By Jerry J. Weygandt, Paul D. Kimmel
With this fifth version, readers will gather a realistic set of instruments and the arrogance they should use them successfully in making company judgements. The authors stick with a "macro- to micro-" approach by means of beginning with a dialogue of actual monetary statements first, instead of beginning with the Accounting Cycle. the target is to set up how a financial plan communicates the financing, making an investment, and working actions of a company to clients of accounting details. This motivates readers by means of grounding the dialogue within the actual international, exhibiting them the relevance of the subjects lined to their careers. New content material gains corresponding to a clean and concentrated method of Excel, "People, revenue, Planet", a revised carrying on with managerial case, and new managerial accounting video clips also will have interaction scholars and differentiate Kimmel Accounting 5e from the past version.
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Extra info for Accounting: Tools for Business Decision Making, (5th Edition)
18 p. 21 • Work Using the Decision Toolkit • Review Summary of Learning Objectives INTRODUCTION TO FINANCIAL STATEMENTS LEARNING OBJECTIVES After studying this chapter, you should be able to: • Work Comprehensive Do it! p. 24 1 Describe the primary forms of business organization. • Answer Self-Test Questions 2 Identify the users and uses of accounting information. • Complete Assignments 3 Explain the three principal types of business activity. • Go to WileyPLUS for practice and tutorials 4 Describe the content and purpose of each of the financial statements.
In choosing the organizational form for your outdoor guide service, you should consider the pros and cons of each. Identify each of the following organizational characteristics with the organizational form or forms with which it is associated. 1. Easier to raise funds. 2. Simple to establish. 3. No personal legal liability. 4. Tax advantages. 5. Easier to transfer ownership. Solution 1. 2. 3. 4. 5. Easier to raise funds: Corporation. Simple to establish: Sole proprietorship and partnership. No personal legal liability: Corporation.
Xxix TOOLS FOR DECISION-MAKING ! As an employee, manager, or even a director of your own personal finances, you will make better decisions by learning how to analyze and solve business problems using tools provided throughout each chapter. The Decision Toolkit and the Decision Toolkit Summary direct you to the tools and information you need when evaluating business issues. Using the Decision Toolkit asks you to apply toolkit lessons to a financial statement analysis exercise. Suggested solutions are provided.
Accounting: Tools for Business Decision Making, (5th Edition) by Jerry J. Weygandt, Paul D. Kimmel