FINANCIAL ACCOUNTING provides students with an understanding of those concepts that are fundamental to the use of accounting. Starting with a “macro” view of accounting information, the authors present real financial statements and establish how a financial statement communicates the financing, investing, and operating activities of a business to users of accounting information.  They motivate students by grounding the discussion in the real world, showing them the relevance of the topics covered to their future career.

The authors identify a finite set of tools necessary to make business decisions based on financial information: the Decision Toolkit.  This toolkit is consistently re-introduced throughout the text, logically sequenced to take full advantage of the tools presented in earlier chapters, and summarized in the final chapter.  This thorough integration of the use of financial statements for decision making, makes this text one of the most user-oriented currently available.

The new Active Learning Edition includes:

• The loose-leaf, 3-hole punched format gives students maximum flexibility and portability. They can put a single chapter and corresponding Working Papers material into a small binder and bring that to class instead of carrying around the entire text.
• The Student Workbook is now included with the text! The Student Workbook is a convenient resource that guides students through chapter content. Each chapter contains Objectives, Reviews, Exercises, a Demonstration problem, True/false, multiple choice, and matching questions.    
• Also, the Take Action! CD is included in the ALE package. The CD contains many useful tools that can help Students do well in the course.  
• The Active Learning Edition is priced less than a normal new text—about the same price or less than a used version of the text.