Financial Reporting and Analysis, Third Edition, provides instructors with the teaching/learning approach for achieving many of the goals stressed by the Accounting Education Change Commission. Specifically, our book is designed to instill capacities for: 1) thinking in an abstract, logical manner, 2) solving unstructured problems, 3) understanding the determining forces behind management’s accounting choices, and 4) encouraging an integrated, cross-disciplinary view of financial reporting. Text discussions were written, and exercises, problems, and cases were carefully chosen to help achieve these objectives. But the book achieves these AECC goals without sacrificing technical underpinnings. Throughout, we explain in detail where the numbers come from, what measurement rules are used, and how they are entered into the accounting records. We have strived to provide a comprehensive user-oriented focus while simultaneously helping students build a strong technical foundation.

Chapter 1 The Economic and Institutional Setting for Financial
Reporting
Chapter 2 Accrual Accounting and Income Determination
Chapter 3 Additional Topics in Income Determination
Chapter 4 Structure of the Balance Sheet and Statement of
Cash Flows
Chapter 5 Essentials of Financial Statement Analysis
Chapter 6 The Role of Financial Information in Valuation, Cash
Flow Analysis, and Credit Risk Assessment
Chapter 7 The Role of Financial Information in Contracting
Chapter 8 Receivables
Chapter 9 Inventories
Chapter 10 Long-Lived Assets and Depreciation

Etc.