Financial Accounting, Canadian Edition, 1st edition

Published by Pearson Canada (April 30, 2022) © 2023

  • Robert Kemp University of Virginia
  • Jeffrey Waybright Spokane Community College
  • Liang-Hsuan Chen University of Toronto Scarborough
  • Sandra Daga
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Once students see that accounting is the language of business, they are well on their way to academic and professional success. Financial Accounting translates the essentials of accounting to students so they understand why and when financially sound decisions are made in business today. 

The new Canadian adaptation has a very clear goal: provide as much coverage of financial statement preparation and essential concepts as a non-accounting student needs to know in a way that helps these students relate to the content and learn. This product aims to tackle challenging topics in a pragmatic, straightforward manner so that students understand concepts in accounting and its critical role in the business world. Its focus on smaller businesses allows students to better navigate the numbers with more practical examples of what they may encounter in the real world.

  1. Business, Accounting, and You
  2. Analyzing and Recording Business Transactions
  3. Preparing for Period-End: Adjusting and Closing Entries
  4. Analyzing and Reporting Cash and Receivables
  5. Accounting for Sales and Inventory for a Merchandising Business
  6. Analyzing and Reporting Inventory and Cost of Goods Sold
  7. The Challenges of Accounting Standards, Internal Control, Audits, Fraud, and Ethics
  8. Analyzing and Reporting Long-Lived and Other Assets
  9. Analyzing and Reporting Liabilities
  10. Analyzing and Reporting Shareholders' Equity
  11. Preparing and Interpreting the Statement of Cash Flows
  12. Analyzing Financial Statements and Measuring Performance

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