Principles of accounting / Belverd E. Needles, Jr., Marian Powers, Susan V. Crosson.

Includes bibliographical references and indexes.

Uses of accounting information and the financial statements -- Analyzing business transactions -- Measuring business income -- Completing the account cycle -- Financial reporting and analysis -- How to read an annual report -- The operating cycle and merchandising operations -- Inventories -- Cash and receivables -- Current liabilities and the time value of money -- Internal control -- Long-term liabilities -- The corporate income statement and the statement of stockholder's equity -- The statement of cash flows -- Investments -- Financial performance measurement -- The changing business environment: a manger's perspective -- Cost concepts and cost allocation -- Costing systems: job order and process costing -- Activity-based systems: ABM and JIT -- Cost behavior analysis -- The budgeting process -- Performance management and evaluation -- Standard costing and variance analysis -- Analysis for decision making.