Accounting / Carl S. Warren, James M. Reeve, Philip E. Fess.

Includes bibliographical references and indexes.

Introduction to accounting and business -- Analyzing transactions -- The matching concept and the adjusting process -- Completing the accounting cycle -- Accounting systems and internal controls -- Accounting for merchandising businesses -- Cash -- Receivables -- Inventories -- Fixed assets and intangible assets -- Current liabilities -- Corporations : Organization, Capital stock transactions, and dividends -- Accounting for partnerships and limited liability corporations -- Income taxes, unusual income items, and investments in stocks -- Bonds payable and investments in bonds -- Statement of cash flows -- Financial statement analysis -- Introduction to managerial accounting and job order cost systems -- Process cost systems -- Cost behavior and cost-volume-profit analysis -- Budgeting -- Performance evaluation using variances from standard costs -- Performance evaluation for decentralized operations -- Differential analysis and product pricing -- Capital investment analysis.

The most successful higher education text of all time keeps getting better. The authors adapt their proven approach to accounting's evolving role in business and use the preparation of financial statements as the framework for understanding what accounting is all about. Accounting provides a solid foundation of accounting concepts with unique features to show how users can use accounting to understand business.