Principles of accounting / Belverd E. Needles, Marian Powers, Susan V. Crosson.

Includes bibliographical references and index.

Uses of accounting information and the financial statements -- How to read an annual report -- Analyzing business transactions -- Measuring business income -- Closing entries and the work sheet -- Financial reporting and analysis -- The annual report project -- The operating cycle and merchandising operations -- Inventories -- Cash and receivables -- Current liabilities and fair value accounting -- Long-term assets -- Long-term liabilities -- Stockholders' equity -- The statement of cash flows -- Financial performance measurement -- Investments -- Accounting for unincorporated businesses -- Present value tables