Financial Accounting: A Business Process Approach explains accounting concepts in a way all readers can understand by organizing the material around how a business works. KEY TOPICS: Business: What's It All About?; Qualities of Accounting Information; Accruals and Deferrals: Timing Is Everything in Accounting; Payment for Goods and Services: Cash and Accounts Receivable; The Purchase and Sale of Inventory; Acquisition and Use of Long-Term Assets; Accounting for Liabilities; Accounting for Shareholders' Equity; Preparing and Analyzing the Statement of Cash Flows; Using Financial Statement Analysis to Evaluate Firm Performance; Quality of Earnings, Corporate Governance, and IFRS