Financial Accounting: Tools for Business Decision-Making, 3rd Canadian Edition

Real world focus offers students exposure to realistic business situations. Financial information and accounting practices of real, high profile companies like Canadian Tire, Sears, and Air Canada are used to frame the discussion of accounting issues. As with the last edition, the examples used in the text have been fully revised and reflect the latest company data and news. Toolkit Approach shows students how to use the accounting concepts they are learning to make decisions, no matter what their role. The Toolkit has an all-new design in this edition. Features Stories show how people in a wide variety of roles use accounting information to make decisions. Many of these have been updated or replaced. Design makes strategic use of colour, photographs, and illustrations to enhance learning. The corporate logo of a real company appears whenever the authors use data from a real company's financial statements as an example. The design in this edition has been revamped for a cleaner, even more student-friendly look. Infographics provide visual anchors to help students recall and apply accounting concepts to the real world. These have been updated in this edition for a more sophisticated look.

1. Introduction to Financial Statements 2. A Further Look at Financial Statements 3. The Accounting Information System 4. Accrual Accounting Concepts 5. Merchandising Operations 6. Reporting and Analyzing Inventory 7. Internal Control and Cash 8. Reporting and Analyzing Receivables 9. Reporting and Analyzing Long-Lived Assets 10. Reporting and Analyzing Liabilities 11. Reporting and Analyzing Shareholders' Equity 12. Reporting and Analyzing Investments 13. Cash Flow Statement 14. Performance Measurement Appendix A Specimen Financial Statements: Loblaw Companies Limited Appendix B Specimen Financial Statements: Sobeys Inc.