Introduction to Financial Accounting

The publisher, Prentice Hall Business Publishing
This best-selling text offers a relevant, real-world approach to financial accounting theory, terminology, and procedures. Students learn how to comprehend a typical corporate annual report and to use accounting as a tool in understanding how economic events affect business. An exceptionally strong pedagogy and flexible structure provide instructors with great latitude in choosing various combinations of breadth and depth, theory and procedures, simplicity and complexity. Simple concepts are introduced early and revisited at more sophisticated levels as students gain sophistication and understanding, and concepts are made concrete at every step with actual, current company illustrations. An extensive selection of supplements help students move beyond the text for hands-on experience with the real world of financial accounting.


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This best-selling book offers a relevant, real-world approach to financial accounting. Readers learn how to evaluate and analyze a typical corporate annual report and to use accounting as a tool in understanding business. The Eighth Edition now includes: real-world company examples such as Cisco, Nantucket Nectars, and Teva; new “Cognitive Exercises” and “Business First” boxes; new on-line courses and step-by-step tutorials on the leading professional software packages; and new CD-ROM series, “Mastering Accounting.” The book's chapters cover accounting: the language of business, measuring income to assess performance, recording transactions, using financial statements, accounting for sales, inventories and cost of goods sold, long-lived assets and depreciation, liabilities and interest, valuing and accounting for bonds and leases, statement of cash flows, stockholders' equity, intercorporate investments and consolidations, financial statement analysis, and conceptual framework and measurement techniques.


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