Fully updated and revised, the sixth edition of Financial Accounting explores important concepts from an economic perspective. By focusing on three elemental themes--economic factors, measurement issues, and decision-making perspective--readers will gain a better understanding of the relevance of principles as applied in the real world. Virtually every concept covered refers to a real company, a real situation, or a real event.
Fully updated and revised, the sixth edition of Financial Accounting explores important concepts from an economic perspective. By focusing on three elemental themes--economic factors, measurement issues, and decision-making perspective--you will gain a better understanding of the relevance of principles as applied in the real world. Virtually every concept covered refers to a real company, a real situation, or a real event.
The sixth edition:
- Presents a new corporate governance theme that is integrated throughout the book.
- Places an increased emphasis on analysis in the middle chapters.
- Provides new EOC materials that require readers to analyze the financial statements of real companies using a new database available on the Pratt BCS.
- Reflects the most current thinking in the field with the help of over 10,000 relevant references to actual events and real companies.
- Includes in-depth discussions of legal liability, ethical issues, and management's incentives and influence on financial reports.
Contents:
Part 1: An Overview of Financial Accounting.
1. Financial Accounting and its Economic Context.
2. The Financial Statements.
Part 2: Measurement, Mechanics, and Use of Financial Statements.
3. The Measurement Fundamentals of Financial Accounting.
4. The Mechanics of Financial Accounting.
5. Using Financial Statement Information.
Part 3: Assets: A Closer Look.
6. The Current Asset Classification, Cash, and Accounts Receivable.
7. Merchandise Inventory.
8. Investments in Equity Securities.
9. Long-Lived Assets.
Part 4: Liabilities and Stockholder's Equity: A Closer Look.
10. Introduction to Liabilities: Economic Consequences, Current Liabilities, and Contingencies.
11. Long-Term Liabilities: Notes, Bonds, and Leases.
12. Stockholders' Equity.
Part 5: Income and Flows.
13. The Complete Income Statement.
14. The Statement of Cash Flows.
Appendices.
A. Wal-Mart Inc. 2001 Annual Report.
B. The Time Value of Money.
C. Quality of Earnings Cases: A Comprehensive Review.
Fully updated and revised, the sixth edition of Financial Accounting explores important concepts from an economic perspective. By focusing on three elemental themes--economic factors, measurement issues, and decision-making perspective--you will gain a better understanding of the relevance of principles as applied in the real world. Virtually every concept covered refers to a real company, a real situation, or a real event.
The sixth edition:
- Presents a new corporate governance theme that is integrated throughout the book.
- Places an increased emphasis on analysis in the middle chapters.
- Provides new EOC materials that require readers to analyze the financial statements of real companies using a new database available on the Pratt BCS.
- Reflects the most current thinking in the field with the help of over 10,000 relevant references to actual events and real companies.
- Includes in-depth discussions of legal liability, ethical issues, and management's incentives and influence on financial reports.
Contents:
Part 1: An Overview of Financial Accounting.
1. Financial Accounting and its Economic Context.
2. The Financial Statements.
Part 2: Measurement, Mechanics, and Use of Financial Statements.
3. The Measurement Fundamentals of Financial Accounting.
4. The Mechanics of Financial Accounting.
5. Using Financial Statement Information.
Part 3: Assets: A Closer Look.
6. The Current Asset Classification, Cash, and Accounts Receivable.
7. Merchandise Inventory.
8. Investments in Equity Securities.
9. Long-Lived Assets.
Part 4: Liabilities and Stockholder's Equity: A Closer Look.
10. Introduction to Liabilities: Economic Consequences, Current Liabilities, and Contingencies.
11. Long-Term Liabilities: Notes, Bonds, and Leases.
12. Stockholders' Equity.
Part 5: Income and Flows.
13. The Complete Income Statement.
14. The Statement of Cash Flows.
Appendices.
A. Wal-Mart Inc. 2001 Annual Report.
B. The Time Value of Money.
C. Quality of Earnings Cases: A Comprehensive Review.