Financial Accounting
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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 “Ethics, Fraud & Corporate Governance,” “Your Turn” and “Case in Point” boxes throughout the chapters while accounting majors will receive a firm grounding in accounting basics that will prepare them for their intermediate course. A unique feature is the multimedia companion, My Mentor. This text-specific technology resource (available free on the book’s website) uses video clips, animated graphics, PowerPoints and Excel templates to demonstrate accounting concepts visually. This allows students to link concepts and numbers together in an interactive rather than print environment.
Chapter 1: Accounting: Information for Decision MakingChapter 2: Basic Financial StatementsChapter 3: The Accounting Cycle: Capturing Economic EventsChapter 4: The Accounting Cycle: Accruals and DeferralsChapter 5: The Accounting Cycle: Reporting Financial ResultsComprehensive Problem 1: Susquehanna Equipment RentalsChapter 6: Merchandising ActivitiesChapter 7: Financial AssetsChapter 8: Inventories and the Cost of Goods SoldComprehensive Problem 2: Guitar Universe, Inc.Chapter 9: Plant and Intangible AssetsChapter 10: LiabilitiesChapter 11: Stockholders' Equity: Paid-in CapitalComprehensive Problem 3: McMinn Retail, Inc.Chapter 12: Income and Changes in Retained EarningsChapter 13: Statement of Cash FlowsChapter 14: Financial Statement Analysis Comprehensive Problem 4: Home Depot, Inc. Chapter 15: Global Business and AccountingAppendix A: 2007 Home Depot Financial StatementsAppendix B: The Time Value of Money: Future Amounts and Present Values
