For introductory Financial Accounting courses that are not using debits and credits. Relevance for majors and non-majors - accounting concepts explained in a business context. Financial Accounting: A Business Process Approach explains accounting concepts in a way all majors can understand by organizing the material around how a business works. This text's business process approach presents a business topic and then shows the accounting concepts behind it - rather than solely explaining accounting concepts based on the balance sheet order. The new edition is completely integrated with MyAccountingLab - Pearson's Web-based training and assessment software - so students can have unlimited practice and experience more I Get it! moments.

Chapter 1 Business: What's It All About?
Chapter 2 Qualities of Accounting Information
Chapter 3 Accruals and Deferrals: Timing Is Everything in Accounting
Chapter 4 Payment for Goods and Services: Cash and Accounts Receivable
Chapter 5 The Purchase and Sale of Inventory
Chapter 6 Acquisition and Use of Long-Term Assets
Chapter 7 Accounting for Liabilities
Chapter 8 Accounting for Shareholders' Equity
Chapter 9 Preparing and Analyzing the Statement of Cash Flows
Chapter10 Using Financial Statement Analysis to Evaluate Firm Performance
Chapter11 Quality of Earnings, Corporate Governance, and IFRS