In this revised, and updated edition of Introduction To Financial Accounting, the readers are guided through several concepts in the field of Financial Accounting. This book also comprises of a number of chapter-end problems, which are based on analyzing financial statements. In total, there are 12 chapters in this book, each covering different aspects of financial accounting. The chapters present in this book include Measuring Income To Assess Performance, Accrual Accounting And Financial Statements, Intercorporate Investments And Consolidations, Liabilities And Interest, Financial Statement Analysis, Accounting: The Language Of Business, Accounting For Sales, Long-Lived Assets And Depreciation, Inventories And Cost Of Goods Sold, and Stockholder’s Equity.
Through the course of this book, the readers are educated on the importance of ethics, in terms of business dealings, and accounting. All in all, this book is highly recommended for students who desire to gain a sound understanding of the subject of Financial Accounting.