Includes index.

Accounting and the business environment -- Recording business transa ctions -- The adjusting process -- Completing the accounting cycle -- M erchandising operations -- Merchandise inventory -- Internal control an d cash -- Receivables -- Plant assets and intangibles -- Current liabil ities, payroll, and long-term liabilities -- Corporations : paid-in cap ital and the balance sheet -- Corporations : effects on retained earnin gs and the income statement -- The statement of cash flows -- Financial statement analysis -- Introduction to management accounting -- Job ord er and process costing -- Activity-based costing and other cost managem ent tools -- Cost-volume-profit analysis -- Short-term business decisio ns -- Capital investment decisions and the time value of money -- The m aster budget and responsibility accounting -- Flexible budgets and stan dard costs -- Performance evaluation and the balanced scorecard.