Financial Accounting: A User Perspective

Financial accounting from the perspective of the person who will be using the data. This book shows the accountant how to effectively record, summarize, and report financial information. It discusses accounting in a manufacturing environment and further expands on the complexities of accrual based accounting.

Takes a user's view of accounting information, focusing on the understanding and use of corporate annual reports as a primary source of accounting information. Emphasizes the importance of topics such as cash flows, ratio analysis, and consolidations. Discusses accounting in the manufacturing environment and accrual basis accounting. Covers recognition and valuation issues of all asset, liability, and owners' equity accounts on the balance sheet. Ethical issues, critical thinking, and international issues are covered.