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