Introduction to Financial Accounting


Introduction to Financial Accounting



Mike Werner and Kumen Jones have crafted an exciting series of texts designed to meet the needs of those faculty and students who are eager to embrace a user perspective in first-year accounting. Introduction to Financial Accounting: A User Perspective, Third Edition, covers the essential topics of financial accounting. Rather than rote memorization, the text first introduces a concept framework that emphasizes understandingof how all employees use accounting information to make effective business decisions. Additional features include: *Optional Treatment of Debits and Credits. *Starting with Chapter 7, the authors include *optional appendices on debits and credits *at the ends of chapters to complement the material in stand-alone Chapter 6, "Accumulating Accounting Data." This material may be included or omitted at the discretion of each faculty member. *Annual Report Project Included in Assignment Material. *Faculty members can tailor the project to suit their needs by assigning all of it or selected parts. *NEW\u0017Fewer Chapters. *The financial portion of the text is now only 11 chapters. (Chapters 3 and 4 from the second edition are combined into a single Chapter 3 on the balance sheet.) *NEW\u0017Distinctive Presentation of Accounting Procedures (Chapter 6). *Part I describes each step of the accounting cycle. Part II introduces debits and credits and demonstrates each accounting cycle step from journalizing transactions to closing entries. *NEW\u0017Integration of Financial Topics. *Statement of Cash Flows and Key Financial Ratios are introduced now in Chapter 3 and are integrated throughout the text where appropriate. **In-depth coverage of the direct method of the statement of cash flows is moved to an appendix. **Financial statement analysis chapter presents charts for each of the 17 ratios calculated for P





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