Financial Accounting

In this text, the authors illustrate accounting not as a set of technical procedures to be memorised, but as a way of identifying and understanding business problems and a means for evaluating potential solutions. The primary goal of this text remains the same - to teach the reader how to understand a company's financial statement information. This unique organization introduces the learner to how a business uses accounting information and then emphasises activities of the firm in the second half of the book. This engages the reader in the type of financing, investing and operating decisions that a firm has to make. The approach is especially ideal for those who are users of accounting information because concepts - not procedures - are emphasised.