What's new about the 13^th edition of Financial Accounting?

In this edition, the authors focused on two key revisions: streamlining the text and providing even more end-of-chapter material. The Williams team accomplished this goal with the following revisions for each chapter:

• Addition of new exercises and problems, PLUS 140 new brief exercises
• Inclusion of at least 10 new brief exercises in each chapter
• Revision of graphics to match new design and improve the illustration of key concepts
• 2005 Home Depot Financial Statements packaged with text & tied to end-of-chapter material
• New, vibrant design features revised graphics in each chapter and an all new layout
• Selected problems and exercises are available with McGraw-Hill's Homework Manager
• Incorporation of Management Strategy and Cash Effects into the text to streamline the discussion

Chapter 1

• New coverage of the Committee of Sponsoring Organizations of the Treadway Commission (COSO)
• New coverage of COSO's Internal Control - Integrated Framework
• New coverage of the Public Company Accounting Oversight Board (PCAOB)
• Emphasis on why the study of accounting is important to non-accounting majors, both in their business careers and in their personal lives
• Incorporation of Management Strategy feature into the text

Chapter 2

• Redesigned graphics make accounting more lively and eye-catching
• Revised discussion of real-world companies like Wal-Mart, Walt Disney, and JCPenney demonstrates theory in action
• Addition of a new exhibit showing cash flow versus income statement recognition

Chapter 3

• Addition of many new exercises
• Revised coverage of accounting cycle procedures

Chapter 4

• Addition of many new exercises

Chapter 5

• Addition of many new exercises
• Addition of new short comprehensive problems
• Addition of two new Unstructured Cases addressing SOX issues
• Addition of a new comprehensive problem that covers the full accounting cycle

Chapter 6

• Addition of new "real world" exhibits
• New Home Depot end-of-chapter exercise
• Revision of solutions to incorporate five skill areas
• Addition of regular exercises and problems to the end-of-chapter material

Chapter 7

• Addition of many new exercises

Chapter 8

• Addition of brief exercises
• Replacement of Safeway exercise with Wal-Mart exercise

Chapter 9

• Revised graphics
• Incorporation of supplemental topic (Other Depreciation Methods) into primary text
• Addition of one new exercise and four new problems

Chapter 10

• Incorporation of supplemental topic (Special Types of Liabilities) into primary text

Chapter 11

• Revised Case-in-Points on international issues and ethics and corporate governance
• Revised Financial Analysis and Decision Making Section
• Streamlining of chapter text
• Addition of two new exercises

Chapter 12

• Streamlining of chapter text
• Revised Case in Point boxes
• Revised Financial Analysis and Decision Making Section
• Addition of one new exercise

Chapter 13

• Streamlining of chapter text
• Incorporation of supplemental topic (A Worksheet for Preparing a Statement of Cash Flows) into primary text
• Replacement of one exercise and addition of two new exercises

Chapter 14

• Addition of numerous illustrations
• Streamlining of chapter text
• Updating of demonstration problem