New edition of a financial accounting text that focuses on analysis and interpretation while retaining the basics of relevant accounting processes. Emphasizing the corporate form of business, it incorporates real world data into the text and problems. New material includes comprehensive analysis problems based on actual companies, information from financial statements of real companies, and WWW-based problems. Chapter introductions focus on the business issues underlying accounting concepts and applications. Annotation c. Book News, Inc., Portland, OR (booknews.com)