Financial Accounting, 13th edition

Published by Pearson (October 15, 2021) © 2022

  • C William Thomas Baylor University
  • Wendy M. Tietz Kent State University

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In this eTextbook — More ways to learn

  • More flexible. Start learning right away, on any device.
  • More supportive. Get AI explanations and practice questions (select titles).
  • More interactive. Bring learning to life with audio, videos, and diagrams.
  • More memorable. Make concepts stick with highlights, search, notes, and flashcards.
  • More understandable. Translate text into 100+ languages with one tap.

In this eTextbook — More ways to learn

  • More flexible. Start learning right away, on any device.
  • More supportive. Get AI explanations and practice questions (select titles).
  • More interactive. Bring learning to life with audio, videos, and diagrams.
  • More memorable. Make concepts stick with highlights, search, notes, and flashcards.
  • More understandable. Translate text into 100+ languages with one tap.

Title overview

Accounting is the language of business and understanding the role accounting plays in business is critical to success in this field. Financial Accounting provides a solid foundation in the fundamentals of accounting and basics of financial statements. It then builds upon that groundwork by offering more challenging concepts and problems. This scaffolded approach helps you to better understand and analyze financial info and see its significance within a real-world context.

The 13th Edition features author-created videos, reader-friendly examples, turnkey cases, and the award-winning Accounting in the Headlines blog. Together, they help you grasp the practical concepts of accounting, so that you can apply them in both your course and career.

Table of contents

1. The Financial Statements
2. Transaction Analysis
3. Accrual Accounting and Income
4. Internal Control and Cash
5. Receivables and Revenue
6. Inventory and Cost of Goods Sold
7. Plant Assets, Natural Resources, and Intangibles
8. Current and Contingent Liabilities
9. Long-Term Liabilities
10. Stockholders' Equity
11. The Statement of Cash Flows
12. Financial Statement Analysis

APPENDICES

A. Apple Inc. Annual Report 2016
B. Typical Charts of Accounts for Different Types of Businesses
C. Summary of Generally Accepted Accounting Principles (GAAP)
D. Summary of Differences Between US GAAP and IFRS Cross Referenced to Chapter
E. Investments
F. Time Value of Money

Author bios

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