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Summary

This bestseller has powered the careers of countless professionals. The new edition builds on the book's reputation for comprehensiveness, accuracy, and currency, incorporating all the recent changes to the accounting literature. Updated with the latest developments and standards in the field. The book includes a CD-ROM with an accounting cycle tutorial, a financial statement analysis primer, an annual report database, spreadsheet tools, career resources, and more. It will help readers develop the knowledge- and skills-base they need to succeed as professional accountants.

Table of Contents

Financial Accounting and Accounting Standards
Conceptual Framework Underlying Financial Accounting
The Accounting Information System
Income Statement and Related Information
Balance Sheet and Statement of Cash Flows
Accounting and the Time Value of Money
Cash and Receivables
Valuation of Inventories: A Cost Basis Approach
Inventories: Additional Valuation Issues
Acquisition and Disposition of Property, Plant, and Equipment
Depreciation, Impairments, and Depletion
Intangible Assets
Current Liabilities and Contingencies
Long-Term Liabilities

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