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Aileen Ormiston teaches in the Accounting Department in the W.P. Carey School of Business at Arizona State University and has taught in the MBA, honors, and online programs. She received her bachelor’s degree in accounting from Michigan State University and a master’s degree in finance from Texas A&M University. Prior to embarking on her teaching career, Aileen worked in cost accounting and also as an auditor in public accounting. She taught accounting and general business courses for 30 years at Mesa Community College, one of 13 universities and colleges that received a grant from the Accounting Education Change Commission. As a result of her pioneering work in changing accounting education, she was the recipient of the “Innovator of the Year” award from the League for Innovation in the Community College. For her service to honors students, Aileen has been named a Phi Theta Kappa mentor.

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Organization of the Eleventh Edition

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Uses for the Eleventh Edition

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Acknowledgments

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About the Authors

1. Financial Statements: An Overview
2. The Balance Sheet
3. Income Statement and Statement of Stockholders’ Equity
4. Statement of Cash Flows
5. The Analysis of Financial Statements

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Appendixes

A.¿¿¿¿Summary of Financial Ratios

B.¿¿¿¿Solutions to Self-Tests

C.¿¿¿¿Glossary

Index

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