Includes Index.

Contents: Accounting: the language of business -- Changes in financial position -- Measuring business income and completing the accounting cycle -- Year-end! -- Accounting for merchandising activities -- Introduction to financial statement analysis and the statement of cash flows -- Financial assets -- Inventories and the cost of goods sold -- Plant assets and depreciation -- Liabilities -- Forms of business organization -- Reporting unusual events and special equity transactions -- Measuring cash flows -- Accounting concepts, professional judgement and ethical conduct -- Appendix A: Annual report of to "R" US -- Appendix B: Exploring the internet -- Appendix C: Accounting systems, internal control and input -- Appendix D: The "Time- value " of money: future amounts and present values -- Appendix E: International accounting and foreign currency transactions -- Appendix F: Income taxes and business decisions -- Appendix G: Analysis and interpretation of financial statements: a second look -- Appendix H: Not-for-profit organizations and governmental accounting.