Financial Accounting in an Economic Context

Beyond the Box Motivating Tomorrow2s Managers Updated Text. Chapter Three has been rewritten to include new material on a framework for using financial statements to predict future earnings and cash flows. Coverage of leverage ratios and market ratios has also been added. Improved End-of-Chapter Material. An Internet research exercise has been added at the end of each chapter. New brief exercises and discussion problems based on real company information and identified by a "Real Data" icon are now included. Reverse Transactional Analysis. First introduced in the third edition, this enhanced two-part decision-making dimension now appears early in the text and is integrated throughout, providing a more user-friendly orientation that allows students to better understand the mechanical process that links financial statements back to the original transactions. Ethics in Action. Located at the end of each chapter, an ethical dilemma and relevant, open-ended questions drawn from the examples of actual companies challenge students2 critical-thinking abilities. Two Comprehensive Case Studies. Presented in appendix C, these thorough case studies provide a timely, well-placed opportunity to examine the real-world application of accounting principles in action.Pratt, Jamie is the author of 'Financial Accounting in an Economic Context' with ISBN 9780470001004 and ISBN 0470001003.