Financial & Managerial Accounting - Fifth Edition

Aug 6, 2026

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Financial & Managerial Accounting - Fifth Edition provides a structured framework for understanding how businesses record transactions, adjust and complete the accounting cycle, and prepare financial statements. It covers core topics such as merchandising operations, inventories, cash and internal control, receivables, plant assets and liabilities, and corporate equity. The text extends to statement of cash flows, financial analysis, managerial accounting, costing methods, budgeting, cost-volume-profit, incremental analysis, and capital investment planning.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages1516

Reading Time63 h 40 min

AccessFree to download

Brief Contents

Accounting in Action

The Recording Process

Adjusting the Accounts

Completing the Accounting Cycle

Accounting for Merchandising Operations

Inventories

Fraud, Internal Control, and Cash

Accounting for Receivables

Plant Assets, Natural Resources, and Intangible Assets

Liabilities

Corporations: Organization, Stock Transactions, and Stockholders’ Equity

Statement of Cash Flows

Financial Analysis: The Big Picture

Managerial Accounting

Job Order Costing

Process Costing

Activity-Based Costing

Cost-Volume-Profit

Incremental Analysis

Pricing

Budgetary Planning

Budgetary Control and Responsibility Accounting

Standard Costs and Balanced Scorecard

Planning for Capital Investments

Financial & Managerial Accounting Fifth Edition Financial & Managerial Accounting Fifth Edition JERRY J . WEY GAN DT PhD , CPA University of Wisconsin—Madison Madison, Wisconsin PAUL D . KIMMEL PhD, CPA University of Wisconsin—Madison Madison, Wisconsin JILL E . MITCHELL MS, MEd, CIA The University of Virginia Charlottesville, Virginia DEDICATED TO Our spouses, Enid, Merlynn, and Sean, for their love, support, and encouragement. Senior Editorial Director: Michelle Renda Senior Manager, Product Innovation: Veronica Schram Director Content, Education & Reference: Angela Cohen Senior Managing Editor: Nicole Repasky Marketing Manager: Molly Firlotte Senior Designer: Jon Boylan Cover Image: ©John Harper/Getty Image This book was typeset in 9.5/12 STIX Two Text at Lumina Datamatics, Inc. Wiley is a global leader in research and education, unlocking human potential by enabling discovery, powering education, and shaping work-forces. For over 200 years, Wiley has fueled the world’s knowledge ecosystem. Today, our high-impact content, platforms, and services help researchers, learners, institutions, and corporations achieve their goals [in an ever-changing world. Visit us at Wiley.com](in an ever-changing world. Visit us at Wiley.com). Copyright © 2025 by John Wiley & Sons, Inc. All rights reserved, including rights for text and data mining and training of artificial intelligence technologies or similar technologies. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying recording, scanning or otherwise, except as permitted under Sections 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher or authorization through payment of the appropriate percopy fee to the Copyright Clearance Center, 222 Rosewood Drive, Danvers, MA 01923,(978) 750-8400, fax (978) 646-8600. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc. , 111 River Street, Hoboken, NJ 07030-5774,(201) 748-6011, fax (201) 748-6008. Readers should be aware that websites listed in this work may have changed or disappeared between when this work was written and when it is read. Neither the publisher nor authors shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages. Evaluation copies are provided to qualified academics and professionals for review purposes only, for use in their courses during the next academic year. These copies are licensed and may not be sold or transferred to a third party. Upon completion of the review period, please return the evaluation copy to Wiley. Return instructions and a free-of-charge return shipping label are available [at www.wiley.com/go/returnlabel. If you have](at www.wiley.com/go/returnlabel. If you have)[ ](at www.wiley.com/go/returnlabel. If you have)[chosen to adopt this textbook for use in your course](chosen to adopt this textbook for use in your course), [please accept this book as your complimentary desk copy](please accept this book as your complimentary desk copy). Outside of the United States, please contact your local representative. EPUB ISBN: 978-1-394-24895-7 The inside back cover will contain printing identification and country of origin if omitted from this page. In addition, if the ISBN on the back cover differs from the ISBN on this page, the one on the back cover is correct. Printed in the United States of America. 1 0 9 8 7 6 5 4 3 2 1 Brief Contents 1 Accounting in Action 1-1 2 The Recording Process 2-1 3 Adjusting the Accounts 3-1 4 Completing the Accounting Cycle 4-1 5 Accounting for Merchandising Operations 5-1 6 Inventories 6-1 7 Fraud, Internal Control, and Cash 7-1 8 Accounting for Receivables 8-1 9 Plant Assets, Natural Resourc

FAQs

What topics are covered in the financial accounting sections?

The book covers the recording process, adjusting accounts, completing the accounting cycle, merchandising operations, inventories, fraud and internal control, cash, receivables, plant assets and intangible assets, liabilities, and corporations including stockholders’ equity.

Which managerial accounting topics are included?

Managerial accounting topics include job order costing, process costing, activity-based costing, cost-volume-profit (and additional issues), incremental analysis, pricing, budgeting and budgetary control, responsibility accounting, standard costs and the balanced scorecard, and planning for capital investments.

Does the book include analysis of cash flows and financial performance?

Yes. It includes a section on the statement of cash flows and a dedicated chapter on financial analysis to view the big picture.

Aug 6, 2026

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