Preface, The Accounting Cycle, Accounting: The Language of Business, Recording Changes in Financial Position, Measuring Business Income, Completion of the Accounting Cycle, Accounting for Purchases and Sales of Merchandise, Internal Control and Accounting Systems, The Control of Cash Transactions, Receivables, Inventories, Plant and Equipment and Depreciation and Intangible Assets, Current Liabilities and Payroll Accounting, Parthnerships, Accounting Principles and Concepts, Corporations, Bonds Payable and Leases and Other Liabilities, Investments in Corporate Securities, Income Taxes and Business Decisions, Measuring Cash Flows, Analysis and Interpretation of Financial Statements, Introduction to Managerial Accounting: Accounting for Manufacturing Operations, Cost Accounting Systems, Cost-Volume-Profit Analysis, Measuring and Evaluating Segment Performance, Budgeting and Standard Costs, Relevant Information and Incremental Analysis and Capital Budgeting, Index.