Updated and revised, this tenth edition helps accountants build strong critical thinking skills and a sound theoretical background. This textbook enables them to evaluate accounting practice in today's increasingly global world economy. This textbook presents the Accounting Theory in a simple to understand manner.

A unique and timely collection of cases and readings cover all areas of accounting and shows how the latest accounting standards impact decision making. New FASB codification cases provide up-to-date information. Room for Debate cases in each chapter, as well as updated disclosure examples throughout the book, also engage accountants as they learn how the material relates to their profession.