Develop a strong foundation in financial accounting that prepares you for future study and success in business with "Financial Accounting," 18th Edition, by award-winning authors Warren/Jones/Tayler. This edition connects accounting concepts to the bigger picture, showing how the steps in the accounting cycle are interrelated and how accounting plays a critical role in business success. Chapter-opening features demonstrate how content fits within the overall framework. New content integrates coverage of AI and data analytics, while online appendices offer optional topics for study. CNOWv2 offers an interactive learning experience that bridges the gap between content, homework and exam performance to master essential accounting skills. The text features updated, real-world examples, data analytics activities using Excel and Tableau and interactive online resources.
1. Introduction to Accounting and Business.
2. Analyzing Transactions.
3. The Adjusting Process.
4. The Accounting Cycle.
Appendix 1: End-of-Period Spreadsheet.
Appendix 2: Statement of Cash Flows for NetSolutions.
5. Accounting for Merchandising Businesses.
Appendix 1: Sales Discounts.
Appendix 2: The Periodic Inventory System.
6. Inventories.
Appendix: Estimating Inventory Cost.
7. Internal Control and Cash.
8. Receivables.
9. Long-Term Assets: Fixed and Intangible.
Appendix: Exchanging Similar Fixed Assets.
10. Liabilities: Current, Installment Notes, and Contingencies.
11. Liabilities: Bonds Payable.
Appendix 1: Present Value Concepts and Pricing Bonds Payable.
Appendix 2: Effective Interest Rate Method of Amortization.
12. Accounting for Partnerships and Limited Liability Companies.
13. Corporations: Organization, Stock Transactions, and Dividends.
14. Statement of Cash Flows.
Appendix 1: Spreadsheet (Worksheet) for Statement of Cash Flows – The Indirect Method.
Appendix 2: Preparing the Statement of Cash Flows – The Direct Method.
15. Financial Statement Analysis.
Appendix A: Present Value Tables.
Appendix B: Selected Topics.
Topic 1: Investments.
Topic 2: Evaluating Decentralized Operations.
Topic 3: The Balanced Scorecard.
Appendix C: Nike Inc. Annual Report (10-K).
Glossary.
Index.
Online Appendices.
O-1: Special Journals and Subsidiary Ledgers.
O-2: Reversing Journal Entries.
O-3: Reporting Unusual Items and Comprehensive Income.
O-4: Revenue Recognition.
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Carl S. Warren
Dr. Carl S. Warren is professor emeritus of accounting at the University of Georgia, Athens. For more than 25 years, Dr. Warren has taught all levels of accounting courses with a primary focus on introductory of accounting and auditing. Dr. Warren has taught classes at the University of Iowa, Michigan State University and the University of Chicago. He received his Ph.D. from Michigan State University and his B.A.A. and M.A. from the University of Iowa. During his career, Dr. Warren published numerous articles in professional journals, including The Accounting Review, Journal of Accounting Research, Journal of Accountancy, The CPA Journal and Auditing: A Journal of Practice and Theory. Dr. Warren’s outside interests include handball, backpacking, skiing, hiking, fly-fishing and golf. He also spends as much time as possible visiting with his five grandchildren (two sets of twins). Dr. Warren resides in Bozeman, Montana.
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Jefferson P. Jones
Jefferson P. Jones is the PricewaterhouseCoopers associate professor of accounting at Auburn University. He received his bachelor's and master of accountancy degrees from Auburn University and his PhD in accounting from Florida State University. While earning his CPA, he worked for Deloitte & Touche. He has received numerous teaching awards, including the Outstanding Master of Accountancy Professor Award, the Beta Alpha Psi Outstanding Teaching Award (six times), the Auburn University College of Business McCartney Teaching Award, and the Auburn University School of Accountancy Teaching Award. In addition to writing an intermediate accounting text, he has published articles in Advances in Accounting, Review of Quantitative Finance and Accounting, Issues in Accounting Education, International Journal of Forecasting, The CPA Journal, Managerial Finance, Journal of Accounting and Finance Research and The Journal of Corporate Accounting and Finance. Jones has made numerous presentations around the country on research and pedagogical issues. He is a member of the American Accounting Association (AAA), the American Institute of Certified Public Accountants (AICPA), and the Alabama Society of CPAs (ASCPA).
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William B. Tayler
William B. Tayler is the Robert J. Smith Professor of Accountancy in the Marriott School of Business at Brigham Young University. Dr. Tayler is an internationally renowned, award winning accounting teacher and researcher.
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Take It Further data analytics cases for every chapter require students to analyze and develop reports in CNOWv2 using Excel and Tableau.
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Artificial Intelligence (AI) has been integrated throughout the text by adding AI-focused Business Insight features showing AI applications and how AI is used by business professionals.
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What Would You Do?/What They Did features help students think about how to apply each chapter’s content to real-world business scenarios versus how businesses actually applied these concepts.
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Analysis for Decision Making sections and Make a Decision homework activities use real companies to emphasize how businesses use accounting information to make decisions.
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Each chapter begins with a new Why Is This Important? feature, which explains the importance of the chapter’s content to students’ daily lives and future careers.
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An updated schema, or concept roadmap, illustrates what students are going to learn and how it is connected to the big picture of financial accounting concepts.
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Author-written end-of-chapter materials and a thorough verification process using dedicated subject matter experts ensure content accuracy for you and your students.
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This product's presentation style appeals to the way your students learn best by using short paragraphs, concise bullets, stepwise progression and meaningful Illustrations.
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