Includes bibliographical references and index.

Contents : Accounting: present and past -- Financial statements and accounting concepts/principles -- Fundamental interpretations made from financial statement data -- The Bookkeeping process and transaction analysis -- Accounting for and presentation of current assets -- Accounting for and presentation of property and equipment and other noncurrent assets -- Accounting for and presentation of liabilities -- Accounting for and presentation of owner's equity -- The Income statement and the statement of cash flows -- Explanatory notes and other financial information -- Financial statement analysis -- Managerial accounting and cost volume-profit relationships -- Cost accounting and reporting systems -- Cost analysis for planning -- Cost analysis for control -- Cost analysis for decision making.