Financial accounting

The subject of financial accounting is inherently interesting, but financial accounting textbooks are often not as they fail to demonstrate that accounting is an exciting field of study and one that is important to future careers in business. The authors considered career relevance as their guide when selecting material, and the need to engage the student as their guide to style, pedagogy, and design. This is the only financial accounting text to successfully implement a real-world, single focus company approach in every chapter. Readers have welcome the use of focus companies and the real-world financial statements. The companies chosen are engaging and the decision-making focus shows the relevance of financial accounting.

Includes index.

Machine generated contents note: ch. 1 Business, Accounting, and You -- Business, Accounting, and You -- What Is a Business, and Why Study Accounting? -- The Definition of a Business -- The General Concept of Value -- Business Owners and Other Stakeholders -- The Goal of a Business -- How Does a Business Operate? -- Resources Needed to Start and Operate a Business -- Operating the Business -- The Cost of Money -- How Are Businesses Organized? -- The Types of Businesses -- The Legal Forms of Businesses -- What Is Accounting, and What Are the Key Accounting Principles and Concepts? -- Generally Accepted Accounting Principles -- International Financial Reporting Standards -- The Business Entity Principle -- The Reliability (Objectivity) Principle -- The Cost Principle -- Accounting Ethics: A Matter of Trust -- What Is the Role of Accounting in a Business? -- How Do You Recognize a Business Transaction? -- Cash Accounting -- Accrual Accounting -- How Do You Measure a Business Transaction? -- How Do You Record Business Transactions Using the Accounting Equation? -- Transaction Analysis -- Stockholders' Equity -- How Do You Report Business Transactions Using Financial Statements? -- The…