Includes glossary and index.

Chapter 1: Accounting in business -- Chapter 2: Analyzing and recording transactions -- Chapter 3: Adjusting accounts and preparing financial statements -- Chapter 4: Completing the accounting cycle -- Chapter 5: Merchandising operations -- Chapter 6: Inventories and cost of sales -- Chapter 7: Cash and internal controls -- Chapter 8: Receivables -- Chapter 9: Long-term assets -- Chapter 10: Current liabilities -- Chapter 11: Long-term liabilities -- Chapter 12: Income and equity -- Chapter 13: Statement of cash flows -- Chapter 14: Financial statement analysis -- Appendix A: Financial statement information -- Appendix B: Time value of money.

This new edition continues to provide leading accounting content that engages and motivates students. It helps students to develop good decision-making habits as they prepare, analyze, and apply accounting information. It also includes the current financial reports of Nestle and Adidas to further reinforce real-world relevance of accounting concepts.