A student finishing a financial accounting course needs to understand how to read and comprehend a simple annual report. Even more, that student needs to by able to discern what information is needed to make sound business decisions. This is why, from the very first edition, we pursued a User Perspective with a clear focus on Decision Making. The text clearly presents transactions in a spreadsheet format that indicates the effect on the accounting equation, giving you the ability to keep your students focused on business decisions.
Chapter 1 Accounting as a Form of Communication
Chapter 2 Financial Statements and the Annual Report
Chapter 3 Processing Accounting Information
Chapter 4 Income Measurement and Accrual Accounting
Chapter 5 Inventories and Cost of Goods Sold
Chapter 6 Cash and Internal Control
Chapter 7 Invesiments and Receivables
Chapter 8 Operating Assets: Property, Plant, and Equipment, Natural Resources, and Intangibles
Chapter 9 Current Liabilities, Contingencies, and the Time Value of Money
Chapter 10 Long-Term Liabilities
Chapter 11 Stockholders' Equity
Chapter 12 The Statement of Cash Flows
Chapter 13 Financial Statement Analsis