1 Accounting:The Language of Business

2 Measuring Income to Assess Performance

3 Recording Transactions

4 Accrual Accounting and Financial Statements

5 Statement of Cash Flows

6 Accounting for Sales

7 Inventories and Cost of Goods Sold

8 Long-Lived Assets and Depreciation

9 Liabilities and Interest

10 Stockholders'Equity

11 Intercorporate Investments and Consolidations

12 Financial Statement Analysis