Accounting Principles

This text provides coverage of financial and managerial accounting topics at an introductory level. Students see how accountants influence the internal decision-making environment, how managerial accounting relates to financial accounting, and how it differs. The accounting cycle is presented step-by-step in the first six chapters, illustrated by a continuous example, with a review at each stage. Alternative accounting methods are also discussed. This edition features engaging real-world examples and significant updating throughout. The end-of-chapter material includes comprehensive problems, critical thinking questions, and communication skills exercises, self-tests and ethics cases. There is also an updated discussion of the changing manufacturing environment.