Financial Accounting: Information for Decisions - McGraw Hill

Financial Accounting:Information for Decisions

10eJohn Wild

ISBN: 9781260247879 / © 2021

SEE LIST OF CHANGES ATTACHED.

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Tableau Dashboard Activities – Allows students to explore Tableau-based data visualizations to find the relevant accounting information they will need to analyze accounting data on three levels. At each level, students answer questions designed to check their understanding, apply what they have learned, and think critically about the goal of the assignment.

Applying Excel – Helps students master core accounting procedures while working directly within Excel. Instructional videos and auto-graded questions that provide instant feedback to students ensure they fully understand the power of Excel.

General Ledger Problems – An accounting cycle overview for recording financial transactions and creating financial statements that hyperlinks links entries between statements, mimicking real-world Accounting software. Easy no-scroll navigation and instant “Check My Work” feedback shows how data affects each stage of the Accounting process.

Need-to-Know Videos – Videos reinforcing material covered in Need-to-Know illustrations, which are demonstrations (with full solutions) that pose questions on content key to learning success in accounting.

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Changes to Wild: Financial Accounting: Information for Decisions, 10e

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Instructors and students guided this edition's revisions. Those revisions include: • Content is up-to-date for GAAP, including revenue recognition, investments, and leases. • Content is concise and succinct; new edition has fewer pages with text organized into learning blocks. • More than 150 new assignments—all in Connect with algorithmic options. • Gross method used for merchandising transactions, reflecting practice and adjusting entries for full revenue

recognition in an appendix. • New Financial Statement Analysis assignments—all in Connect and auto-gradable—use real-world data from

Apple, Google, and Samsung. • Auto-gradable Concept Overview Videos for each learning objective. • New Cheat Sheets at each chapter-end visually reinforce key chapter content and provide a search map for

content. • New Tableau Dashboard Activities expose students to accounting analytics and visualizations with 3

assignments per chapter. • New Analytics Insight boxes highlight accounting analytics in business. • New coverage of artificial intelligence, Bitcoin, data analytics, and blockchain. • New Applying Excel and Excel Simulations enhance skills for career readiness. • Expanded General Ledger assignments let students engage with general ledger software tools similar to those

in practice. Chapter-by-Chapter Changes: Chapter 1

• New opener—Netflix and entrepreneurial assignment. • Streamlined conceptual learning objectives. • New sections on AI and analytics in accounting. • Coverage of SOX Act moved to Chapter 6. • Revised business entity section and added LLC. • New and improved NTK 1-2. • New layout for the expanded accounting equation. • New and simplified NTK 1-5. • New Cheat Sheet reinforces chapter content. • Updated return on assets analysis using Nike and Under Armour. • Added six new Quick Studies. • Added seven new Exercises. • New Tableau Dashboard Activities: Quick Study, Exercise, and Mini-Case. • Updated analysis assignments: Company Analysis, Comparative Analysis, and Global Analysis.

Chapter 2 • NEW opener—Stitch Fix and entrepreneurial assignment. • Streamlined learning objectives. • New visual for process to get from transactions to financial statements. • Coverage of building block ratios moved to Chapter 13. • New Analytics Insight on blockchain ledger. • New and improved NTK 2-4. • Updated debt ratio analysis using Costco and Walmart. • New Cheat Sheet reinforces chapter content. • Added seven new Quick Studies. • Added eight new Exercises. • New Tableau Dashboard Activities: Quick Study, Exercise, and Mini-Case. • Updated analysis assignments: Company Analysis, Comparative Analysis, and Global Analysis.



Chapter 3 • NEW opener—Snapchat and entrepreneurial assignment. • Revised learning objectives and chapter preview—each type of adjusting entry is assigned its own learning

objective. • New Analytics Insight on accounting for Bitcoin. • Updated profit margin analysis using Visa and Mastercard. • Updated current ratio analysis using Costco and Walmart. • New Cheat Sheet reinforces chapter content. • Added four new Quick Studies. • Added seven new Exercises. • New Tableau Dashboard Activities: Quick Study, Exercise, and Mini-Case. • Updated analysis assignments: Company Analysis, Comparative Analysis, and Global Analysis.

