Part 1 The role of accounting as an information system: environment and theoretical structure of financial accounting; review of the accounting process; the income statement and statement of cash flows; income management and profitability analysis; the balance sheet and financial disclosures; time value of money. Part 2 Economic resources: cash and receivables; inventories - measurement; inventories - additional issues; operational assets - acquisition; operational assets - utilization and disposition. Part 3 Financial instruments: investments; current liabilities and contingencies; bonds and long-term notes; leases; accounting for income taxes; pensions; employee benefit plans; shareholders' equity. Part 4 Additional topics: earnings per share; accounting changes and error corrections; the statement of cash flows revisited.