Part I : Financial reporting and the accounting cycle. Accounting information : users and uses ; Financial statements : an overview ; The accounting cycle : the mechanics of accounting ; Completing the accounting cycle ; Internal controls : ensuring the integrity of financial information -- Part II : Operating activities. Receivables : selling a product or service ; Inventory and the cost of sales ; Completing the operating cycle -- Part III : Investing and financing activities. Investments : property, plant, and equipment and intangible assets ; Financing : long-term liabilities ; Financing : equity ; Investments : debt and equity securities -- Part IV : Other dimensions of financial reporting. Statement of cash flows ; Analyzing financial statements -- Appendix A : Wal-Mart 2009 annual report -- Appendix B : Present value tables -- Appendix C : Check figures.
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The eleventh edition of Financial Accounting guides students through the what, why and how of accounting in today's business world. This textbook offers a solid presentation of concepts and procedures blended with a wealth of real company examples and solved exercises to ensure student success in the practical application of fundamental accounting principles. Students will learn to effectively use and prepare financial accounting information for decision making with various features that encourage critical thinking, highlight ethical considerations, and consider global implications. Emphasizing the relevancy of accounting to the business world, this edition is designed to address a diversity of learning styles and career needs. --Publisher description.