Chapter 4 • Content complies with revenue recognition rules according to GAAP. • NEW opener—Kendra Scott and entrepreneurial assignment. • Streamlined learning objectives. • New Analytics Insight box on extending timing of payments. • New Decision Insight on growing number of returns for businesses. • Coverage of defective returned goods left to advanced courses. • Updated acid-test ratio and gross margin analysis using Nike and Under Armour. • Appendix 4B explains adjusting entries for future sales discounts, returns, and allowances. • Appendix 4C covers the net method. • Entries for net method of periodic inventory left to advanced courses. • New Cheat Sheet reinforces chapter content. • Added six new Quick Studies. • Added three new Exercises. • New Tableau Dashboard Activities: Quick Study, Exercise, and Mini-Case. • Updated analysis assignments: Company Analysis, Comparative Analysis, and Global Analysis.

Chapter 5 • NEW opener—Amazon and entrepreneurial assignment. • Streamlined conceptual learning objectives. • New Exhibit 5.1 on shipping terms. • New Ethical Risk on the alleged fraud of Homex. • Removed income taxes from Exhibit 5.8 to focus on cost of goods sold impact. • Updated inventory turnover and days' sales in inventory analysis using Costco and Walmart. • Simplified NTK 5-6. • New Cheat Sheet reinforces chapter content. • Added four new Quick Studies. • Added four new Exercises. • New Tableau Dashboard Activities: Quick Study, Exercise, and Mini-Case. • Updated analysis assignments: Company Analysis, Comparative Analysis, and Global Analysis.

Chapter 6 • NEW opener—Didi and entrepreneurial assignment. • New section on blockchain and its implications for accounting. • Revised and improved NTK 6-1. • Revised “Bank Reconciliation” section to separate bank balance adjustments and book balance adjustments. • Removed collection expenses and NSF fees—most are immaterial and covered in advanced courses. • Updated days' sales uncollected analysis using Starbucks and Jack in the Box.



• New Cheat Sheet reinforces chapter content. • Added six new Quick Studies. • Added six new Exercises. • New Tableau Dashboard • Activities: Quick Study, Exercise, and Mini-Case. • Updated analysis assignments: Company Analysis, Comparative Analysis, and Global Analysis.

Chapter 7 • NEW opener—Credit Karma and entrepreneurial assignment. • Removed coverage of store credit cards as nearly all are now managed by banks and accounted for as bank

credit cards. • New Analytics Insight on predicting bad debts. • Excel demos to compute maturity dates. • Updated accounts receivable analysis using Visa and Mastercard. • New Cheat Sheet reinforces chapter content. • Added eight new Quick Studies. • Added six new Exercises. • New Tableau Dashboard Activities: Quick Study, Exercise, and Mini-Case. • Updated analysis assignments: Company Analysis, Comparative Analysis, and Global Analysis.

Chapter 8 • NEW opener—SpaceX and entrepreneurial assignment. • Enhanced reporting of long-term assets section. • Simplified “Partial-Year Depreciation” section. • Goodwill impairment left to advanced courses. • New simple introduction to right-of-use assets (leases) using the new standard. • Updated asset turnover analysis using Starbucks and Jack in the Box. • Simplified NTK 8-6 by removing part 6. • Simplified Appendix 8A by removing exchanges without commercial substance. • New Cheat Sheet reinforces chapter content. • Added five new Quick Studies. • Added three new Exercises. • New Tableau Dashboard • Activities: Quick Study, Exercise, and Mini-Case. • Updated analysis assignments: Company Analysis, Comparative Analysis, and Global Analysis.

