Accounting and the business environment -- Recording business transactions -- Measuring business income: the adjusting process -- Completing the accounting cycle -- Merchandising operations and the accounting cycle -- Accounting information systems: special journals, control accounts, and subsidiary ledgers -- Internal control, managing cash, and making ethical judgments -- Accounts and notes receivable -- Accounting for merchandise inventory -- Accounting for plant assets, intangible assets, and related expenses -- Current liabilities and payroll accounting -- Accounting for partnerships -- Corporate organization, paid-in capital, and the balance sheet -- Retained earnings, tresury stock, and the income statement -- Long-term liabilities -- Accounting for investments and international operations -- Preparing and using the statement of cash -- Financial statement analysis -- Introduction to management accounting -- Job costing -- Process costing -- Cost-volume-profit analysis and the contribution margin approach to decision making -- The master budget and responsibility accounting -- Flexible budgets and standard costs -- Acitvity-based costing and other tools for cost management -- Special business decisions and capital budgeting.