Table of Contents

Part 1 Financial reporting and the accounting cycle: accounting in the information age; financial statements and business transactions; analyzing and measuring business transactions; adjusting accounts for financial statements. Part 2 Accounting for operating activities; accounting for merchandising activities; merchandise inventories and cost of sales. Part 3 Accounting for investing activities: cash and internal control; receivable and investments; plant assets, natural resources, and intangibles. Part 4 Accounting for financing activities: current and long-term liabilities; bonds and long-term notes payable; equity transactions and corporate reporting. Part 5 Analysis of accounting information: reporting and analyzing cash flows; analysis of financial statements. Appendices: Financial statements of Nike, Reebok, and America Online; present and future values; partnerships, international transactions, and special journals; ethics codes; chart of accounts.