Chapter 1 Business decisions and financial accounting -- Chapter 2 The balance sheet -- Chapter 3 The income statement -- Chapter 4 Adjustments, financial statements, and financial results -- Chapter 5 Fraud, internal control, and cash -- Chapter 6 Merchandising operations and the multistep income statement -- Chapter 7 Inventories and cost of goods sold -- Chapter 8 Receivables, bad debt expense, and interest revenue -- Chapter 9 Long-lived tangible and intangible assets -- Chapter 10 Liabilities -- Chapter 11 Stockholders' equity -- Chapter 12 Statement of cash flows -- Chapter 13 Measuring and evaluating financial performance -- Appendix A Excerpts from the fiscal 2013 annual report of the Home Depot, Inc. -- Appendix B Excerpts from the fiscal 2013 annual report of Lowe's Companies, Inc. -- Appendix C Present and future value concepts -- Appendix D Investments in other corporations.

Fundamentals of Financial Accounting , presents an engaging, balanced, and appropriately paced analysis of the fundamentals of financial accounting. Its writing style makes it easy to read and understand, while the selection of real focus companies reinforces the relevance of accounting by introducing students to accounting and business activities in the context of their favorite companies. Balance between preparer and user orientations is achieved throughout the book, by studying both the accounting activities that take place inside the company, as well as evaluating their impact on decisions, and users outside the company. Topic coverage is paced appropriately for students new to accounting, and is thoroughly reinforced every step of the way with an ample variety of innovative pedagogical tools. Clearly understandable, relevant, and accessible, FFA is simply the most student-friendly financial book on the market and provides the tools for students to grasp financial accounting from the ground up.