Description
Designed to be used in a one-term financial accounting course for undergraduate students at four-year colleges and universities, this text presents accounting concepts, principles, and reporting with an emphasis on cash basis accounting, within the framework of the statement of cash flows. Real-world applications are emphasized through chapter-opening stories of real companies, boxes on business scenarios, and an annual report from a well-known company. Annotation (c) Book News, Inc., Portland, OR (booknews.com)
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This text offers a blend of procedures and concepts. The initial chapters are unique in the marketplace because they focus on how transactions affect financial statements while minimizing the coverage of debits and credits. The heart of the financial chapter is organized around the balance sheet, with real company examples used in both the body of the chapters as well as the end-of-chapter materials. Cash basis accounting is used in the accounting cycle chapters before accrual accounting is presented. This is a key distinguishing feature.
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