"Financial Accounting: A Valuation Emphasis" integrates an understanding of valuation concepts with accounting principles. The authors place considerable emphasis on the economic consequences of accounting practices. You'll develop a solid background in basic accounting processes and disclosures, and the critical role of accounting in valuation. The book: highlights the valuation and economic consequences of core accounting concepts; emphasizes the construction of accounting information and how that information affects the value of the firm; offers an inviting and accessible presentation, with real-world examples and transactions; provides an early treatment of statement of cash flows and financial statement analysis; illustrates key concepts, including valuation models through an integrated example of a hypothetical company; and helps you appreciate the significance of accounting information to managers, investors, regulators, and others with an interest in the firm's affairs.