Author(s): Walter T. Harrison Jr.; Charles T. Horngren; Bill Thomas

Business

Financial Accounting gives readers a solid foundation in the fundamentals of accounting and the basics of Financial Statements, and then builds upon that foundation to offer more advanced/challenging concepts and problems. This scaffolded approach helps readers to better understand the meaning and relevance of financial information, see its relevance within a real-world context, as well as develop the skills needed to analyze financial information in their career.

While maintaining hallmark features of accuracy, readability, ease of understanding, and a wealth of accessible algorithmic problems, the Eleventh Edition includes updated explanations, coverage, and ratio analysis with decision-making guidelines. These latest methodologies and technology ensure that readers learn basic concepts in accounting in a way that is relevant, stimulating, and fun, while exercises and examples from real-world companies help readers gain a better grasp of the material.

KEY TOPICS: The Financial Statements; Transaction Analysis; Accrual Accounting & Income; Internal Control & Cash; Short-Term Investments & Receivables; Inventory & Cost of Goods Sold; Plant Assets, Natural Resources, & Intangibles; Long-Term Investments & the Time Value of Money; Liabilities; Stockholders' Equity; Evaluating Performance: Earnings Quality, the Income Statement, & the Statement of Comprehensive Income; The Statement of Cash Flows; Financial Statement Analysis; Apple Inc. Annual Report 2014; Under Armour, Inc. Annual Report 2014; Typical Charts of Accounts for Different Types of Businesses; Summary of Generally Accepted Accounting Principles (GAAP); Summary of Differences Between U.S. GAAP and IFRS Cross-Referenced to Chapter

MARKET: Intended for those who wish to gain a basic understanding of accounting.