Includes bibliographical references and index.

The Environment of Accounting -- The FASB's Conceptual Framework of Accounting -- Review: The Accounting Information Processing System -- Review: The Income Statement and the Retained Earnings Statement -- Review: The Balance Sheet and the Statement of Cash Flows -- Interest: Concepts of Future and Present Value -- Revenue and Expense Recognition -- Cash and Receivables -- Inventory: Basic Valuation Methods -- Inventory: Alternative Valuation Methods -- Operational Assets: Acquisition, Disposal, and Exchange -- Operational Assets: Depreciation and Impairment -- Intangible Assets and Natural Resources -- Investments in Debt and Equity Securities -- Short-Term Liabilities -- Long-Term Liabilities -- Accounting for Leases -- Accounting for Pensions and Other Postemployment Benefits -- Accounting for Income Taxes -- Corporations: Contributed Capital -- Corporations: Retained Earnings and Stock Options -- Earnings per Share -- Statement of Cash Flows -- Accounting Changes and Error Corrections -- Special Topics: Disclosures, Segment Reporting, and Interim Reporting