Financial Accounting, 5th Edition provides students with an understanding of fundamental concepts necessary to use accounting effectively. Starting with a macro view of accounting information, the authors present real financial statements. They establish how a financial statement communicates the financing, investing, and operating activities of a business to users of accounting information. Kimmel, Weygandt and Kieso motivate students by grounding the discussion in the real world, showing them the relevance of the topics covered to their future.



This bestselling book has helped countless readers advance in their careers by gaining a practical set of skills and the confidence needed to use those skills effectively in making business decisions



The goal of Financial Accounting : Tools for Business Decision Making, has always been to introduce students to accounting in a way that demonstrates the importance of accounting to siciety and the relevance of accounting to their future careers. In the new fifth edition, the authors continue this tradition.



Table of Contents:



1. Introduction to financial statements

2. A Further look at financial statements

3. The accounting information system

4. Accrual accounting concepts

5. Merchandising operations and the multi-step income statement

6. Reporting and analyzing inventory

7. Fraud, internal control, and cash

8. Reporting and analyzing receivables

9. Reporting and analyzing long-lived assets

10. Reporting and analizing liabilities

11. Reporting and analyzing stockholders' equity

12. Statement of cash flows

13. Financial analysis : The big picture



appendixes

A. Specimen financial statements : Tootsie Roll Industries, Inc.

B. Specimen financial statements : Hersey Foods Corporations

C. Time value of money

D. Reporting and analyzing investments