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Published
November 2021
Page Count
782
ISBN (Digital)
978-1-4533-3945-9

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
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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).

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FlatWorld Homework

FlatWorld Homework includes multi-format questions written specifically for your FlatWorld book, which you can access through our stand-alone interface or integrate with your learning management system.

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Instructor’s Manual

The Instructor’s Manual guides you through the main concepts of each chapter and important elements such as learning objectives, key terms, and key takeaways. Can include answers to chapter exercises, group activity suggestions, and discussion questions.

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PowerPoint Lecture Notes

A PowerPoint presentation highlighting key learning objectives and the main concepts for each chapter are available for you to use in your classroom. You can either cut and paste sections or use the presentation as a whole.

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Test Generator - powered by Cognero

FlatWorld has partnered with Cognero, a leading online assessment system, that allows you to create printable tests from FlatWorld provided content.

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Test Bank Files for Import to Learning Management Systems

For your convenience, we've packaged our test items for easy import into Learning Management Systems like Blackboard, Brightspace/D2L, Canvas, Moodle, or Respondus.

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Solutions Manual

For exercises that need a little more explanation, our Solutions Manual will take you step by step through solving the problem and offer explanations on the answer.

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Test Item File

Need assistance in supplementing your quizzes and tests? Our test-item files (in Word format) contain many multiple-choice, fill-in-the-blank, and short-answer questions.

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Sample Syllabi

Sample syllabi provide useful templates to help new faculty adopters revise their teaching plans to match their assigned FlatWorld textbook or lend insights to existing adopters on how to organize their classes.

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Other Supplements

Flash Cards More than simple flash cards, adopters can download and share this robust study aid with students. These slides are keyed to discrete chapter sections and reinforce material just read. Many slides feature embedded audio files to further enhance the online study experience. These flash cards can be printed and used in paper form as well.

At FlatWorld, we take pride in providing a range of high-quality supplements alongside our titles, to help instructors teach effectively. Supplements are available for instructors who have registered their adoption with us. If you need to review or preview something specific, please contact us.

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Joe Ben Hoyle

University of Richmond

Joe Hoyle is an Associate Professor of Accounting at the Robins School of Business at the University of Richmond. In 2006, he was named by Businessweek as one of 26 favorite undergraduate business professors in the United States. In 2007, he was selected as the Virginia Professor of the Year by the Carnegie Foundation for the Advancement of Teaching and the Council for the Advancement and Support of Education. In 2009, he was judged to be one of the 100 most influential members of the accounting profession by Accounting Today. In 2015, he was the inaugural recipient of the J. Michael and Mary Anne Cook Prize, recognized for consistently demonstrating the attributes of a superior teacher in the accounting discipline at an undergraduate level. Hoyle earned his BA degree in accounting from Duke University and his MA degree in business and economics, with a minor in education, from Appalachian State University. Hoyle also has three decades of experience operating his own CPA (Certified Public Accountant) Exam review programs. In 2008, he created CPA Review for Free (http://www.CPAreviewforFREE.com), which provides thousands of free questions to help accountants around the world prepare for the CPA Exam.

C. J. Skender

University of North Carolina at Chapel Hill

C.J. Skender has received multiple teaching awards at the University of North Carolina's Kenan-Flagler Business School (10), at Duke University's Fuqua School of Business (5), and at North Carolina State University (5). He has been included among the outstanding Fuqua faculty in four editions of the Business Week Guide to the Best Business Schools. Skender also received the James M. Johnston Teaching Excellence Award at the University of North Carolina in 2005. His classes were featured in businessweek.com and sportsillustrated.cnn.com in 2006. Skender has served as a training consultant on three continents for Glaxo Wellcome, IBM, Nortel Networks, Paragon Trade Brands, Siemens, Starwood, and Wells Fargo. Skender holds academic degrees from Lehigh University and Duke University. He attended Lehigh on a basketball scholarship and graduated magna cum laude. He has attained eleven professional designations in accounting, financial planning, insurance, and management: CPA (Certified Public Accountant), CMA (Certified Management Accountant), CCA (Certified Cost Analyst), CIA (Certified Internal Auditor), ChFC (Chartered Financial Consultant), CLU (Chartered Life Underwriter), CFP (Certified Financial Planner), AIAF (Associate in Insurance Accounting and Finance), CFE (Certified Fraud Examiner), CFM (Certified in Financial Management), and CBM (Certified Business Manager).

Leah Kratz

Leah Kratz

James Madison University

Leah Kratz, CPA, MBA teaches a variety of accounting courses including financial, intermediate, cost, tax, and auditing. Leah earned her undergraduate degree in accounting at Eastern Mennonite University and her MBA at James Madison University. Her work experience includes public accounting and government work, including the Assistant Fiscal Director of Woodrow Wilson Rehabilitation Center for the Commonwealth of Virginia. Leah lives in Harrisonburg, VA with her husband, Jeremy and their four children, Madeleine, Sophia, Anderson, and Nolan. In her spare time Leah enjoys travel, cooking, working in her flowerbeds, reading, hiking, and biking.

Additions & Errata

2/16/22: chapter 7.2 (page 238), Net realizable value of Dell changed from $12.892 billion to $12.788 billion