The book Financial Accounting: Pearson New International Edition by Jane L. Reimers provides a solid foundation in the fundamentals of financial accounting. It explains how accounting practices are changing and impacting businesses, with new requirements for internal controls and policies. The book emphasizes understanding and analyzing information within financial statements.
The book covers a range of essential financial accounting topics, including:
- Conceptual framework and financial statements
- Recording business transactions
- Accrual accounting
- Presentation of financial statements
- Internal controls, cash, and receivables
- Inventory and merchandising operations
- Property, plant, and equipment (PPE), and intangibles
- Investments
- Liabilities
- Shareholders' equity
- Cash flows
- Financial statement analysis