This exciting introduction arms readers with a practical set of tools and the confidence they need to use those tools effectively in making business decisions. It begins with a macro view of accounting information by presenting real financial statements. The authors clearly establish how a financial statement communicates the financing, operating, and investing activities of a business.





Table of Contents:



Chapter 1. Introduction to Financial Statements.

Chapter 2. A Further Look at Financial Statements.

Chapter 3. The Accounting Information System.

Chapter 4. Accrual Accounting Concepts.

Chapter 5. Merchandising Operations and the Multiple-Step Income Statement.

Chapter 6. Reporting and Analyzing Inventory.

Chapter 7. Internal Control and Cash.

Chapter 8. Reporting and Analyzing Receivables.

Chapter 9. Reporting and Analyzing Long-Lived Assets.

Chapter 10. Reporting and Analyzing Liabilites.

Chapter 11. Reporting and Analyzing Stockholder's Equity.

Chapter 12. Statement of Cash Flows.

Chapter 13. Performance Measurement.

Appendix A. Specimen Financial Statements: Tootsie Roll Industries, Inc.

Appendix B. Specimen Financial Statements: Hershey Foods Corporation.

Appendix C. Time Value of Money.

Appendix D. Reporting and Analyzing Investments.

Photo and Logo Credits.

Company Index.

Subject Index.