Contents: Financial accounting and accounting standards -- Conceptual framework underlying financial accounting -- The accounting information system -- Income statement and related information -- Balance sheet and statement of cash flows -- Accounting and the time value of money -- Cash and receivables -- Valuation of inventories: a cost-basis approach -- Inventories: additional valuation issues -- Acquisition and disposition of property, plant and equipment -- Depreciation, impairments and depletion -- Intangible assets -- Current liabilities and contingencies -- Long-term liabilities -- Stockholders' equity -- Dilutive securities and earnings per share -- Investments -- Revenue recognition -- Accounting for income taxes -- Accounting for pensions and postretirement benefits -- Accounting for leases -- Accounting changes and error analysis -- Statement of cash flows -- Full disclosure in financial reporting --