Description:

Accounting Principles, 14^th Edition provides students with a clear overview of fundamental financial and managerial accounting concepts with a focus on learning the accounting cycle from the sole proprietor perspective. Through a primary review of accounting transactions, integrated real-world examples, and a variety of practice opportunities, students develop a thorough understanding of how to apply accounting principles and techniques in practice.

Students work through an entire program that builds their mastery of accounting concepts with an emphasis on decision making and key data analysis skills appropriate at the introductory level that keeps them engaged and better prepared to connect the classroom to the real world.

TABLE OF CONTENTS

1 Accounting in Action 1-1

2 The Recording Process 2-1

3 Adjusting the Accounts 3-1

4 Completing the Accounting Cycle 4-1

5 Accounting for Merchandising Operations 5-1

6 Inventories 6-1

7 Accounting Information Systems 7-1

8 Fraud, Internal Control, and Cash 8-1

9 Accounting for Receivables 9-1

10 Plant Assets, Natural Resources, and Intangible Assets 10-1

11 Current Liabilities and Payroll Accounting 11-1

12 Accounting for Partnerships 12-1

13 Corporations: Organization and Capital Stock Transactions 13-1

14 Corporations: Dividends, Retained Earnings, and Income Reporting 14-1

15 Long-Term Liabilities 15-1

16 Investments 16-1

17 Statement of Cash Flows 17-1

18 Financial Analysis: The Big Picture 18-1

19 Managerial Accounting 19-1

20 Job Order Costing 20-1

21 Process Costing 21-1

22 Cost-Volume-Profit 22-1

23 Incremental Analysis 23-1

24 Budgetary Planning 24-1

25 Budgetary Control and Responsibility Accounting 25-1

26 Standard Costs and Balanced Scorecard 26-1

27 Planning for Capital Investments 27-1

Appendix A Specimen Financial Statements: Apple Inc. A-1

Appendix B Specimen Financial Statements: PepsiCo, Inc. B-1

Appendix C Specimen Financial Statements: The Coca-Cola Company C-1

Appendix D Specimen Financial Statements: Amazon.com, Inc. D-1

Appendix E Specimen Financial Statements: Walmart Inc. E-1

Appendix F Specimen Financial Statements: Louis Vuitton F-1

Appendix G Time Value of Money G-1

Appendix H Just-in- Time Processing and Activity-Based Costing H-1

Cases For Management Decision-Making

Company Index I-1

Subject Index I-5

The Weygandt approach builds student mastery of accounting concepts.

The Weygandt approach presents students with a dynamic and thorough overview of financial accounting concepts, taking a preparer’s perspective that begins with an emphasis on transactions, before moving on to managerial accounting concepts. Clear and relevant exposition, engaging visuals and supporting examples, and valuable end-of-chapter materials work together to build students’ confidence and mastery of accounting concepts and skills.

Bulleted text and numbered approach keeps students engaged in core concepts.

New to this edition, the bulleted text and numbered approach eliminates long, intimidating paragraphs and highlights important concepts as students read through the content. This approach breaks down the most important information students need to know, improving their study experience and keeping them engaged and on track during the course.

Focus on data analytics builds students’ data literacy and decision-making skills. 

Data analytics content integrated throughout the text provides students with an appropriate understanding of data analytics relevant to financial and managerial accounting. New Data Analytics Insight boxes and Analytics in Action end-of-chapter problems (in select chapters) help students understand the use of data analytics by real-world companies and assess their understanding. 

Dynamic practice questions and solutions build student confidence. 

Do It! practice questions and solutions provide an opportunity for students to apply their understanding of a concept at the exact moment they learn it. Strategically placed at the end of each learning objective, these practice opportunities outline the Action Plan and show a solution to build students’ confidence and ensure their understanding.