Chapter 9 • NEW opener— Zumba and entrepreneurial assignment. • Updated payroll tax rates and explanations. • New employee and employer payroll taxes summary table. • Revised NTK 9-4. • Simplified NTK 9-6 by removing part g. • Updated Forms W-2 and W-4 in Appendix 9A. • New Cheat Sheet reinforces chapter content. • Added five new Quick Studies. • Added seven new Exercises. • New Tableau Dashboard Activities: Quick Study, Exercise, and Mini-Case. • Updated analysis assignments: Company Analysis, Comparative Analysis, and Global Analysis.

Chapter 10 • NEW opener—Airbnb and entrepreneurial assignment. • Streamlined learning objectives.



• Enhanced explanation of relation between bond issue price, contract rate, and market rate. • Simplified numbers in Exhibit 10.7. Simplified Exhibit 10.10 on premium bonds. • Simplified numbers in Exhibit 10.11. • Coverage of convertible bonds left to advanced courses. • Simplified Exhibit 10.12 for teaching the note payable amortization schedule. • Updated debt-to-equity analysis using Nike and Under Armour. • Bond pricing is covered in Appendix 10A. • Simplified numbers in Exhibits 10B.1 and 10B.2. • Appendix 10C covers new standard on finance leases and operating leases. • New Cheat Sheet reinforces chapter content. • Added five new Quick Studies. • Added two new Exercises. • New Tableau Dashboard Activities: Quick Study, Exercise, and Mini-Case. • Updated analysis assignments: Company Analysis, Comparative Analysis, and Global Analysis.

Chapter 11 • NEW opener—Eventbrite and entrepreneurial assignment. • Streamlined analytical learning objectives. • New Analytics Insight on bots investing in stocks based on erroneous news. • New AT&T stock quote explanation. • Coverage of retained earnings deficit and liquidating cash dividends left to advanced courses. • New table summarizes differences between small stock dividends, large stock dividends, and stock splits. • Updated Apple statement of equity in Exhibit 11.10. • Updated PE ratio and dividend yield using Amazon, Altria, Visa, and Mastercard. • Book value per share computation left to advanced courses. • New Cheat Sheet reinforces chapter content. • Added six new Quick Studies. • Added eight new Exercises. • New Tableau Dashboard Activities: Quick Study, Exercise, and Mini-Case. • Updated analysis assignments: Company Analysis, Comparative Analysis, and Global Analysis.

Chapter 12 • Updated opener—Vera Bradley and entrepreneurial assignment. • Slightly revised infographics on cash flows from operating, investing, and financing. • Streamlined sections on analyzing the Cash account and noncash accounts. • New Decision Insight on Tesla's cash outflows and growing market value. • Updated cash flow on total assets. analysis using Nike and Under Armour. • New Cheat Sheet reinforces chapter content. • Added 10 new Quick Studies. • Added three new Exercises. • New Tableau Dashboard Activities: Quick Study, Exercise, and Mini-Case. • Updated analysis assignments: Company Analysis, Comparative Analysis, and Global Analysis.

Chapter 13 • Updated opener—Morgan Stanley and entrepreneurial assignment. • Streamlined conceptual learning objectives. • Updated data for all analyses of Apple using horizontal, vertical, and ratio analysis. • Updated comparative analysis using Google and Samsung. • New Cheat Sheet reinforces chapter content. • Added 12 new Quick Studies. • Added two new Exercises.



• New Tableau Dashboard Activities: Quick Study, Exercise, and Mini-Case. • Updated analysis assignments: Company Analysis, Comparative Analysis, and Global Analysis.

Appendix A • New financial statements for Apple, Google, and Samsung.

Appendix B • Continued Excel demos for PV and FV of lump sums. • Continued Excel demos for PV and FV of annuities.

Appendix C • All content updated for new investment rules for GAAP. • Revised and simplified Exhibit C.2 for new standard on investments. • Updated component-returns analysis using Costco and Walmart. • New Cheat Sheet reinforces chapter content. • Added six new Quick Studies. • Added five new Exercises. • Added two new Problems. • New Tableau Dashboard Activities: Quick Study, Exercise, and Mini-Case. • Updated analysis assignments: Company Analysis, Comparative Analysis, and Global Analysis.

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Financial Accounting: Information for Decisions - McGraw Hill

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