Financial Accounting,4th Edition




Financial Accounting,4th Edition

■ Financial Accounting,4th Edition

■ Authors : J. David Spiceland, Wayne M Thomas, Don Herrmann

■ Pub Date : 2015.11.10 /   Copyright : 2016 

■ 752 Page /  McGraw-Hill International Edition

■ 정가 43,000원

■ ISBN : 978-1-259-25111-5

■ About the Authors

J. David Spiceland

David Spiceland is professor of accounting at the University of Memphis, where he teaches intermediate accounting and other financial accounting courses at the undergraduate and master's levels. He received his BS degree in finance from the University of Tennessee, his MBA from Southern Illinois University, and his PhD in accounting from the University of Arkansas.

Wayne Thomas

Wayne Thomas is the John T. Steed Chair in Accounting at the University of Oklahoma, where he teaches Introductory Financial Accounting to nearly 600 students per year. He received his bachelor’s degree in accounting from Southwestern Oklahoma State University, and his master’s and PhD in accounting from Oklahoma State University.

Don Herrmann

Don Herrmann is the Arthur Andersen Professor of Accounting at Oklahoma State University where he teaches financial accounting, intermediate accounting, and a doctoral-level course in financial accounting research. He received his bachelor’s degree in business from John Brown University, his master’s degree in accounting from Kansas State University, and his PhD in accounting from Oklahoma State University.

■  About the book

Don’t you love those moments in your course when students are fully engaged? When the “Aha!”revelations are bursting like fireworks? David Spiceland, Wayne Thomas, and Don Herrmann have developed a unique set of materials based directly on their collective years in the classroom. They’ve brought together best practices like highlighting Common Mistakes, offering frequent Let’s Review exercises, integrating the course with a running Continuing Problem, demonstrating the relevance of the course with real-world companies and decision analysis, and communicating it all in a student-friendly conversational writing style. After the proven success of the first three editions of Financial Accounting, we are confident that the fourth edition will not only motivate,engage, and challenge students―it will illuminate the financial accounting course like never before.


■ Table of Contents

Chapter 1: A Framework for Financial Accounting
Chapter 2: The Accounting Cycle: During the Period
Chapter 3: The Accounting Cycle: End of the Period
Chapter 4: Cash and Internal Controls
Chapter 5: Receivables and Sales
Chapter 6: Inventory and Cost of Goods Sold
Chapter 7: Long-Term Assets
Chapter 8: Current Liabilities
Chapter 9: Long-Term Liabilities
Chapter 10: Stockholders' Equity
Chapter 11: Statement of Cash Flows
Chapter 12: Financial Statement Analysis
Appendix A: American Eagle Outfitters, Inc., 2014 Annual Report A-1
Appendix B: The Buckle, Inc., 2014 Annual Report B-1
Appendix C: Time Value of Money  C-1
Appendix D: Investments  D-1
Appendix E: International Financial Reporting Standards E-1
Index  I-1
Future Value and Present Value Tables  P-1
Summary of Ratios Used in This Book  S-1
Framework for Financial Accounting  S-2
Representative Chart of Accounts S-3

■ New features

● McGraw-Hill Connect Accounting features available for Spiceland, Financial Accounting 4e include:
● Improvements to Intelligent Response Technology, Connect Accounting's student interface for end-of-chapter assessment content.
● Fifteen New General Ledger Problems have been added to the current offering, including some Great Adventures questions in this format. General Ledger Problems that were previously in Connect only, are also now available in the text.
● New Auto-Graded Excel Simulations covering financial accounting topicse. These questions allow students to practice their Excel skills within Connect assignments using relevant accounting functions and activities. Assistance is provided on Excel basics so that instructors don’t have to teach students Excel, and provide feedback to students.
● Insight provides instructors with a visual analytics dashboard that allows them to provide meaningful guidance to students.

● Redesigned SmartBook, the most widely used intelligent adaptive learning resource. It is still the first and only adaptive reading experience available today. SmartBook personalizes content for each student in a continuously adapting and engaging reading experience. Students are more likely to master and retain important concepts, coming to class better prepared, and are more likely to retain knowledge, stay in class and get better grades.
● The Smartbook App makes it possible for students to utilize this tool on their portable devices.
● Updated content to reflect latest FASB pronouncements including terminology related to the upcoming changes in Revenue Recognition and Inventory.
● Staying true to our learning science approach, usage data from Connect and Smartbook were utilized to shape the revisions to the 4th edition. The focus of this text goes far beyond financial accounting. The authors are focused on  creating future business leaders  by incorporating the following:
● Building Student Interest
● Helping Students Become Better Problem Solvers
● Fostering Decision Making and Analysis Skills
● Using Technology to Enhance Learning
● Over 400 new test bank questions were added, including both multiple choice and computational questions.
● Exercise Presentation PowerPoints allow instructors to access the powerpoint slides used to create Connect Accounting’s Guided Examples available via the Connect Accounting Library tab. New student-facing powerpoints include Concept Checks that help test students' comprehension during the lecture.
● Added content and new illustrations in Chapters 1-3 to build students' understanding of the framework of financial accounting and the accounting cycle activities during the year versus the end of the year.
● Additional Accounting Cycle Problems were added to Chapter 3 and to the later topical Chapters 5-10. Students can see how more advanced transactions related to receivables, inventory, depreciable assets, current and long-term liabilities, and equities work through an entire accounting cycle.
● Revised Chapter 9 on long-term liabilities to first discuss installment notes (like car loans or home loans), leases, and an overview of bonds for instructors that prefer less detailed coverage of bonds. A detailed coverage of bonds is also provided later in the chapter for instructors that prefer a more in-depth coverage of bonds payable.
● Revised Chapter 12 to eliminate the discussion of extraordinary items in accordance with a recent FASB standard.
● Revised illustrations in the new edition to continue to offer clear and visual learning tools for students.

