Financial Accounting
Version 3.1
By Joe Ben Hoyle, C. J. Skender, and Leah Kratz
Included Supplements
Key Features
- Employs carefully constructed questions and answers to stimulate critical thinking skills and cover standard topics in a logical sequence.
- A total of 105 author-recorded videos to introduce or explain key concepts. Each chapter is introduced by a short video recorded by one of the authors and followed by a conversational, but professional authorial voice. Additional videos are sprinkled throughout when key concepts are introduced.
- Periodic multiple-choice (“Test Yourself”) questions integrated throughout encourage learners to pause and confirm they are understanding the material.
- Each chapter includes a discussion with a successful investment analyst to provide an open and honest assessment of a key topic based on a real-world perspective.
- Periodic interviews with a partner from a large, international accounting firm provide insights into how international practices may influence U.S. standards and procedures.
- Chapter-ending video summaries encourage students to prioritize what they have learned from the chapter in the form of a “top-five” list.
Students
- Online Access Price
- $36.95
- Color Printed Textbook with Online Access Price
- $63.95
Financial Accounting, Version 3.1 is suitable for financial accounting courses at the undergraduate or MBA levels.
Financial Accounting leverages an effective question-and-answer format to structure the narrative and engage students in a practical, Socratic form of learning. Carefully developed to follow the standard scope and sequence of the typical financial accounting course, this textbook encourages students to think like accountants, rather than simply memorizing operations. Learners are exposed to the basic principles of financial accounting while also developing an appreciation for its importance and logic so they can make prudent business decisions.
New in This Version
New in This Version
- Updates to all real-world examples
- Added 36 new videos recorded by Joe Hoyle. These new videos walk the reader through the worked-out solutions for in-text examples.
Reflects recent updates to Version 3.0
- New chapter-opening videos recorded by Leah Kratz.
- Many of the real-world case examples that bring the book to life are refreshed or replaced.
- Revised and increased the number of end-of-chapter items, culled dated questions, and generally upgraded item quality.
- Updated coverage conforms to changes in the U.S. GAAP (e.g. revenue recognition, lease accounting, and equity marketable securities held for sale).
- About the Authors
- Acknowledgments
- Preface
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Chapter 1: What Is Financial Accounting, and Why Is It Important?
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Chapter 2: What Should Decision Makers Know in Order to Make Good Decisions about an Organization?
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Chapter 3: How Is Financial Information Delivered to Decision Makers Such as Investors and Creditors?
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Chapter 4: How Does an Organization Accumulate and Organize the Information Necessary to Create Financial Statements?
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Chapter 5: Why Is Financial Information Adjusted Prior to the Production of Financial Statements?
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Chapter 6: Why Should Decision Makers Trust Financial Statements?
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Chapter 7: In Financial Reporting, What Information Is Conveyed about Receivables?
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Chapter 8: How Does a Company Gather Information about Its Inventory?
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Chapter 9: Why Does a Company Need a Cost Flow Assumption in Reporting Inventory?
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Chapter 10: In a Set of Financial Statements, What Information Is Conveyed about Property and Equipment?
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Chapter 11: In a Set of Financial Statements, What Information Is Conveyed about Intangible Assets?
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Chapter 12: In a Set of Financial Statements, What Information Is Conveyed about Investments?
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Chapter 13: In a Set of Financial Statements, What Information Is Conveyed about Current and Contingent Liabilities?
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Chapter 14: In a Set of Financial Statements, What Information Is Conveyed about Noncurrent Liabilities Such as Bonds?
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Chapter 15: In a Set of Financial Statements, What Information Is Conveyed about Other Noncurrent Liabilities?
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Chapter 16: In a Set of Financial Statements, What Information Is Conveyed about Shareholders’ Equity?
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Chapter 17: In a Set of Financial Statements, What Information Is Conveyed by the Statement of Cash Flows?
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Appendix A: Present Value Tables
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Appendix B: Summary of Ratios and Financial Indicators
FlatWorld Homework
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Instructor’s Manual
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PowerPoint Lecture Notes
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Solutions Manual
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Test Item File
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Additions & Errata
2/16/22: chapter 7.2 (page 238), Net realizable value of Dell changed from $12.892 billion to $12.788 billion