Pin on Test BankWeygandt , Paul D. Kimmel , Donald E. Journalize transactions and follow through accounting cycle to preparation of financial statements. Under the time period assumption, an accountant is required to determine the relevance of each business transaction to specific accounting periods. An accounting time period of one year in length is referred to as a fiscal year. A fiscal year that extends from January 1 to December 31 is referred to as a calendar year.
Financial Accounting Chapter 1 Lecture - Part 1
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Financial and Managerial Accounting, 2nd Edition provides students with a clear introduction to fundamental accounting concepts. The Second Edition helps students get the most out of their accounting course by making practice simple. Newly streamlined learning objectives help students use their study time efficiently by creating a clear connections between the reading and video content, and the practice, homework, and assessments questions. Weygandt, Financial and Managerial Accounting is ideal for a two-semester Financial and Managerial Accounting sequence where students spend equal time learning financial and managerial accounting concepts, and learn the accounting cycle from a corporate perspective. This program begins by introducing students to the building blocks of the accounting cycle and builds to financial statements. WileyPLUS sold separately from the text. Jerry J.