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Financial Accounting, 5th Edition

Jay S. Rich, Jeff Jones, Linda Ann Myers

  • {{checkPublicationMessage('Published', '2021-01-05T00:00:00+0000')}}
Starting At $99.95 See pricing and ISBN options
Financial Accounting 5th Edition by Jay S. Rich/Jeff Jones/Linda Ann Myers

Overview

Clearly demonstrate the important relationships between accounting, financial statements and business decisions in order to motivate and engage your students with Rich/Jones/Myers' FINANCIAL ACCOUNTING, 5E. This edition's hallmark Cornerstones pedagogy helps students progress through the financial accounting fundamentals more quickly and independently, which allows you to focus on the use of accounting information in real companies in the business world today. The authors distinctly illustrate each major concept using memorable examples from familiar organizations and conceptual insights that explain the reasons behind the processes. Students watch leading companies, like Apple, Verizon or Google, use accounting information to make stronger decisions as they learn how to analyze and interpret financial data effectively. Helpful videos from the authors further reinforce key concepts, while optional CNOWv2 digital resources provide teaching and learning support.

Jay S. Rich

Jay Rich is a professor of accounting at Illinois State University. He received his B.S., M.S. and Ph.D. from the University of Illinois. Prior to entering the Ph.D. program, he worked as an auditor at Price Waterhouse & Co. in Chicago and earned his C.P.A. In 1985. Dr. Rich has published articles in numerous journals, including The Accounting Review, Auditing: A Journal of Practice & Theory, Accounting Horizons, Contemporary Accounting Research, Organizational Behavior and Human Decision Processes and Accounting Organizations and Society. He has also served on the editorial board of Auditing: A Journal of Practice & Theory and Current Issues in Auditing. Dr. Rich has received both the Outstanding Dissertation Award and Notable Contribution to the Literature Award from the Audit Section of the American Accounting Association. He was also recognized with the Outstanding Educator Award from the Illinois CPA Society. His primary teaching interest is financial accounting and he has taught numerous courses at the undergraduate, master and doctoral levels. Dr. Rich has a wife of 35 years, Jane, and three children, Dennis, Anne and Grace. His outside interests include his family, travel and reading. He also repeatedly develops plans to exercise and diet at some point in the future. By all accounts, he is a master at grilling meat, a mediocre skier and a shameful golfer.

Jeff Jones

Dr. Jefferson P. Jones is an associate professor of accounting in the School of Accountancy at Auburn University, where he teaches financial accounting and applied financial research courses. He received his B.S. and Master of Accountancy degrees from Auburn University and his Ph.D. from Florida State University. Dr. Jones has received numerous teaching awards, including the Auburn University Beta Alpha Psi Outstanding Teaching Award (12 times), the Auburn University Outstanding Master of Accountancy Professor Teaching Award (five times), the Auburn University Outstanding Distance Master of Accountancy Teaching Award (three times) and the Auburn University College of Business McCartney Teaching Award. In addition, he has made numerous presentations around the country on research and pedagogical issues. Dr. Jones has public accounting experience as an auditor with Deloitte and Touche and holds a C.P.A. certificate in the state of Alabama (inactive). He is a member of the American Accounting Association, the American Institute of Certified Public Accountants (AICPA) and the Alabama Society of CPAs (ASCPA). His research interests focus on financial accounting, specifically investigating the quality of reported accounting information and accounting education. He has published articles in numerous journals, including Advances in Accounting, Review of Quantitative Finance and Accounting, Issues in Accounting Education, International Journal of Forecasting and The CPA Journal. When not at work, Dr. Jones enjoys playing golf and watching college football.

