Financial Accounting

Financial Accounting, 18th Edition, is a textbook designed to balance user and preparer instructional approaches. The text provides a grounding in accounting basics to prepare accounting majors for future coursework while presenting relevant business contexts for other majors.

Core subject areas include the accounting cycle, merchandising activities, inventories and the cost of goods sold, corporate liabilities, and the statement of cash flows. The text also covers financial statement analysis and global business.

Chapters incorporate dedicated boxes for Ethics, Fraud & Corporate Governance, Your Turn, and Case in Point. For this 2021 release, revisions drew on data highlighting topics where students struggled, alongside refreshed problems and real-world examples.