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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 future accounting courses. The authors made data driven revisions focusing on where students were struggling and updated content accordingly. Updates have also been made to the high-quality end of chapter problems and real-world examples.
Ch. 2 Basic Financial Statements
Ch. 3 The Accounting Cycle: Capturing Economic Events
Ch. 4 The Accounting Cycle: Accruals and Deferrals
Ch. 5 The Accounting Cycle: Reporting Financial Results
COMPREHENSIVE PROBLEM 1: Susquehanna Equipment Rentals
Ch. 6 Merchandising Activities
Ch. 7 Financial Assets
Ch. 8 Inventories and the Cost of Goods Sold
COMPREHENSIVE PROBLEM 2: Music-Is-Us, Inc.
Ch. 9 Plant and Intangible Assets
Ch. 10 Liabilities
Ch. 11 Stockholders' Equity: Paid-In Capital
COMPREHENSIVE PROBLEM 3: Mountain Sports, Inc.
Ch. 12 Revenue Recognition and Reporting Results of Operations
Ch. 13 Statement of Cash Flows
Ch. 14 Financial Statement Analysis
COMPREHENSIVE PROBLEM 4: Home Depot, Inc.
Ch. 15 Global Business and Accounting
APPENDIX A: Home Depot 2018 Financial Statements
APPENDIX B: The Time Value of Money
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