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Description
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Fully updated and revised, the seventh edition of Financial Accounting explores important concepts from an economic perspective. By focusing on three elemental themes -- economic factors, measurement issues, and decision-making perspective -- Jamie Pratt's text provides a better understanding of the relevance of principles as applied in the real world. Virtually every concept covered refers to a real company, a real situation, or a real event. This takes an integrative look at accounting and finance by considering the impact of economics, internal controls, international standard, ethics, decision-making, and earnings management. A complete financial picture can be drawn using the tools presented in this text.
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