Financial Accounting

For introductory Financial Accounting courses that are not using debits and credits. Relevance for majors and non-majors-accounting concepts explained in a business context. Financial Accounting: A Business Process Approach explains accounting concepts in a way all majors can understand by organizing the material around how a business works. This text's business process approach presents a business topic and then shows the accounting concepts behind it-rather than solely explaining accounting concepts based on the balance sheet order.Chapter 1. Business: What's It All About? Chapter 2. Qualities of Accounting Information Chapter 3. Accruals and Deferrals: Timing Is Everything in Accounting Chapter 4. Payment for Goods and Services: Cash and Accounts Receivable Chapter 5. The Purchase and Sale of Inventory Chapter 6. Acquisition and Use of Long-Term Assets Chapter 7. Accounting for Liabilities Chapter 8. Accounting for Shareholders' Equity Chapter 9. Preparing and Analyzing the Statement of Cash Flows Chapter 10. Using Financial Statement Analysis to Evaluate Firm Performance Chapter 11. Quality of Earnings, Corporate Governance, and IFRS