Financial Accounting: Tools for Business Decision Making

by Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

This successful book continues to provide accountants with an understanding of the fundamental concepts necessary to use accounting effectively. The sixth edition offers new discussions on IFRS, including new codification numbers, examples of IFRS financial statements, and additional exercises. A look at more recent frauds such as the Bernie Madoff scandal have been added. Enhanced discussions of ethics and international accounting are presented. The coverage of non-cash items and their impact on decision making has been expanded. In addition, comprehensive case studies and problems help accountants tie the material together.

Genres: School, Textbooks, Reference, Business, Nonfiction, Finance, Accounting

836 pages, Paperback

First published January 1, 1998

About the author

Paul D. Kimmel, PhD, CPA, received his bachelor's degree from the University of Minnesota and his doctorate in accounting from the University of Wisconsin. He is an Associate Professor at the University of Wisconsin -Milwaukee, and has public accounting experience with Deloitte & Touche (Minneapolis). He was the recipient of the UWM School of Business Advisory Council Teaching Award and the Reggie Taite Excellence in Teaching Award, and is a three-time winner of the Outstanding Teaching Assisting Award at the University of Wisconsin. He is also a recipient of the Elijah Watts Sells Award for Honorary Distinction for his results on the CPA exam. He is a member of the American Accounting Association and has published articles in Accounting Review, Accounting Horizons, Advances in Management Accounting, Managerial Finance, Issues in Accounting Education, Journal of Accounting Education, as well as other journals. His research interests include accounting for financial instruments and innovation in accounting education. He has published papers and given numerous talks on incorporating critical thinking into accounting education, and helped prepare a catalog of critical thinking resources for the Federated Schools of Accountancy.

Reviews

[Mimi]

The 3rd edition helped me through a particularly undecided point in life, and picking up the text made a huge difference. So in honor of that 3rd edition all those years ago, this edition gets 5 stars.

Review moved to Wordpress

[Chris Jones · Rating 2 out of 5]

Adequate course textbook. It broke concepts down and provided plenty of exercises. That said, it was terribly edited, with important terms outright missing from sentences, entire paragraphs copied and pasted from previous sections, and incorrect solutions to questions published (confirmed with my instructor). It could probably have been half as long.

If I were to also review the online component of this textbook/publisher system, it would be 0/5 stars. It is disgusting that in order to even participate in university classes now you need to purchase a new edition from the publisher, as these books contain codes that give you access to their online assignments and tests, which this university course requires you to complete. Worse, an extra charge is added for access to the system as well as the textbook, which puts a greater financial burden on students, especially low-income ones. As these codes expire after a year, this also has the wasteful effect of making the used textbook market for both used and current editions worthless.

[Jack Rogers · Rating 5 out of 5]

I bought this book for my accounting class. Sometimes it happens that you do not understand the concepts from book and even from professor’s lecture, so same happened to me in chapter 5 of this book. After desperately searching for someone to help me clear my concepts I came across an online tutoring website named “Solutioninn”. An accounting tutor there helped me to clear my concepts and assignment.

[Dorey · Rating 3 out of 5]

I read this book online. It has PowerPoint slides at the beginning of each section. These are great, when they're working correctly. You have to click through each slide & they would not always load correctly, so you couldn't use them.

[Gina Jones · Rating 5 out of 5]

This book was easy to understand and complete task. I recommend this accounting book for any sc
hool teaching accounting.

[Eman · Rating 5 out of 5]

Good book for people with no financial background

[R · Rating 5 out of 5]

A veritable journey into the depths of basic accounting, 10/10, would read again to pass midterm.

[emily.reads16 · Rating 4 out of 5]

4 stars

[Danie Williams-Rivera · Rating 4 out of 5]

I don't enjoy Accounting, Math, Algebra, or anything with numbers. This was a course-book for my Financial Accounting class. However, this book - especially the computer version, helped me to finally grasp accounting. The interactive features and variety of ways to learn the subject made a big difference to me... and not only am I now going to pass the class, I might even get an A!

[Bluestgirl · Rating 5 out of 5]

Read over the course of an class. I've never read anything like it and may never attempt to again.

[Frederick Bingham · Rating 3 out of 5]

This is the textbook I used to study for the accounting CLEP exam.

[Joanna · Rating 3 out of 5]

I had to read this for class. It was very reader-friendly, but there was a lot of things in the homework problems that were harder than what the book taught.

[Mari · Rating 3 out of 5]

More examples on the cash flow statement and its methods would have been helpful.

[Karynne · Rating 5 out of 5]

I purchased the online version of the book and it was excellent. lots of learning resources, videos, practice questions, etc.