This textbook presents the basic accounting model that generates the three principal financial statements, describes generally accepted accounting principles, and illustrates methods for interpreting and evaluating financial statements currently published in corporate annual reports. The 11th edition adds a section on ethical concerns, and replaces
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"I think it is an organized and well written textbook. I like the sequencing of the chapters and the introduction of the Statement of cash flows in chapter 4. The main reason for adopting the textbook is its focus on the concepts and methods. It really helps the students put each topic in context."
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