Includes index.

Perspectives - the environment of accounting -- Communication of accounting information -- Content of financial statements -- Transaction analysis -- Matching of expenses with revenue each period -- Information processing in an accounting system -- Accounting for sales revenue and measurement of revenue deductions -- Costing methods for measuring inventory and cost of goods sold -- Cash, short-term investments in securities and receivables -- Operational assets - plant and equipment, natural resources and intangibles -- Measurement and reporting of liabilities -- Measurement and reporting of bonds payable -- Measurement and reporting of owners' equity -- Measurement and reporting of long-term investments -- The statement of changes in financial position -- Using and interpreting financial statements -- Consolidated statements - measurement and reporting.