Financial Accounting 6e, is
designed to prepare users to succeed as future business managers. The text demonstrates
how financial statements are useful and interesting tools for diagnosing a company's
problems or strengths, and for making loan, investment, acquisition, employment, and
political decisions. The sixth edition interweaves analytical principles with real
examples and real data from well-known companies. This text takes a business-activities
approach to link accounting to what a business really does - operating, investing and
financing. The result provides students with the practical skills they need to understand
complex business issues and make smart strategic decisions.
Benefits:
Revised Cash Flow Chapter:
Statement of Cash Flows Chapter (Chp. 6) has been revised to clarify the presentation.
Business History Case - Each
chapter opens with a business history case. These cases focus on real-world companies and
show managers how accounting is used to solve business situations.
Focus on Real Companies and
Real Examples: The authors emphasize the use of real financial data to draw inferences
from the numbers. This is done throughout the text discussion itself and is highlighted in
the Data Mining exercises, the Excel forecasting case, and in the extensive end-of-chapter
material based on real company financial data.
Business Activities
Organization: The text is organized around the activities of the firm and emphasizes the
use of accounting information to make operating, investing and financing decisions. This
business activities approach links accounting to what a business does -- operating,
investing and financing.
Less Emphasis on Journal
Entries and the Accounting Cycle: Journal entries are not covered or used in the text
discussion until Chapter 7. After that, they are used sparingly and presented as a tool of
analysis.
Updated: Examples and
financial data have been updated throughout.
WebTutor on WebCT and
Blackboard: Take your course online with WebTutor. WebTutor offers in-depth content,
concept presentations, flash cards, discussion questions, chat areas, and more.
Unique In-Chapter and
End-of-Chapter Material: A strong analytical theme supports extensive problems and cases
that showcase real domestic and international financial statements. Types of problems
include Data Mining Activities, Cases, Deciphering Actual Financial Statements, Research
Projects, Ethics Dilemma, Debates, and a Cumulative Excel Spreadsheet Problem.
Early Coverage of Financial
Analysis and the Statement of Cash Flows: Early and integrated coverage of these topics
forms a foundation for students to interpret financial statements and accurately evaluate
the health of a firm.
Complete and Integrated
Learning Package: Each chapter contains numerous features to enhance learning, including
Financial Analysis Cases, Key Points, Business Profiles, FYI, Test Your Intuition, Caution
boxes, and Business Content boxes.
On-Line Tutorials: Students
may access chapter-by-chapter tutorials (at the Stice/Stice/Diamond homepage
(http://stice.swcollege.com) that reinforce key concepts. The tutorials provide instant
feedback, providing an explanation as to the correct and incorrect answer (and why the
wrong answer is wrong!).
Integrated International
Topics: In addition to each chapter integrating international issues, Chapter 15 provides
comprehensive coverage of international issues and implications.
Capstone Chapter: Chapter 16
allows students to apply all that they have learned in an integrated case.
560 pages