Includes index

Contents: The Accounting model -- Getting started in business -- Accounting as a form of communication -- Financial statements and the annual report -- Processing accounting information -- Income measurement and accrual accounting -- Accounting tools: work sheets -- Accounting for assets -- Merchandise accounting and internal control -- Accounting tools: internal control for a merchandising company -- Inventories and cost of goods sold -- Accounting tools: inventory costing methods using perpetual inventory system -- Cash, investments, and receivables -- Operating assets: property, plant, and equipment, natural resouces, and intangibles -- Accounting for liabilities and owners' equity -- Current liabilities, contingencies, and the time value of money -- Accounting tools: payroll accounting -- Accounting tools: using excel for problems involving interest calculations -- Long-term liabilities -- Accounting tools: other liabilities -- Stockholders' equity -- Additional topics in financial reporting -- The Statement of cash flows -- Accounting tools: a work-sheet approach to the statement of cash flows -- Financial statement analysis -- Accounting tools: reporting and analyzing other income statement items -- Appendix A: Winnebago industries annual report -- Appendix B: Monaco coach corporation annual report.