Fundamental Financial Accounting Concepts W/Annual Report,& Topic Tackler - with Student Success CD, Topic Tackler, Annual Report, Net Tutor and OLC Premium Card (5 Rev ed)

The goal of "Fundamental Financial Accounting Concepts" is to enable students to understand how any given business event affects the financial statements.

The "financial statements model" is a highly praised feature because it allows students to visualize the simultaneous impact of business events on all of the key financial statements (the income statement, the balance sheet, and the statement of cash flows).

The mechanics of accounting coverage (debits and credits) is delayed until chapter 4.

Instructors have flexibility as to the amount of emphasis they want to place on this topic.