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Financial Accounting: Tools for Business Decision Making, with Annual Report, 3rd Edition
Paul D. Kimmel,
Univ. of Wisconsin–Milwaukee
Jerry J. Weygandt,
Univ. of Wisconsin
Donald E. Kieso,
Emeritus, Northern Illinois Univ.
ISBN: 978-0-471-41578-7
©2004
832 pages
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New to This Edition
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Use of cash flow statement as an analytical tool is expanded in two ways:
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Effect of transactions on cash flow is now shown throughout the book as part of the marginal accounting equation graphic. This helps reinforce students' understanding of the difference between cash effects and accrual accounting.
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Cash-flow statement analysis is integrated in the debt chapter, equity chapter, and plant assets chapter. This helps increase students' familiarity with the statement of cash flows and helps them differentiate between operating, investing, and financing activities.
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Much of the periodic inventory coverage has been moved from Chapter 6 to Chapter 5 to even out coverage and difficulty.
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Debt chapter (Ch. 10) is revised for greater flexibility.
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Chapter 12 from the previous edition has been removed and replaced with an end-of-book Appendix D on Reporting and Analyzing Investments, for greater flexibility.
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Final chapter (now Ch. 13) is revised to focus on Performance Measurement/Quality of Earnings. Summary and full discussion of ratios covered in prior chapters has been moved into an appendix to this chapter for greater flexibility.
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Navigator pedagogy added throughout chapter.
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Many new Ethics Cases and Business Insight: Ethics Perspective boxes have been added throughout the book.
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Includes additional Questions, Brief Exercises, and Exercises, as well as additional user Problems and significantly more A and B Problems.
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Marginal check figures have been added to Problems, to help students know if they are on the right track.
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New Interpreting Financial Statements problems in the Broadening Your Perspective section give students practice in analyzing ratios.
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New references to real companies, and new brief exercises, exercises, and problems use real-company data.
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