Financial Accounting with International Financial Reporting Standards, 5th Edition

Financial Accounting with International Financial Reporting Standards,
5th Edition

By Jerry J. Weygandt, Paul D. Kimmel and Donald E. Kieso

SINGLE-TERM
 
$76.95  USD | $109.95  CAN

Maximize understanding and prepare students for future learning and careers in accounting and business. Financial Accounting with International Financial Reporting Standards, Eighth Edition enhances its focus on real-world decision-making processes with data analytics and insights while retaining the pedagogy on which users have come to rely. Updated international financial reporting standards, thorough coverage of procedures, early introduction of the Accounting Cycle from a corporate perspective, and robust assignment content provide a solid foundation for learning the essential concepts, techniques, and methods of financial accounting.

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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.

Help students understand the importance of sustainability and corporate Environmental, Social, and Governance (ESG) reporting with ESG Insights and ESG Reporting Cases that help students conceptualize current reporting practices.

Introduce students to business challenges with Real-World Company Videos that feature small businesses and larger companies and illustrate how business owners apply accounting concepts in real-time.

Guide students through chapter content and topics with Interactive Tutorial Assignments that include videos that illustrate examples and support learning objectives.

Cultivate the data analytics and problem-solving skills students need for career success.

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.

Provide students with the opportunity to see how to use data analytics to solve realistic business challenges with Data Analytics in Action:

Help students interpret visualizations and think critically about data with PowerBI and Tableau Visualizations, accompanied by assignable questions.

Developing problem-solving skills with Excel-Based Data Analytics Problems supported with step-by-step video guidance, students build key skills while enhancing their understanding of important business concepts.

Gradable Excel Assignments with enhanced functionality provide an opportunity to practice Excel skills in the context of solving chapter accounting problems in a real Microsoft Excel worksheet

Content Changes

  • Enhanced discussions within the accounting cycle chapters, to ensure maximum student understanding.
  • Added and Updated illustrations throughout offer visualization of accounting concepts and increase student engagement.
  • NEW Environmental, Social, and Governance (ESG) Insights, and critical-thinking cases, highlight the growing importance of sustainability reporting.
  • NEW Analytics in Action end-of-chapter section, with data visualization discussion and assessment.
  • NEW Data Analytics Insight boxes, highlighting the use of data analytics by real-world companies.
  • NEW chapter discussions of data analytics, at the appropriate level for introductory accounting students.
  • Data Analytics Module, with interactive lessons, case studies, and videos help develop the professional competencies needed for career success.
  • Updated discussions throughout for the use of latest developments and recent technology, e.g., cloud computing.
  • More Do Its at the end of key subsections to help students assess their understanding.
  • New real-world company examples to increase student engagement.
  • Highlighted key information and computations using bulleted and numbered lists.
  • Added Answers to Insight and Accounting Across the Organization Questions at the end of chapter.

Jerry J. Weygandt, PhD, CPA, is Arthur Andersen Alumni Emeritus Professor of Accounting at the University of Wisconsin-Madison. He holds a PhD in accounting from the University of Illinois. Articles by Professor 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. Professor Weygandt is 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 also has 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 FASB task force that examined the reporting issues related to accounting for income taxes and served as a trustee of the Financial Accounting Foundation. Professor 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, Ph.D., CPA, received his bachelor’s degree from the University of Minnesota and his doctorate in accounting from the University of Wisconsin. He is a Senior Lecturer at the University of Wisconsin-Madison and was an Associate Professor at University of Wisconsin – Milwaukee. 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 has public accounting experience with Deloitte & Touche (Minneapolis) and was 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 ReviewAccounting HorizonsAdvances in Management AccountingManagerial FinanceIssues in Accounting EducationJournal of Accounting Education, and in other journals. He has authored a number of introductory accounting textbooks, and published papers and given numerous talks on issues related to accounting education.

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, and 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.

 

CHAPTERS
1 Accounting in Action
2 The Recording Process
3 Adjusting the Accounts
4 Completing the Accounting Cycle
5 Accounting for Merchandising Operations
6 Inventories
7 Fraud, Internal Control, and Cash
8 Accounting for Receivables
9 Plant Assets, Natural Resources, and Intangible Assets
10 Liabilities
11 Corporations: Organization, Stock Transactions, and Stockholders’ Equity
12 Statement of Cash Flows
13 Financial Analysis: The Big Picture
APPENDICES
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: Walmart Inc.
APPENDIX F Time Value of Money
APPENDIX G Reporting and Analyzing Investments
APPENDIX H Payroll Accounting
APPENDIX I Subsidiary Ledgers and Special Journals
APPENDIX J Accounting  for Partnerships
APPENDIX K Other Significant Liabilities

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