Financial Accounting (McGraw-Hill International Editions Series)

Our goals in this text are to develop your abilities to understand accounting information and to use this information in making economic decisions. To understand accounting information, you must also understand the economic activities that the information describes. In this book, we focus primarily on business activities. However, many of the accounting concepts we discuss also apply to the economic activities of individuals, government, and nonprofit organizations. The purpose of accounting is to provide information useful to economic decision makers. Throughout the course, we will cast you in many decision-making roles. We have implemented many new elements to provide a greater understanding of how accounting information is used in decision making.