Financial Accounting :Reporting and Analysis , 7/e is most interesting, relevant and understandable financial accounting text available. The objective of this text is to prepare students to succeed as future business managers. The important themes of the text are the business and financial statement analysis. The target audience for the book is first year MBA students and also useful in high quality undergraduate programs.

Table of Contents

PART 1. INTRODUCTION TO FINANCIAL STATEMENTS.
The Nature and Purpose of Financial Accounting.
Overview of the Financial Statements.
Introduction to Financial Statement Analysis.
The Balance Sheet.
The Income Statement.
The Statement of Cash Flows.

Case 1 IBM.

PART 2. THE ACCOUNTING INFORMATION SYSTEM.
The Accounting Information System.
Earnings Management.

PART 3. OPERATING DECISIONS.
Revenue Cycle: Sales, Receivables, and Cash.
Cost of Goods Sold and Inventory.
Expenditure Cycle: Other Operating Items.

Case 2 Procter & Gamble.

PART 4. INVESTING DECISIONS.
Investments in Operating Assets.
Investments in Securities.

Case 3 Intel.

PART 5. FINANCING DECISIONS.
Financing with Debt.
Financing with Equity.

Case 4 AT&T.

PART 6. ADDITIONAL REPORTING AND ANALYSIS.
Accounting in a Global Market.16 Issues in Financial Statement Interpretation: Changing Prices and Alternative
Accounting Methods
Case 5 Coca-Cola.