Contents: Accounting : The Basis for business decisions -- Recording changes in financial condition -- Measuring business income -- Complete of the accounting cycle -- Accounting for purchases and sales of merchandise -- Control procedures in a merchandising business -- Data processing systems : Manual, Mechanical, and eclectronic : Manual data processing -- Mechanical data processing -- Electronic data processing -- The Control of cash transactions -- Receivables and payables -- Inventories -- Plant and equipment : Depreciation -- Plant and equipment , natural resources and intangibles -- Payroll accounting -- Accounting principles -- Partnerships -- Corporations: Organization and operation -- Corporations: Earnings per share , retained earnings and dividends -- Corporations : Bonds payable and investments in corporate securities -- Corporations : Consolidated statements -- Income taxes and business decisions -- Analysis and interpretation of financial statements -- Statement of changes in financial position: Funds flow analysis -- Responsibility accounting : Departments and branches -- Accounting for manufacturing operations -- Cost accounting systems -- Managerial control : standard costs and budgeting -- Cost - Revenue analysis for decision making -- Other uses by management of accounting -- Solutions to demonstration problems -- Selected financial statements of well - known corporations