E-Book Overview
Financial Accounting introduces the financial statements and the conceptual framework
that underlies them in Chapter 1and builds on this foundation throughout
the remaining 12 chapters. The concepts and procedures that form the accounting
cycle are also described and illustrated early in the text (Chapters 2 and 3) and
are then applied consistently in the chapters that follow. By introducing financial
accounting’s most critical concepts and procedures early in the book and then
repeatedly applying them in the context of new material in later chapters, students
will finish the textbook with a sound grasp of introductory financial accounting
principles.
This book also features a new coauthor, Greg Berberich, from the University
of Waterloo, who brings 25 years of experience practising and teaching accounting
to the Fifth Canadian Edition textbook. Greg contributed to seven of the book’s 13
chapters and also suggested some of its new or revised pedagogical features.
E-Book Content
FINANCIAL ACCOUNTING
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FIFTH CANADIAN EDITION
FINANCIAL ACCOUNTING WALTER T. HARRISON, JR. BAYLOR UNIVERSITY
CHARLES T. HORNGREN STANFORD UNIVERSITY
C. WILLIAM (BILL) THOMAS BAYLOR UNIVERSITY
GREG BERBERICH UNIVERSITY OF WATERLOO
CATHERINE SEGUIN UNIVERSITY OF TORONTO
TORONTO
To Jeanette, Simon, and Juliana —Greg Berberich
To Dennis, Andrea, Allison, and Mark —Catherine I. Seguin Vice-President, Cross Media & Publishing Services: Gary Bennett Managing Editor, Business Publishing: Claudine O’Donnell Acquisitions Editor: Megan Farrell Marketing Manager: Claire Varley Developmental Editor: Rebecca Ryoji Lead Project Manager: Avinash Chandra Project Manager: Sarah Gallagher Manufacturing Coordinator: Jane Schell/Karen Bradley Production Editor: Carrie Fox, Electronic Publishing Services Inc., NYC Copy Editor: Audra Gorgiev Proofreader: Megan Smith-Creed Compositor: Aptara, Inc. Text Permissions: Electronic Publishing Services Inc., NYC Photo Permissions: Q2A/Bill Smith Art Director: Julia Hall Interior Designer: Miguel Acevedo Cover Designer: Anthony Leung Cover Image: Getty Images Credits and acknowledgments for material borrowed from other sources and reproduced, with permission, in this textbook appear on the appropriate page within the text. Original edition published by Pearson Education, Inc., Upper Saddle River, New Jersey, USA. Copyright © 2013 Pearson Education, Inc. This edition is authorized for sale only in Canada. If you purchased this book outside the United States or Canada, you should be aware that it has been imported without the approval of the publisher or the author. Copyright © 2015 Pearson Canada Inc. All rights reserved. Manufactured in the United States of America. This publication is protected by copyright and permission should be obtained from the publisher prior to any prohibited reproduction, storage in a retrieval system, or transmission in any form or by any means, electronic, mechanical, photocopying, recording, or likewise. To obtain permission(s) to use material from this work, please submit a written request to Pearson Canada Inc., Permissions Department, 26 Prince Andrew Place, Don Mills, Ontario, M3C 2T8, or fax your request to 416-447-3126, or submit a request to Permissions Requests at www.pearsoncanada.ca. 10 9 8 7 6 5 4 3 2 1 [CKV] Library and Archives Canada Cataloguing in Publication Harrison, Walter T., author Financial accounting / Walter T. Harrison Jr, Baylor University, Charles T. Horngren, Stanford University, C. William (Bill) Thomas, Baylor University, Greg Berberich, University of Waterloo, Catherine Seguin, University of Toronto. — Fifth Canadian edition. Includes index. Revision of: Financial accounting. 4th Canadian ed. 2011. ISBN 978-