Includes glossary

Includes bibliographical references and index.

Accounting environment: what is accounting and why is it done? -- Financial statements: a window on an entity -- Accounting cycle -- Income measurement and the objectives of financial reporting -- Cash flow, profitability, and the cash flow statement -- Cash, receivables, and the time value of money -- Inventory -- Capital assets: property, plant, and equipment, intangibles, and goodwill -- Liabilities -- Owners' equity -- Investments in other companies -- Analyzing and interpreting financial statements.