Financial Accounting: In an Economic Context. This item is unavailable.Financial Accounting: In an Economic Context

By focusing on three elemental themes––economic factors, measurement issues, and decision–making perspective––Jamie Pratt′s book provides an enlightening coverage of financial accounting from an economic perspective, at once tightening the conceptual framework while enriching the essential contextual relevance of principles every business manager needs to understand.

Beyond the Box

Motivating Tomorrow′s Managers

Updated Text. Chapter Three has been rewritten to include new material on a framework for using financial statements to predict future earnings and cash flows. Coverage of leverage ratios and market ratios has also been added.

Improved End–of–Chapter Material. An Internet research exercise has been added at the end of each chapter. New brief exercises and discussion problems based on real company information and identified by a "Real Data" icon are now included.

Reverse Transactional Analysis. First introduced in the third edition, this enhanced two–part decision–making dimension now appears early in the text and is integrated throughout, providing a more user–friendly orientation that allows students to better understand the mechanical process that links financial statements back to the original transactions.

Ethics in Action. Located at the end of each chapter, an ethical dilemma and relevant, open–ended questions drawn from the examples of actual companies challenge students′ critical–thinking abilities.

Two Comprehensive Case Studies. Presented in appendix C, these thorough case studies provide a timely, well–placed opportunity to examine the real–world application of accounting principles in action.