The applications of financial accounting are demonstrated in Financial Accounting, 8th Edition. It supplies a comprehensive understanding of how financial statements are prepared as well. Financial Accounting, 8th Edition explores how this information assists decision makers. It also strengthens your understanding by supplying frequent examples.

This 8th Edition comes with WileyPlus. This is where you can access an online version of the textbook. You can also access interactive iStudy resources. There is a comprehensive collection of practice tests that you can access that will help you ace your exams. It offers different questions and instant feedback to your answers. WileyPlus makes each study session successful. Here are some of the features that are offered:

• Extensive end of chapter activities. These activities include case studies, problems, questions, and exercises.
• Concepts for Review that begin at every chapter. This is so you can see what content you need to master before you proceed.
• Comprehensive, easy to follow, and clear explanations about accounting procedures. There is a particular focus on financial accounting processes.

Financial Accounting, 8th Edition also supplies students with a clear introduction to financial accounting. The authors understand that students can struggle in this course. They have developed a specific learning system. It illustrates key transactions and the accounting cycle. This edition keeps the students at the forefront of global problems that impact their future careers in accounting and business.

Students utilizing this system will spend more time with the material. It demonstrates the relevance. It also offers numerous opportunities for practice in the book and in WileyPlus. There are some things that are new to this edition:

• Accounting cycle visualized – There are more visual rather that textual presentations of equation analysis. This is included in the accounting cycle chapters. The relationship between posting, journal entries, debit/credit analysis, equation analysis, and basic analysis are now seen clearly.
• A look at IFRS – This prepares students for the marketplace. This includes IFRS self test questions, IFRS and GAPP Convergence efforts, the difference between IFRS and GAPP, and an IFRS overview. There is an IFRS application section that consists of an international comparative problem and review exercises.
• Common Chart of Accounts – The accounts utilized in WileyPlus, textbooks, and supplements were streamlined. Account titles are used all the way through. Difficult concepts can now be grasped easily by students.
• Planet, profit, and people – This is a new feature which addresses sustainability approaches of real world companies.
• Anatomy of a fraud – This is featured in all relevant chapters. This shows students the significance of internal controls. It also shows them how the lack of internal controls resulted in real world fraud.

There is also updated material for homework. Here is what the Wiley Advantage is about and what it does as well:

• Real world emphasis – This orients students to the application of accounting techniques and principles.
• Accounting across the organization – This gives students business context. This shows them how people utilize accounting information to make decisions in no accounting functions.
• Do it! exercises – This teaches students how to use their knowledge quickly after they have learned it.
• Comprehensive homework material – Each chapter has questions to test your knowledge. There is a review, problems, and exercises as well.
• Broadening your perspective section – This is designed to help develop students’ critical thinking skill and analysis.