Maximize understanding and prepare students for future learning and careers in accounting and business. Financial Accounting, Twelfth Edition enhances its focus on real-world decision-making processes with data analytics and insights while retaining the pedagogy on which users have come to rely. Thorough coverage of procedures, early introduction of the Accounting Cycle from a corporate perspective, and robust assignment content provide a solid foundation for learning the essential concepts, techniques, and methods of financial accounting.

1 Accounting in Action 2 The Recording Process 3 Adjusting the Accounts 4 Completing the Accounting Cycle 5 Accounting for Merchandising Operations 6 Inventories 7 Fraud, Internal Control, and Cash 8 Accounting for Receivables 9 Plant Assets, Natural Resources, and Intangible Assets 10 Liabilities 11 Corporations: Organization, Stock Transactions, and Stockholders Equity 12 Statement of Cash Flows 13 Financial Analysis: The Big Picture APPENDICES APPENDIX A Specimen Financial Statements: Apple Inc. APPENDIX B Specimen Financial Statements: PepsiCo, Inc. APPENDIX C Specimen Financial Statements: The Coca-Cola Company APPENDIX D Specimen Financial Statements: Amazon.com, Inc. APPENDIX E Specimen Financial Statements: Walmart Inc. APPENDIX F Time Value of Money APPENDIX G Reporting and Analyzing Investments APPENDIX H Payroll Accounting APPENDIX I Subsidiary Ledgers and Special Journals APPENDIX J Accounting for Partnerships APPENDIX K Other Significant Liabilities