Summary

For one-term courses in Financial Accounting at the undergraduate and graduate levels. 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 supplements package together with a flexible structure provide instructors with great latitude in choosing various combinations of breadth and depth, theory and procedures, simplicity and complexity. *Offers a leaner organization - with 14 chapters (reduced from 16) that can be easily covered in a one-term course; *Topics have been integrated and discussion tightened; to shorten length without sacrificing depth of coverage. *Chapter on Income Taxes has been eliminated. *Tightens and condenses discussion of the accounting cycle. *Eliminates the chapter on 'Internal Control and Ethics' and integrates coverage of both topics throughout the text where appropriate.