Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more
Skip to content
Just Published
Cover of Financial Accounting v4.0
Published: 
January 2025
Page Count: 
776
ISBN (Digital): 
979-8-88794-233-9

Financial Accounting

Version 4.0
By Joe Ben Hoyle, Leah Kratz, and C. J. Skender

Key Features

  • Sequence of questions and answers drives the narrative, engages students, and stimulates critical thinking skills
  • Covers standard financial accounting topics in a conventional sequence
  • Over 100 author-recorded videos
    • Introduce each chapter
    • Highlight and explain key topics
    • Summarize each chapter in the form of a “Top-Five” most-important list
  • Extensive references to real companies, events, and headlines are woven throughout
  • Supportive learning structure
    • “Video Introduction” are author-recorded preview of the chapter’s topics that start each chapter
    • “Learning Objectives” at the beginning of each main section prepare students to learn
    • “Key Takeaways” at the end of each main section reflect the corresponding “Learning Objectives” and summarize key ideas in bullet-point fashion. “Key Takeaways” enable the learner to pause and consolidate the information just read or experienced into a “chunk.” This process enables the reader to better understand and retain the section’s content and its key concepts
    • “Test Yourself” are periodic multiple-choice questions that prompt learners to pause and confirm they are understanding the material. There is often a follow-up question that encourages students to take learning one step further
    • New “Industry Insights” sections in the first five chapters reflect the role of the accounting in a typical organization
    • “Lecture” videos are brief, author-recorded explanations of key topics sprinkled throughout the chapters
    • “Talking with a Real Investing Pro” features a successful investment analyst to provide an honest and open assessment of financial accounting straight from the everyday business world
    • “The Most Important Elements of the Chapter” is a concluding section featuring an author-recorded video that challenges the reader to select the five most important chapter topics or concepts for review
    • End-of-Chapter Exercises
      • Questions (Short Answer, True/False, and Multiple Choice)
      • Video Problems
      • Problems
      • Research Assignment
      • Customizable

Educators

Request Examination Copy Read Online Adopt This Book Customize this Book

Students

Online Access Price:  $36.95 Color Printed Textbook with Online Access Price:  $63.95
Buy This Book Redeem My Code

Financial Accounting, Version 4.0 is suitable for courses called Financial Accounting or similar titles at the undergraduate and MBA-levels at most two- and four-year colleges and universities.


Financial Accounting leverages a distinct and effective question-and-answer format within a conventional organization. This strategy structures a narrative that engages students and promotes a deeper form of learning. Carefully developed to follow the standard scope and sequence of the typical financial accounting course, this textbook encourages students to think like accountants, rather than simply memorizing operations. Learners are exposed to the basic principles of financial accounting while also developing an appreciation for its importance and logic, so they can make prudent business decisions. Students will develop the keen ability to look at a set of financial statements and immediately understand its components, what each item means, how they came to be included, and appreciate the full story of what is happening in an organization.


Each of the book’s main sections begins by posing a question that is immediately followed by the answer, which is explained in the following paragraphs. Then, the next logical question is put forth to lead reader through the material in a carefully constructed sequential pattern. Topics are presented and analyzed as through a conversation. This format breaks each chapter down into easy-to-understand components. Instead of a dense or dry narration, a chapter becomes twenty to forty questions and answers that put the information into manageable segments—each with a new question logically following the previous one.

New in This Version

  • The former Chapter 6 on trusting financial statement was omitted and its pertinent material appears in new sections called “Industry Insights” (Sections 2.4, 3.5, 4.6, and 5.4)
  • All examples are updated to reflect current performance date, trends, practices, and new companies in the marketplace
  • Reorganized Chapter 11 on investments to reflect a more logical flow
  • Increased emphasis on inclusion
FlatWorld Homework System

FlatWorld Homework

FlatWorld Homework includes multi-format questions written specifically for your FlatWorld book, which you can access through our stand-alone interface or integrate with your learning management system.

Instructor’s Manual

Instructor’s Manual

The Instructor’s Manual guides you through the main concepts of each chapter and important elements such as learning objectives, key terms, and key takeaways. Can include answers to chapter exercises, group activity suggestions, and discussion questions.

PowerPoint Lecture Notes

PowerPoint Lecture Notes

A PowerPoint presentation highlighting key learning objectives and the main concepts for each chapter are available for you to use in your classroom. You can either cut and paste sections or use the presentation as a whole.

