking them through the process of solving important homework problems. Students benefit from just-in-time homework assistance and remain engaged and on track in their course. Blank-sheet-of-paper experience mimics professional applications The blank-sheet-of-paper design with type-ahead fosters memory recall, while avoiding the potential pitfall of student typos. With a modern design, students work through accounting problem sets that mimic professional applications. Data Analytics and Accounting module fosters career-readiness In partnership with the Business-Higher Education Forum (BHEF), the new WileyPLUS introduces students to an accounting-specific data analytics module with interactive lessons, case studies, and videos to help students develop the professional competencies they need to be successful in their future careers. Features Include: Adaptive Practice: Adaptive practice offers drill and practice focused on conceptual material and adapts based on individual students’ responses, ensuring students are building their confidence and continuing to engage with the course material. Interactive Tutorials: Interactive, voice-guided reviews of topics in each learning objective ensure students remain engaged with the material through simple self-assessment exercises. Pre-Built Homework Assignments: Each module contains pre-built homework assignments based on usage data. Instructors can quickly assign homework for students based on the most widely-assigned and completed problems, saving valuable time with course preparation. Chapter Overview Videos: Short videos of co-author Paul Kimmel introducing each chapter help set students up for success with the new concepts they will be learning. Paul often ends the videos with a personal experience working in an accounting firm or other related story to help students connect the content they’re learning to the real world.Excel Content and Videos: Students benefit from gaining basic Excel knowledge in the context of accounting that can be applied to their future course and careers. Real-World Financial Statements: Financial Reporting Problems and Comparative Analysis Problems are based on financial statements for companies including Apple, Amazon.com, and Louis Vuitton. Cookie Creations Continuing Problem: This continuing problem uses the business activities of a fictional company to help students apply financial accounting topics to a realistic entrepreneurial scenario. The Latest Accounting News: The weekly accounting updates keep you and your students up-to-date on the latest in accounting news stories. Each week, you’ll receive access to 3-5 news articles, video clips, business news stories, and more with discussion questions to bring financial accounting topics to life. 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. 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. 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. Accounting in Action The Recording Process Adjusting the Accounts Completing the Accounting Cycle Accounting for Merchandising Operations Inventories Fraud, Internal Control, and Cash Accounting for Receivables Plant Assets, Natural Resources, and Intangible Assets Liabilities Corporations: Organizations, Stock Transactions, and Stockholder’s Equity Statement of Cash Flows Financial Analysis: The Big Picture Appendix A. Specimen Financial Statements: Apple Inc.*Appendix B. Specimen Financial Statements: PepsiCo, Inc.*Appendix C. Specimen Financial Statements: The Coca-Cola Company*Appendix D. Specimen Financial Statements: Amazon.com, Inc.*Appendix E. Specimen Financial Statements: Wal-Mart Stores, Inc.*Appendix F. Specimen Financial Statements: Louis Vuitton*Appendix G. Time Value of Money*Appendix H. Reporting and Analyzing Investments*Appendix I. Payroll Accounting*Appendix J. Subsidiary Ledgers and Special Journals*Appendix K. Other Significant Liabilities* *Available in new WileyPLUS 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.