For Introductory Financial Accounting courses at the MBA level, and for rigorous undergraduate courses. A unique blend of theory, practice, and robust financial statement analysis. Introduction to Financial Accounting describes the most widely accepted accounting theory and practice with an emphasis on using and analyzing the information in financial statements. This text also compares U.S. GAAP to IFRS where relevant.
1. Accounting: The Language of Business 2. Measuring Income to Assess Performance The Portfolio 3. Recording Transactions 4. Accrual Accounting and Financial Statements 5. Statement of Cash Flows 6. Accounting for Sales 7. Inventories and Cost of Goods Sold 8. Long-Lived Assets 9. Liabilities and Interest 10. Stockholders Equity Glossary Index