■ Key Features

● Interactive Illustrations provide online explanations of key illustrations in the chapter, walking students step-by-step through the illustration, to deepen students' understanding of the concept or the calculation shown. Available via embedded eBook links and Connect Accounting Library tab-chapter dropdown menu.
● Added a heading (in the form of a question) to each IFRS box in the chapters.
● McGraw-Hill Connect Accounting features
● Interactive Presentations
● Smartbook's adaptive learning system ensures students are learning faster, studying more efficiently, and retaining more knowledge. It pinpoints concepts the student does not understand and maps out a personalized study plan for success. Based on students' self-diagnoses of their proficiency, Smartbook intelligently provides students with a series of adaptive questions. This provides students with a personalized one-on-one tutor experience.
● Intelligent Response Technology continues to provide students with a general journal application that looks and feels more like what you would find in a general ledger software, while ensuring that students can demonstrate learning without too much guidance.
● Guided Examples
● Conversational Writing Style The authors took special care to write a textbook that fosters a friendly dialogue between the text and each individual student. The tone of the presentation is intentionally conversational - creating the impression of speaking with the student, as opposed to teaching to the student.
● Common Mistakes boxes highlight mistakes made by financial accounting students throughout each of the chapters. With greater awareness of the pitfalls the average student will find in their first accounting class, students can avoid making the same mistakes and gain a deeper understanding of the chapter material.
● The Flip Side feature demonstrates how various transactions are viewed by each participant. Including the “flip side” of a transaction ' in context ' enhances the student’s understanding of both the initial and the related transaction. Selected homework in the end-of-chapter materials also includes the Flip Side transactions for students to reinforce their understanding of this concept.
● Continuing Problem The story of Great Adventures progresses from chapter to chapter, encompassing the accounting issues of each new chapter as the story unfolds. This progressive problem allows students to see how each chapter’s topics can be integrated into the operations of a single company.
● Decision Maker's Perspective Each chapter includes one or more distinctive Decision Maker's Perspective sections, which offer insights into how the information discussed in the chapters affects decisions made by investors, creditors, managers, and others. Each chapter also contains Decision Points highlighting specific decisions in the chapter that can be made using financial accounting information. This feature competes directly with Kimmel's Decision Toolkit.
● The Additional Perspectives section of each chapter offers cases and activities designed to allow students to apply the knowledge and skills they’ve learned to real, realistic, or provocative situations. Ethical Dilemmas are included in each of these activities to ensure that ethics are being addressed regularly.
● Let's Review exercises provide a mid-chapter exercises that provided a more comprehensive and meaningful review of key chapter segments.
● Real World Focus Students learn best when they see how concepts are applied in the real world. For that reason, real-world examples from companies, such as Dell and Apple, are used extensively and routinely to enhance the presentation. The real-world focus adds realism to discussions and serves as the foundation for exercises, problems, and cases.
● Strong Supplements Package The authors write all of the major supplements for Financial Accounting, including the Testbank, Solutions Manual, and Instructor’s Manual. With iPod material, narrated PowerPoints, online quizzing, Working Papers, Excel templates and QuickBooks templates integrated into the end-of-chapter material, Spiceland, Financial Accounting provides the cutting-edge technology demanded by today’s accounting instructors and students.
● Unique End-of-Chapter Cases The Additional Perspectives section of each chapter offers the most distinctive variety of case material available in financial accounting textbooks. Cases and activities are designed to allow students to apply the knowledge and skills they’ve learned in provocative, real or realistic situations. Each chapter offers an engaging mix of activities and opportunities to perform real-world financial accounting analysis.
● The Inventory (6) chapter focuses only on the perpetual system. Appendix A, “Recording Inventory Transactions Using a Periodic System.” In this appendix, journal entries for periodic and perpetual appear side-by-side
● The same content development editor (Ann Torbert, director of development) who edited Kimmel’s Financial Accounting worked closely with the authors on every line, every illustration and every problem to ensure we have market-leading material in every chapter.
● IFRS boxes appear in select chapters and marginal notes are in the IFRS appendix (E) highlighting differences between GAAP and IFRS.
● Marginal Accounting Equation Analyses clearly demonstrate the equality of the accounting equation, as well as the effects of the transactions on the stockholders' equity accounts. Marginal Equation Analyses appear where there is no existing mini-financial statement display.
● Analysis Section comparing 2 well-known, publicly traded companies, American Eagle and Buckle, appears at the end of chapters 4-11. Chapter 12 provides a comprehensive financial analysis of UnderArmour and Nike
● Earnings Management Cases are included in chapters 5-12, featuring Nike.
● Several narrated Let's Review exercises are included to reinforce key topics.
● GUided Examples provide students with an audio and visual walkthrough of the problem-solving process with an algorithmic version of the assigned exercise. Students access Guided Examples right at the point of need, linked as a “Hint” within the Connect homework assignment. Instructors are able to choose assignment material containing Guided Examples, and are able to set policies pertaining to Guided Examples.


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