Test Bank Fundamentals of Financial Accounting Canadian 3rd Edition Phillips

Test Bank Fundamentals of Financial Accounting Canadian 3rd Edition Phillips

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Test Bank Fundamentals of Financial Accounting Canadian 3rd Edition Phillips

Table of Contents

Chapter 1: Business Decisions and Financial Accounting
Chapter 2: Reporting Investing and Financing Results on the Balance Sheet
Chapter 3: Reporting Operating Results on the Income Statement
Chapter 4: Adjustments, Financial Statements, and Financial Results
Chapter 5: Financial Reporting and Analysis
Chapter 6: Internal Control and Financial Reporting for Cash and Merchandise Sales
Chapter 7: Reporting and Interpreting Inventories and Cost of Goods Sold
Chapter 8:Reporting and Interpreting Receivables, Bad Debt Expense, and Interest Revenue
Chapter 9:Reporting and Interpreting Long-Lived Tangible and Intangible Assets
Chapter 10:Reporting and Interpreting Liabilities
Chapter 11:Reporting and Interpreting Shareholders’ Equity
Chapter 12:Reporting and Interpreting the Statement of Cash Flows
Chapter 13:Measuring and Evaluating Financial Performance


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Phillips – Your Personal Coach in Financial Accounting.
Having a great personal coach means having the ongoing support, direction, and motivation necessary to ensure success. The third Canadian edition of Fundamentals of Financial Accounting is your student’s personal coach. It provides them with the tools needed to make sense of business activities and to help them prepare and interpret financial information in an accurate and relevant way.
Phillips provides an engaging, balanced, and appropriately paced analysis of the fundamentals of financial accounting. Its conversational writing style makes it easy to read and understand, while the selection of real focus companies reinforces the relevance of accounting by introducing students to accounting and business activities in the context of their favourite companies. Balance between preparer and user orientations is achieved throughout the text, by studying both the accounting activities that take place inside the company, as well as evaluating the impact of accounting activities on decisions made by users of the financial statements. Topic coverage is paced appropriately for students new to accounting, and is thoroughly reinforced every step of the way with an ample variety of innovative pedagogical tools.
Clearly understandable, relevant, and accessible, Fundamentals of Financial Accounting is simply the most student-friendly financial accounting book on the market and provides the tools for students to grasp financial accounting from the ground up.
New to the third Canadian edition, each new Phillips print text includes access to Connect – McGraw-Hill’s innovative online study and testing program – at no additional cost. In addition to an easy-to-use eBook and study resources, Connect also includes algorithmic problems within the homework assessment tool that are directly from the end of chapter material. This fully integrated solution helps students master the concepts, practice problems and ultimately achieve success in financial accounting.


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