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Full Description
While many texts characterize themselves as having either a "user" approach or a "preparer" approach, Williams, "Financial Accounting", is written for faculty who want to strike a balance between these approaches. Business majors will find relevance in the "Management Strategy," "Your Turn" and "Case in Point" boxes throughout the chapters while accounting majors will receive a firm grounding in accounting basics that will properly prepare them for their intermediate accounting course. Perhaps the most important new feature is the online companion, "My Mentor". This text-specific online resource uses video clips, animated graphics and Excel templates to demonstrate accounting concepts, expressing accounting visually. This solves a problem that many introductory students have in accounting: It allows them to link concepts and numbers together in a interactive rather than print environment.
Contents
Chapter 1 AccountingFinancial Statements Chapter 3 The Accounting Cycle: Capturing Economic Events Chapter 4 The Accounting Cycle: Accruals and Deferrals Chapter 5 The Accounting Cycle: Reporting Financial Results Comprehensive Problem 1 West Branch Rent ALL Chapter 6 Merchandising Activities Chapter 7 Financial Assets Chapter 8 Inventories and the Cost of Goods Sold Comprehensive Problem 2 Guitar Universe, Inc. Chapter 9 Plant and Intangible Assets Chapter 10 Liabilities Chapter 11 Stockholders' Equity: Paid-In Capital Chapter 12 Income and Changes in Retained Earnings Chapter 13 Statement of Cash Flows Chapter 14 Financial Statement Analysis Comprehensive Problem 3 Tootsie Roll Industries, Inc. Chapter 15 Global Business and Accounting Appendix A 2000 Tootsie Roll Annual Report Appendix B The Time Value of Money: Future Amounts and Present Values Appendix C Forms of Business Organization Check Figures
