Concept This self-paced introduction to financial accounting presents the ideas and terminology essential to an understanding of balance sheets, income statements, and statements of cash flows. This engaging text is aimed at he active user of business data. Essentials of Accounting requires readers to solve accounting problems, based on the authors' belief that this is the most effective way to understand the meaning and use of accounting information. Thus, every frame requires student involvement-either selecting a correct word from two choices, providing an answer, making a journal entry, or preparing a complete balance sheet. Features *Detailed step-by-step approach guarantees mastery of basics. *Develops essential ideas from basic concepts and defines accounting terms through concise examples. *Self-contained booklet includes an expanded glossary/index of terms with definitions, exhibits, and post tests with answers for each chapter.