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USING FINANCIAL ACCOUNTING INFORMATION, Sixth Edition, is a non-debit/credit text known for its strong decision-making focus and its incorporation of flagship companies for increased relevance. The student-friendly presentation and innovative transaction analysis of the new edition ensures students master financial accounting concepts and the role of those concepts in business decision making. This edition includes a discussion of the current environment of financial reporting, specifically the International Financial Reporting Standards.
1. Accounting as a Form of Communication. 2. Financial Statements and the Annual Report. 3. Processing Accounting Information. 4. Income Measurement and Accrual Accounting. 5. Inventories and Cost of Goods Sold. 6. Cash and Internal Control. 7. Investments and Receivables. 8. Operating Assets: Property, Plant, and Equipment; Natural Resources, and Intangibles. 9. Current Liabilities, Contingencies, and the Time Value of Money. 10. Long-Term Liabilities. 11. Stockholders' Equity. 12. The Statement of Cash Flows. 13. Financial Statement Analysis. Appendix A: The Accounting Profession. Appendix B: Kellogg's 2006 Annual Report. Appendix C: General Mills 2006 Annual Report. Appendix D: International Financial Reporting Standards.