Includes index

Contents: Accounting: the language of business -- Recording changes in financial position -- Measuring business income -- Completing of the accounting cycle -- Merchandising concerns, Internal control, and accounting systems: accounting for purchases and sales of merchandise -- Internal control and accounting systems -- Accounting for assets: The control of cash transactions -- Receivables -- Inventories -- Plant and equipment , depreciation, intangible assets, and natural resources -- Current liabilities, partnerships, and accounting principles: Current liabilities and payroll accounting -- Partnerships -- Accounting principles and concepts -- Corporations: corporations:organization and shareholders' equity --corporations:operations, earnings per share, and dividens -- Bonds payable, leases, and mortgage notes payable-- Appendix a -- Applications of present value --Investments in corporate securities --Special reports and uses of accounting information -- Income taxes and business decisions --Statement of changes in financial position -- Appendix b T-account method for the preparation of statement of changes in financial position -- Analysis; and interpretation of financial statements -- Appendix c accounting for the effects of inflation -- Managerial accounting:cost accounting systems -- Introduction to managerial accounting:accounting to manufacturing operations -- Cost accounting systems