Now in its fifth edition,this text's primary goal remains the same -- teaching students to understand the impact of accounting information on a company's financial statements.Students learn to analyze transactions and their impact on financial reports and business decisions;By organizing the text around the flow of information through a business,the authors provide students with a sound understanding of the accounting information system as well as how the financing,investing,and operating activities of the firm affect financial information.

FINANCIAL ACCOUNTING

SECTION F1 The Accounting Information System

F1 Accounting and Organizations

F2 Business Activities--The Source of Accounting Information

F3 Measuring Revenues and Expenses

F4 Reporting Earnings and Financial Position

F5 Reporting Cash Flows

F6 Full and Fair Reporting

F7 Computerized Accounting Systems

SECTION F2 Analysis and Interpretation of Financial Accounting Information

F8 The Time Value of Money

F9 Financing Activities

F10 Analysis of Financing Activities

F11 Investing Activities

F12 Analysis of Investing Activities

F13 Operating Activities

F14 Analysis of Operating Activities

Appendix A Coca-Cola Annual Report: Letter to Shareholders

Appendix B General Mills,Inc.2002 Annual Report

Appendix C Sources of Information about Companies and Industries

Glossary

Index