The fact is, it's no longer enough to simply teach our students how to account for a past transaction. Our students need to see how accounting relates to and interacts with business. They need to know more about the way a business works and how accounting fits into business processes.

In an attempt to bridge the gap between business and accounting, I've written Financial Accounting: A business   Process Approach. I set the stage with a description of what a business is all about. This provides a framework in which students can see how accounting relates to and reports on business activities. The book then emphasizes the basic business processes and how accounting fits into that framwork.

There is nothing revolutionary about the accounting in this book. Traditional financial statements and the accounting equation are emphasized, but how accounting relates to business processes is at the core.

This book is for financial statement users and preparers. It's for accounting majors and non-majors and even for non-business majors. It is no longer enough for us to teach students how to record transactions and prepare financial statement s or even how to use financial statements. In order for students to understand what accounting is all about, they need to see how it fits into and relates to business processes.
Financial Accounting: A Business Process Approach seeks to do that.

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 Keeping the books: The Mechanics of an Accounting System
Chapter 5 Acquisitions: Purchase and Use of Business Assets
Chapter 6 Acquisitions and Payment: Inventory and Liabilities
Chapter 7 Sales and Collection Cycle
Chapter 8 Special Acquisition: Financing a Business with Debt
Chapter 9 Special Acquisition: Financing a Business with Equity
Chapter 10 Preparing the Statement of Case Flows
,etc.