About the book
Table of Contents
Sample Chapter
  • Financial and Managerial Accounting, by Weygandt, Kimmel, Kieso is a new introductory program for the two semester accounting sequence that presents equal coverage of both introductory financial and managerial accounting topics. The Team for Success authors of Jerry Weygandt, Paul Kimmel, and Don Kieso bring years of industry, academic, and writing experience to the development of this new title which gives students the tools they need to understand the accounting cycle and key financial accounting topics, while presenting the managerial topics in an easy-to-understand fashion in a decision-making framework.

    The Team for Success authors understand where students struggle in introductory accounting, and have developed a learning system that illustrates the accounting cycle and key transactions, while giving student the tools to apply their learning through sample exercises throughout the chapter. Weygandt Financial and Managerial Accounting relates accounting concepts to real-world experiences, is full relevant examples to students’ lives, and provides IFRS coverage that will prepare students for the global economy.

    Students using Weygandt, Financial and Managerial Accounting with WileyPLUS take more initiative in their learning so you'll have a greater impact in the classroom. WileyPLUS is a student-centered learning and assessment environment where students do real accounting and get real results. The innovative question design in WileyPLUS imitates a blank sheet of paper experience, facilitates effective learning of accounting concepts, skills, and procedures, and allows students to catch mistakes early. Students come to class prepared because WileyPLUS is designed to meet the needs of today’s accounting classroom.

    Learn more about WileyPLUS

  • Click here for a Detailed Table of Contents

    1 Accounting in Action
    2 Adjusting the Accounts
    3 Process Costing
    4 Completing the Accounting Cycle
    5 Accounting for Merchandising Operations
    6 Inventories
    7 Fraud, Internal Control, and Cash
    8 Accounting for Receivables
    9 Plant Assets, Natural Resources, and Intangible Assets
    10 Liabilities
    11 Corporations Organization, stock Transactions, Dividends, and Retained Earnings
    12 Investments
    13 Statement of Cash Flows
    14 Financial Statement Analysis
    15 Managerial Accounting
    16 Job Order Costing
    17 Process Costing
    18 Activity-Based Costing
    19 Cost-Volume-Profit
    20 Cost-Volume-Profit Analysis Additional Issues
    21 Incremental Analysis
    22 Pricing
    23 Budgetary Planning
    24 Budgetary Control and Responsibility Accounting
    25 Standard Costs and Balanced Scorecard
    26 Planning for Capital Investments
    Appendix A: Time Value of Money
    Appendix A: Specimen Financial Statements: PepsiCo, Inc.
    Appendix B: Specimen Financial Statements: The Coca-Cola Company
    Appendix C: Specimen Financial Statements: Zetar
    Appendix D: Time Value of Money
    Appendix E: Payroll Accounting
    Appendix F: Subsidiary Ledgers and Special Journals
    Appendix G: Other Significant Liabilities
    Appendix H: Standards of Ethical Conduct for Management Accountants
    Cases for Management Decision Making

  • Learning Accounting Made EASY

    The Accounting Cycle Visual Framework: For many students, success in an introductory accounting course hinges on developing a sound conceptual understanding of the accounting cycle. As a result, we have developed a framework to help students visualize how to analyze, journalize, and post transaction data.

    Accounting Principles: For many students, learning about the conceptual framework can be somewhat tedious. Yet, at the same time, we believe that students need a good understanding of the accounting assumptions, principles, and constraints that accountants use as a basis for recording and reporting financial information.

    As a result, we integrate our discussion of accounting principles throughout the textbook as they relate to the topic at hand, help students get a good understanding of the accounting assumptions, principles, and constraints that accountants use as a basis for recording and reporting financial information. A helpful summary of all the concepts, which is provided in a new Chapter 3 Appendix, Concepts in Action.

    Streamlined Chart of Accounts: To reduce possible confusion and to keep students focused on those concepts that really matter, number of accounts used in the textbook, supplements, and WileyPLUS have been streamlined. See inside the front cover of the textbook for a sample chart of accounts, which represent the majority of the account titles used.

    Accounting Equation Analyses: We include accounting equation analyses in the margin next to key journal entries. They will help students understand the impact of an accounting transaction on the components of the accounting equation, on the stockholders' equity accounts, and on the company's cash flows.

