An excellent introduction to financial accounting, this book informs the reader about its significant role in making sound business decisions. With its concentration on the uses of financial accounting rather than on the preparation of accounting information, the authors present the information in a manner that makes the topic readily available for use in a broad number of ways. This complete and easy to understand financial accounting book covers the following topics briefly, yet economic decision-making and business in the United States; balance sheets; income statements and statements of owners' equity; economic management; the accounting system; long-lived depreciable assets; inventory accounting; cash flow statements; and a close look at financial statement analysis. For readers needing a book that will allow them a basic understanding of financial accounting.

From the Back Cover

Key Benefit: Seeks to inform readers how to be wise users, not necessarily preparers of accounting information — a focus endorsed and supported by the AECC. The authors put accounting information into the broader business context, emphasizing what accounting information is, why it is important, and how it is used to make strategic economic decisions. Key Topics: Goes from a general setting to one specifically relating to economic decision-making. Provides traditional and innovative end-of-chapter assessment material. Integrates Real Annual Report Information! Market:

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