Includes index.

Part One. Introduction -- Part Two. Processing Accounting -- Part Three. Assets and Liabilities -- Part Four. Accounting Theory and Partnership -- Part Five. Corporations -- Part Six. Analysis of Financial Statements -- Part Seven: Accounting in Manufacturing Companies -- Part Eight. Planning, Control, And Decision Making.

Accounting Principles is designed for use in first-year accounting courses at two-year colleges, four-year colleges, and universities. The authors' goal is to present accounting information as an essential element of the decision-making process in a business environment. The material describes basic standards and principles that underlie accounting information, indicates how accounting information is accumulated, and explains how such information can be used in the decision-making process.