    Do IT! Exercises: Help students to apply their newly acquired knowledge. The Do It! exercises include an Action Plan, which reviews the necessary steps to complete the exercise, as well as a Solution so students can have immediate feedback. A Comprehensive Do IT! problem at the end of each chapter allows students a final check of their understanding before they do their homework. Review problems are part of the end-of-chapter homework material.

    Real World Emphasis

    Accounting Across the Organization: One of the goals of the introductory accounting course is to orient students to the application of accounting principles and techniques in practice. Accounting Across the Organizationboxes show how people, often in non-accounting functions, in actual companies make decisions using accounting information.

    People, Planet, and Profit Insight Boxes feature sustainability approaches of real companies.

    Anatomy of Fraud: At the end of "Anatomy of a Fraud" stories, which describe some recent real-world frauds, we discuss the missing internal control activity that would likely have prevented or uncovered the fraud.

    International Financial Reporting Standards: Each chapter ends with a new comprehensive section at the end of each chapter, A Look at IFRS, which includes an overview section, addresses differences between GAAP and IFRS (Key Points), describes convergence efforts (Looking to the Future), and provides students with the opportunity to test their understanding through self-test questions and exercises (IFRS Practice).

    Excellence in Assessment

    Comprehensive Homework Material: Each chapter concludes with Self-Test Questions, Questions, Brief Exercises, Review, Exercises, and Problems. Many chapters also include a Comprehensive Problem. An icon identifies Exercises and Problems that can be solved using Excel templates at the book's companion website. The Continuing Cookie Chronicle and the Waterways Continuing Problem use the business activities of two fictional companies to help students apply financial and managerial accounting topics to realistic entrepreneurial situations.

    Broadening Your Perspective: These assignments are designed to help develop students' analytic and critical-thinking skills.

    • Financial Reporting
      • Financial Reporting Problem: PepsiCo, Inc.
      • Comparative Analysis Problem: PepsiCo, Inc. vs. The Coca-Cola Company
      • Real-World Focus
    • Critical Thinking
      • Decision Making Across the Organization
      • Ethics Case
      • All About You
      • Considering Your Costs and Benefits
      • Considering People, Planet, and Profit (select chapters)
      • Communication Activity (select chapters)
  • iPad user can view the chapter here.

  • Instructor Resources

    In addition to the support instructors receive from WileyPLUS, Quantum, and the
    Wiley Faculty Network
    , we offer the following useful resources to our customers.


    Join our communities and stay current with accounting and teaching best practices, learn about free CPE online events, and connect with colleagues from around the world.

    Accounting Weekly Updates:


    Every week brings you the latest news relevant to your Accounting course.
    Password only available to current users.

    Managerial Accounting Video Series


    Through the examples of real-world, cutting-edge companies, these videos engage students with a dynamic overview of managerial accounting topics and motivate them through the detailed tools, examples, and discussions presented in their textbook, WileyPLUS course, and classroom lectures.

    Sample Syllabus

    Sample syllabus for a one semester financial accounting course using this book.

    PowerPoint Presentations

    The new PowerPoint™ presentations contain a combination of key concepts, images, and problems from the textbook.

    Instructor’s Manual

    Included in each chapter are lecture outlines with teaching tips, chapter reviews, illustrations, and review quizzes.

    Key Figures ChecklistKey Figures Checklist

    Reference tool students can use to confirm the are on the right track when working longer problems

    Solutions Manual

    (Sample available upon request)
    Contains detailed solutions to all questions, brief exercises, exercises, and problems in the textbook as well as suggested answers to the questions and cases.

    Test Bank

    (Sample available upon request)
    Allow instructors to tailor exams according to study objectives and learning outcomes. Achievement tests, comprehensive examinations, and a final exam are included.

    Computerized Test Bank

    (Sample available upon request)
    Allow instructors to tailor exams according to study objectives and learning outcomes. Achievement tests, comprehensive examinations, and a final exam are included.

    Managerial Accounting Cases

    Additional managerial accounting cases are available on the instructor companion site.

    Instructor’s Resource CD

    Contains an electronic version of all instructor supplements, and gives instructors the flexibility to access and prepare instructional materials based on their individual needs.

    Student Resources

    PowerPoint™ Presentations

    PowerPoint™ presentations contain a combination of key concepts, images, and problems from the textbook.


    Each chapter includes quick self-tests to help students evaluate their knowledge.