This student-friendly examination of accounting theory and practice offers extensive real-world examples and illustrations throughout—from corporations such as Microsoft, Coca Cola, Hershey Foods, IBM, General Motors, and General Electric. The authors' active writing style makes the presentation readable and appealing, explaining complex topics in a manner that students will find relevant. Less-frequently covered topics are transferred to Appendices or to the text's website, shortening the book and enabling students to focus on those concepts presented.