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Overview
Rich/Jones/Myers' FINANCIAL ACCOUNTING, 6th Edition, allows instructors to focus on why accounting matters and help students understand the relationship between accounting, financial statements and business decisions. Fundamental concepts are embedded in the reading, emphasizing the skill of reading and interpreting a company's annual report. The book's distinctive pedagogy guides readers through the basics quickly and independently, allowing instructors to focus class time on the use of accounting information in real-world companies. Real-world application leads to a more engaging class and prepares students for long-term professional success regardless of their major. The online learning platform CNOWv2 provides key practice opportunities with auto-graded assignments, detailed feedback, Excel Online activities and a vast video library to help students when they need it most.
- AUTHOR TOPIC VIDEOS. Author Jay Rich created a series of videos that review pivotal topics in each chapter. These videos are designed to supplement the book and provide students with an engaging way to help them understand complex concepts or gain an alternative perspective. Additionally, they can be assigned prior to class to prepare students for discussion and participation.
- DATA ANALYTICS SKILL BUILDERS. This collection of interactive activities in CNOWv2 introduces students to data analytics. Activities are tied to textbook topics and combine content and process. Students perform calculations in Excel, using functions like pivot tables to work with large data sets and solve accounting-related questions.
- UPDATED RESOURCES ON COMPANY ANNUAL REPORTS AND FORM 10-K. This supplement introduces students to the contents of the annual report (Form 10-K). It also describes the information found in each section of the 10-K as well as information contained in ESG reports.
- ANNUAL REPORT PROBLEMS. A library of author-created and algorithmic annual report problems allows students to use company’s Form 10-Ks and gain experience with real-world annual reports.
- KEY HOMEWORK AND STUDY RESOURCES IN CNOWv2. This online learning platform is designed to take students beyond homework. CNOWv2 prepares students for the real world with hands-on exercises and assessment carefully created to build experience and skills.
- CHAPTERS OPEN WITH AN EXPERIENCE-DRIVEN FINANCIAL ACCOUNTING VIGNETTE. These engaging vignettes highlight how real companies like Apple, Verizon or Disney, use accounting information to make stronger decisions. Real financial statements from leading, familiar companies illustrate key concepts. Each chapter includes an assignment that requires students to analyze and interpret actual financial data for companies, such as Vail Properties and Callaway Golf.
- FOCUS ON IMPORTANT RELATIONSHIPS BETWEEN ACCOUNTING, FINANCIAL STATEMENTS AND BUSINESS DECISIONS IN A REAL-WORLD CONTEXT. With earlier introduction to detailed financial statements (e.g., classified balance sheet, multiple step income statement), students can start reading, analyzing and using actual annual reports (Form 10Ks) earlier. This is enhanced with a supplement on “How to Read an Annual Report” that describes the contents of a Form 10-K and reinforced with algorithmic Annual Report Problems that require students to use actual information from company’s 10Ks.
- DATA ANALYTICS. Data analytics is integrated into the first chapter at an introductory level. Students will learn what data analytics is and how it can be used to answer accounting questions. Data Analytics Skill Builders accompany each chapter in CNOWv2 to help students begin to develop this essential skill.
- "ETHICAL DECISIONS" TEACH READERS TO MAKE INFORMED ETHICAL CHOICES. To succeed in today's business climate, students must know how to analyze business situations thoughtfully and make informed, ethical decisions. This edition weaves "Ethical Decisions" features into each chapter to encourage students to develop these essential skills. Students learn to consider the ethical implications of their actions in every situation.
1s. Reading a Company’s Annual Report (Form 10-K).
2. The Accounting Information System.
3. Accrual Accounting.
Making the Connection, Integrative Exercise: The Accounting Cycle.
4. Internal Control and Cash.
5. Sales and Receivables.
6. Cost of Goods Sold and Inventory.
7. Operating Assets.
Making the Connection, Integrative Exercise: Integrated Asset Accounting.
8. Current and Contingent Liabilities.
9. Long-Term Liabilities.
10. Stockholders' Equity.
Making the Connection, Integrative Exercise: Integrating Accounting for Liabilities and Equity.
11. The Statement of Cash Flows.
12. Financial Statements Analysis.
Appendix 1: Investments.
Appendix 2: Time Value of Money.
Appendix 3: International Financial Reporting Standards.
Appendix 4: Financial Statement Information: The Kroger Co.
Appendix 5: Financial Statement Information: Sprouts Farmers Market.
Glossary.
Check Figures.
Index.