Financial accounting /
Jeffrey Waybright, Robert Kemp.
- Upper Saddle River, N.J. : Prentice Hall, c2010.
- xi, 426 p. : ill. (some col.) ; 29 cm.
Includes index.
Business, accounting,and you -- Analyzing and recording business transactions -- Adjusting and closing entries -- Accounting for a merchandising business -- Inventory -- Ethics, internal control, and IFRS -- Cash and receivables -- Long-term assets -- Current liabilities and long-term debt -- Corporations : paid-in capital and retained earnings -- The statement of cash flows -- Financial statement analysis.
This textbook introduces students to the accounting function and how it is used within our economic society. The authors look at accounting as an information-generating system that communicates financial data to support end users in their economic decision-making. They include the theory and concepts of accounting, as well as their view of accounting as "the language of business" and as the art of communicating financial information about a business entity to users such as shareholders and managers.