Contents: Introduction to business activities and overview of financial statements and the reporting process -- Balance sheet: presenting the investments and financing of a firm -- Income statement: reporting the results of operating activities -- Statement of cash flows: reporting the effects of operating, investing , and financing activities on cash flows -- Introduction to financial statement analysis -- Receivables and revenue recognition -- Inventories: the source of operating profits -- Long-lived tangible and intangible assets: the source of operating capacity -- Liabilities: introduction -- Liabilities : off-balance-sheet financing, leases, deferred income taxes, and retirement benefits -- Marketable securities, derivatives, and investments -- Shareholders' equity: capital contributions, distributions and earnings --Statement of cash flows: another look -- Synthesis: significance and implications of alternative accounting principles -- Compound interest: concepts and applications -- Compound interest, annuity, and bond tables.

Includes bibliographical references and index.