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New To This Edition：
‧ More accessibility for your students
。Book theme: focus on core topics provides students with tighter and more focused content to be covered. Over 60 reviewers and focus group attendees have reviewed the new edition!
。Inventory is now moved to Ch. 5 (previously Chapter 9) to follow merchandising (Chapter 5).
。Site maps appear at the beginning of each chapter and give students a roadmap to important chapter topics.
‧ More help with practice, testing, and grading assignments
。ONEKEY is all you need. OneKey provides a wealth of teaching and learning resources all in one place, including: powerpoints with audio, tutorial videos, self-review quizzes, and more. OneKey is available in the course management platform of choice: BlackBoard, WebCT, and CourseCompass.
。PH GradeAssist is included in ONEKEY. PH GradeAssist enables students to complete text-specific assignments that are automatically graded and entered into a Gradebook. Students may also use the algorithmic questions in PH GradeAssist for infinite test preparation.
。Test Generator now includes algorithmic questions.

Ch.1 Accounting and the Business Environment
Ch.2 Recording Business Transactions
Ch.3 The Adjusting Process
Ch.4 Completing the Accounting Cycle
Ch.5 Merchandising Operations
Ch.6 Merchandise Inventory
Ch.7 Accounting Information Systems
Ch.8 Internal Control and Cash
Ch.9 Receivables
Ch.10 Plant Assets and Intangibles
Ch.11 Current Liabilities and Payroll
Ch.12 Partnerships
Ch.13 Corporations: Paid-in Capital and the Balance Sheet
Ch.14 Retained Earnings, Treasury Stock, and the Income Statement
Ch.15 Long Term Liabilities
Ch.16 Investments and International Operations
Ch.17 The Statement of Cash Flows
Ch.18 Financial Statement Analysis
Ch.19 Introduction to Management Accounting
Ch.20 Job Costing
Ch.21 Process Costing
Ch.22 Cost-Volume-Profit Analysis
Ch.23 The Master Budget and Responsibility Accounting
Ch.24 Flexible Budgets and Standard Costs
Ch.25 Activity-Based Costing and Other Cost Management Tools
Ch.26 Special Business Decisions and Capital Budgeting
APPLENDES
GLOSSARY
INDEXES