Fully updated and revised, the sixth edition of Financial Accounting explores important concepts from an economic perspective. By focusing on three elemental themes--economic factors, measurement issues, and decision-making perspective--you will gain a better understanding of the relevance of principles as applied in the real world. Virtually every concept covered refers to a real company, a real situation, or a real event.

The sixth edition:

• Presents a new corporate governance theme that is integrated throughout the book.
• Places an increased emphasis on analysis in the middle chapters.
• Provides new EOC materials that require readers to analyze the financial statements of real companies using a new database available on the Pratt BCS.
• Reflects the most current thinking in the field with the help of over 10,000 relevant references to actual events and real companies.
• Includes in-depth discussions of legal liability, ethical issues, and management's incentives and influence on financial reports.