Financial Accounting

Financial Accounting, 11th Edition, provides students with a clear understanding of financial accounting by framing accounting processes in the context of real-world business practices. Concepts are presented in an engaging story-telling approach and help answer key questions such as "why, what, and how" financial accounting connects to business success.

By building a solid foundation in the mechanics of preparing and analyzing financial statements, performance measurement (Return on Equity), and decision-making with the help of data analytics, Financial Accounting, 11th Edition helps students better prepare to be effective and successful business professionals.

Part 1 An Overview of Financial Accounting

1 Financial Accounting and Its Economic Context

2 A Closer Look at the Financial Statements

Part 2 Measurement, Mechanics, and Use of Financial Statements

3 The Measurement Fundamentals of Financial Accounting

4 The Mechanics of Financial Accounting

5 Using Financial Statement Information

Part 3 Assets: A Closer Look

6 The Current Asset Classification, Cash, and Accounts Receivable

7 Merchandise Inventory

8 Investments in Equity Securities

9 Long-Lived Assets

Part 4 Liabilities and Shareholders’ Equity: A Closer Look

10 Introduction to Liabilities: Economic Consequences, Current

Liabilities, and Contingencies

11 Long-Term Liabilities: Notes, Bonds, and Leases

12 Shareholders’ Equity

Part 5 Income and Cash Flows

13 The Complete Income Statement

14 The Statement of Cash Flows

Appendices

A The Time Value of Money

B Quality of Earnings Cases: A Comprehensive Review

Glossary

Subject Index

Company Index

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