Accounting Principles, 10th Edition

eBook Details:

• Hardcover: 1339 pages
• Publisher: Wiley; 10th edition (August 9, 2011)
• Language: English
• ISBN-10: 0470534796
• ISBN-13: 978-0470534793

eBook Description:

Accounting Principles, 10th Edition

In the new Tenth Edition of Accounting Principles, 10th Edition, students can clearly see the relevance of accounting in their everyday lives. By introducing challenging accounting concepts with examples that are already familiar to the student, it connects to students and increases motivation, a key driver of studenttime spent on assignmentsand ultimately their mastery of the concept. By expanding coverage of IFRS, this edition keeps students at the forefront of global issues that impact their future careers in business and accounting.

Weygandt’s Accounting Principles, 10th Edition introduces challenging accounting concepts with examples that are familiar to accountants. The new edition has been updated with the latest IFRS/IASB standards. Additional coverage is included on foreign currency translation and LCM. More discussions focus on risk management as a result of the financial crisis. The examples also emphasize current examples in order to help accountants make the connection to their everyday lives.

In the new Tenth Edition of Accounting Principles, 10th Edition, students can clearly see the relevance of accounting in their everyday lives. By introducing challenging accounting concepts with examples that are already familiar to the student, it connects to students and increases motivation, a key driver of studenttime spent on assignmentsand ultimately their mastery of the concept. By expanding coverage of IFRS, this edition keeps students at the forefront of global issues that impact their future careers in business and accounting.

Weygandt’s Accounting Principles, 10th Edition introduces challenging accounting concepts with examples that are familiar to accountants. The new edition has been updated with the latest IFRS/IASB standards. Additional coverage is included on foreign currency translation and LCM. More discussions focus on risk management as a result of the financial crisis. The examples also emphasize current examples in order to help accountants make the connection to their everyday lives.

Accounting Principles, 10th Edition: New to This Edition

• A Look at IFRS: New section at end of each chapter section includes an IFRS overview, differences between GAAP and IFRS (Key Points), IFRS/GAAP convergence efforts (Looking to the Future), and IFRS Self-Test Questions (plus answers). An IFRS Application section is also included with IFRS review exercises (including an International Comparative Analysis Problem: Tootsie Roll vs Zetar (Zetar is U.K. candy company).
• Accounting Cycle Chapter Unification/Updates/Clarification:
  • For many students, success in an introductory accounting course hinges on developing a sound conceptual understanding of the accounting cycle. In the past, we have received positive feedback regarding the expanded equation analysis that we have employed to introduce the recording process in Chapters 1 and 2. In the 10th edition Chapter 3 offers a new, more graphical and user-friendly analysis of Adjusting the Accounts. Basic analysis and Equation Analysis discussions are more clearly presented through new illustrations.
  • Complete Continuing Cookie Chronicle problem statements provided for Chapters 1-4 in the textbook.
• Service Company Expanded Emphasis:
  • New sections within each chapter discuss similarities and differences of applying managerial accounting techniques in a service rather than a manufacturing environment
  • New Service Company Insight boxes apply managerial accounting concepts to real-world service company examples.
• Additional service company examples were added to the end-of-chapter content Service content is highlighted throughout the textbook with a new “Service” icon.
• Terminology: Reflect latest terminology changes required by changes to the conceptual framework:
  • Expense recognition principle (previously matching)
  • Periodicity assumption (previously time period)
  • Fair value replaces market value in many instances
• Anatomy of a Fraud: In the 9th Edition we added the new feature “Anatomy of a Fraud” to illustrate how the lack of specific internal controls resulted in real-world frauds. In this edition, we have expanded it throughout the textbook to demonstrate the importance of internal controls to all assets and liabilities.
• Enhanced Homework Material:
  • Updated with the new Pepsi-Co and The Coca-Cola Company Statements
  • New FASB codification Activities now appear at the end of every chapter and offer students experience in using the system.
• Chart of Accounts: Streamlined in order to reduce possible confusion and keep students focused on concepts that really matter.

In the new Tenth Edition of Accounting Principles, 10th Edition, students can clearly see the relevance of accounting in their everyday lives. By introducing challenging accounting concepts with examples that are already familiar to the student, it connects to students and increases motivation, a key driver of studenttime spent on assignmentsand ultimately their mastery of the concept. By expanding coverage of IFRS, this edition keeps students at the forefront of global issues that impact their future careers in business and accounting.