Test Generator - powered by Cognero

Test Generator - powered by Cognero

FlatWorld has partnered with Cognero, a leading online assessment system, that allows you to create printable tests from FlatWorld provided content.

Test Bank Files for Import to Learning Management Systems

Test Bank Files for Import to Learning Management Systems

For your convenience, we've packaged our test items for easy import into Learning Management Systems like Blackboard, Brightspace/D2L, Canvas, Moodle, or Respondus.

Solutions Manual

Solutions Manual

For exercises that need a little more explanation, our Solutions Manual will take you step by step through solving the problem and offer explanations on the answer.

Test Item File

Test Item File

Need assistance in supplementing your quizzes and tests? Our test-item files (in Word format) contain many multiple-choice, fill-in-the-blank, and short-answer questions.

At FlatWorld, we take pride in providing a range of high-quality supplements alongside our titles, to help instructors teach effectively. Supplements are available for instructors who have registered their adoption with us. If you need to review or preview something specific, please contact us.


Sign up for FlatWorld

Already registered? Sign in here

Joe Ben Hoyle University of Richmond

Joe Hoyle is an Associate Professor of Accounting at the Robins School of Business at the University of Richmond. In 2006, he was named by Businessweek as one of 26 favorite undergraduate business professors in the United States. In 2007, he was selected as the Virginia Professor of the Year by the Carnegie Foundation for the Advancement of Teaching and the Council for the Advancement and Support of Education. In 2009, he was judged to be one of the 100 most influential members of the accounting profession by Accounting Today. In 2015, he was the inaugural recipient of the J. Michael and Mary Anne Cook Prize, recognized for consistently demonstrating the attributes of a superior teacher in the accounting discipline at an undergraduate level. Hoyle earned his BA degree in accounting from Duke University and his MA degree in business and economics, with a minor in education, from Appalachian State University. Hoyle also has three decades of experience operating his own CPA (Certified Public Accountant) Exam review programs. In 2008, he created CPA Review for Free (http://www.CPAreviewforFREE.com), which provides thousands of free questions to help accountants around the world prepare for the CPA Exam.

Leah Kratz James Madison University

Leah Kratz, CPA, MBA is a lecturer at James Madison University in Harrisonburg, Virginia. She has taight a variety of accounting courses including financial, intermediate, cost, tax, and auditing. Leah earned her undergraduate degree in accounting at Eastern Mennonite University and her MBA at James Madison University. Her work experience includes public accounting and government work, including the Assistant Fiscal Director of Woodrow Wilson Rehabilitation Center for the Commonwealth of Virginia. Leah lives in Harrisonburg, VA with her husband, Jeremy and their four children, Madeleine, Sophia, Anderson, and Nolan. In her spare time Leah enjoys travel, cooking, working in her flowerbeds, reading, hiking, and biking.

C. J. Skender University of North Carolina at Chapel Hill

C.J. Skender has received multiple teaching awards at the University of North Carolina's Kenan-Flagler Business School (10), at Duke University's Fuqua School of Business (5), and at North Carolina State University (5). He has been included among the outstanding Fuqua faculty in four editions of the Business Week Guide to the Best Business Schools. Skender also received the James M. Johnston Teaching Excellence Award at the University of North Carolina in 2005. His classes were featured in businessweek.com and sportsillustrated.cnn.com in 2006. Skender has served as a training consultant on three continents for Glaxo Wellcome, IBM, Nortel Networks, Paragon Trade Brands, Siemens, Starwood, and Wells Fargo. Skender holds academic degrees from Lehigh University and Duke University. He attended Lehigh on a basketball scholarship and graduated magna cum laude. He has attained eleven professional designations in accounting, financial planning, insurance, and management: CPA (Certified Public Accountant), CMA (Certified Management Accountant), CCA (Certified Cost Analyst), CIA (Certified Internal Auditor), ChFC (Chartered Financial Consultant), CLU (Chartered Life Underwriter), CFP (Certified Financial Planner), AIAF (Associate in Insurance Accounting and Finance), CFE (Certified Fraud Examiner), CFM (Certified in Financial Management), and CBM (Certified Business Manager).

Additions & Errata

2/12/25: Chapter 15.2 $59 in cash; in Table 15.2 Capital in excess of par value changed from 48.75 to 58.75

Back to top