Linda Ann Myers

Linda A. Myers is a distinguished professor of accounting and holder of the Haslam Chair of Business at The University of Tennessee, Knoxville (UTK). She holds a B.com. in accounting, an M.B.A. from McMaster University and a Ph.D. from the University of Michigan. Dr. Myers has published more than 40 peer-reviewed articles in The Accounting Review; Journal of Accounting and Economics; Journal of Accounting Research; Contemporary Accounting Research; Review of Accounting Studies and Accounting, Organizations and Society. She is the recipient of the AAA’s Notable Contribution to the Auditing Literature Award, the AAA’s Financial Accounting and Reporting Section Best Paper Award and the Financial Executives Research Foundation’s Award for the Outstanding Accounting Review Article. Dr. Myers’ research has been cited in The New York Times and The Economist, as well as by the Public Company Accounting Oversight Board and the U.S. Securities and Exchange Commission. She has also been quoted on National Public Radio’s Marketplace Business. She is as an editor at Contemporary Accounting Research, Auditing: A Journal of Practice & Theory, Accounting Horizons, Journal of International Accounting Research and CAFR. Dr. Myers is also an associate editor at the Journal of Accounting and Auditing & Finance and she serves on the editorial boards of The Accounting Review and European Accounting Research. She has taught financial accounting, managerial accounting and Ph.D. seminars at McMaster University, University of Illinois, Texas A&M University, University of Arkansas and UTK. She currently serves as director of the Ph.D. program in accounting at UTK. When not traveling around the globe, Dr. Myers enjoys playing board games, cooking, entertaining and spending time with her husband and two children.
  • ADDITIONAL INSTRUCTOR-PREPARED "SHOW ME HOW" VIDEOS REINFORCE UNDERSTANDING. These focused videos, prepared by the authors, closely resemble how you would talk to a student during office hours. The "Show Me How" videos provide students with the background, knowledge and context to solve problems rather than simply giving them the answer like video answer keys.
  • NEW APPENDIX PROVIDES HELPFUL INTRODUCTION TO WORKING WITH THE 10-K. While information for Financial Statement Analysis has always appeared in Chapter 12, many instructors choose to omit this chapter. This new appendix, which appears early in the book, guides students in finding the information they need within the 10-K. Instructions in this appendix prepare students for tasks related to financial-statement analysis, such as examining profitability, liquidity or solvency for real companies.
  • ALGORITHMIC "INTERPRETING 10-K" PROBLEMS LET YOU ASSIGN REAL ANNUAL REPORT PROJECT-STYLE PROBLEMS. The algorithmic style of the problems prevents cheating and requires that students use 10-Ks to locate financial information. Students use this information to analyze short-term liquidity, debt management, asset efficiency and profitability.
  • UPDATED "TELL ME MORE" VIDEOS WALK STUDENTS THROUGH BASIC CONCEPTS IN THE CHAPTER. Students can access this valuable video instruction on-demand to accommodate their work and study habits. These step-by-step videos facilitates more efficient and independent learning.
  • CNOWv2 DIGITAL RESOURCES OFFER ONLINE LEARNING, HOMEWORK AND STUDY OPPORTUNITIES. CNOWv2 is designed to discourage overreliance on mere homework. Instead, CNOWv2 digital learning tools prepare students for the exam by providing online homework experiences that are similar to what students will experience on the exam and in the real business world.
  • INNOVATIVE APPROACH IS PROVEN TO INCREASE STUDENT ENGAGEMENT AND IMPROVE GRADES. This edition clearly illustrates each major concept, tailoring instruction with an approach that's based on student reading behavior and market research. Step-by-step examples are accompanied by conceptual insights that explain the reasons behind the processes. Links connect students to brief videos that reinforce key concepts and procedures. In addition, end-of-chapter exercises are linked to the examples, further encouraging students to become more independent learners.
  • EACH CHAPTER OPENS WITH AN EXPERIENCE-DRIVEN FINANCIAL ACCOUNTING VIGNETTE. These engaging vignettes highlight how real companies, like Apple, Verizon or Google, use accounting information to make stronger decisions. Real financial statements from leading, familiar companies illustrate key concepts. Each chapter includes an assignment that requires students to analyze and interpret actual financial data for companies, such as Vail Properties and Callaway Golf.
  • "ETHICAL DECISIONS" FEATURES TEACH READERS TO MAKE INFORMED ETHICAL CHOICES. To succeed in today's business climate, students must know how to analyze business situations thoughtfully and make informed, ethical decisions. This edition weaves "Ethical Decisions" features into each chapter to encourage students to develop these essential skills. Students learn to consider the ethical implications of their actions in every situation.
1. Accounting and the Financial Statements.
2. The Accounting Information System.
3. Accrual Accounting.
Making the Connection, Integrative Exercise: The Accounting Cycle.
4. Internal Control and Cash.
5. Sales and Receivables.
6. Cost of Goods Sold and Inventory.
7. Operating Assets.
Making the Connection, Integrative Exercise: Integrated Asset Accounting.
8. Current and Contingent Liabilities.
9. Long-Term Liabilities.
10. Stockholders' Equity.
Making the Connection, Integrative Exercise: Integrating Accounting for Liabilities and Equity.
11. The Statement of Cash Flows.
12. Financial Statements Analysis.
Appendix 1: International Financial Reporting Standards.
Appendix 2: Investments.
Appendix 3: Time Value of Money.
Appendix 4: Financial Statement Information: Under Armour.
Appendix 5: Financial Statement Information: Columbia Sportswear.
Glossary.
Check Figures.
Index.
CengageNOWv2 combines the way students use textbooks and online resources to learn, study and complete homework, allowing them to achieve ultimate success in this course in a digital world.

This Cengage solution can be seamlessly integrated into most Learning Management Systems (Blackboard, Brightspace by D2L, Canvas, Moodle, and more) but does require a different ISBN for access codes. Please work with your Cengage Learning Consultant to ensure the proper course set up and ordering information. For additional information, please visit the LMS Integration site.

Standalone Digital Access — Ultimate Value

Recommended and most popular

  • ISBN-10: 0357132718
  • ISBN-13: 9780357132715
  • RETAIL $99.95

Textbook Only Options

Traditional eBook and Print Options

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  • ISBN-10: 0357132696
  • ISBN-13: 9780357132692
  • RETAIL $360.95

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

FOR STUDENTS

CNOWv2 for Rich/Jones/Myers' Financial Accounting, 1 term Instant Access

ISBN: 9780357132715
With its engaging learning and assessment tools, CNOWv2 supports the entire student workflow from motivation to mastery. For instructors, CNOWv2 provides control and customization with the opportunity to tailor the learning experience to improve outcomes.