This engaging book lays the foundation for readers to succeed on the CPA exam and ultimately in their professional practice. The new edition continues to reflect the conversational style and clarity that has made this a leader in the market. It explores the key concepts and principles while using the PepsiCo financial statement to clearly show how the information is applied in the real world. The book has also been updated with the latest data as to reflect today's business environment.

Chapter 1 Accounting in Action
Chapter 2 The Recording Process
Chapter 3 Adjusting the Accounts
Chapter 4 Completion of the Accounting Cycle
Chapter 5 Accounting for Merchandising Operations
Chapter 6 Inventories
Chapter 7 Accounting Information Systems
Chapter 8 Internal Control and Cash
Chapter 9 Accounting for Receivables
Chapter 10 Plant Assets, Natural Resources, and Intangible Assets
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