Accounting: Concepts and Applications, 8E introduces its readers to basic accounting concepts, captures their interest with an abundance of real world examples, and provides them with some basic accounting knowledge. Then, it shows them how accounting is used and analyzed in actual case situations.-- The book contains numerous real-world examples, adapted from financial newspapers and business publications that illustrate important concepts being discussed, enabling the reader to see how the accounting topics are applied and interpreted in real-world situations.-- Most chapters are divided into two parts. The first part includes material that needs to be covered to understand essential accounting concepts, while the second part features "expanded material" dealing with nonessential topics or additional complexities to be covered at the readers discretion.-- There is a focus on business activities in this edition.