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Financial Accounting
Seventh Edition
- Michelle Hanlon - Massachusetts Institute of Technology
- Robert Magee - Northwestern Universitiy
- Glenn Pfeiffer - Chapman University
Courses:
Principles of Management
Principles of Management
August 2025 | Cambridge Business Publishers
Formerly published by Cambridge Business Publishers, now published by Sage
Financial Accounting, Seventh Edition was written to prepare students for success in today’s business environment by emphasizing how financial statements are prepared and how the information in published financial reports is used by investors, creditors, analysts, and managers. Drawing on extensive experience teaching financial accounting at both the undergraduate and graduate levels, the text delivers an engaging, relevant, and accessible introduction to the discipline.
Designed for the first financial accounting course, the book balances financial statement preparation with analysis and interpretation. Students learn how accounting information supports informed business decisions through consistent exposure to real company data, disclosures, and financial analysis. With a strong real-world orientation and flexible instructional design, Financial Accounting accommodates a wide range of course formats, from accelerated offerings to full-semester courses.
A Complete Teaching and Learning Package
For additional information or to request a personalized tour of the following tools and resources, please contact your sales representative:
Learning Platform: This text is available with myBusinessCourse™, an easy-to-use online platform that helps students learn accounting. It includes auto-graded homework, integrated Excel® assignments, and engaging, author-created videos that reinforce key concepts. Designed to complement classroom instruction, it offers interactive tools that build understanding, improve retention, and boost student readiness for the CPA Exam and their entry into the professional world. And it works — 95.5% of students said it helped them learn accounting. myBusinessCourse™ is available with LTI integration for Blackboard, Canvas, Brightspace (D2L), and Moodle.
Instructor Resources/Ancillaries: To access the resources for this title—including the test bank, editable chapter PowerPoint® slides, solution files, and supplementary materials—please follow these easy steps:
Financial Accounting, Seventh Edition was written to prepare students for success in today’s business environment by emphasizing how financial statements are prepared and how the information in published financial reports is used by investors, creditors, analysts, and managers. Drawing on extensive experience teaching financial accounting at both the undergraduate and graduate levels, the text delivers an engaging, relevant, and accessible introduction to the discipline.
Designed for the first financial accounting course, the book balances financial statement preparation with analysis and interpretation. Students learn how accounting information supports informed business decisions through consistent exposure to real company data, disclosures, and financial analysis. With a strong real-world orientation and flexible instructional design, Financial Accounting accommodates a wide range of course formats, from accelerated offerings to full-semester courses.
A Complete Teaching and Learning Package
For additional information or to request a personalized tour of the following tools and resources, please contact your sales representative:
Learning Platform: This text is available with myBusinessCourse™, an easy-to-use online platform that helps students learn accounting. It includes auto-graded homework, integrated Excel® assignments, and engaging, author-created videos that reinforce key concepts. Designed to complement classroom instruction, it offers interactive tools that build understanding, improve retention, and boost student readiness for the CPA Exam and their entry into the professional world. And it works — 95.5% of students said it helped them learn accounting. myBusinessCourse™ is available with LTI integration for Blackboard, Canvas, Brightspace (D2L), and Moodle.
Instructor Resources/Ancillaries: To access the resources for this title—including the test bank, editable chapter PowerPoint® slides, solution files, and supplementary materials—please follow these easy steps:
- Visit mybusinesscourse.com.
- Sign in with your instructor account. New to myBusinessCourse™? Create an instructor account here.
- From your instructor dashboard, go to the Request Materials page and request access to this title's resources. Verified instructors receive immediate access; new accounts are typically verified within 48 business hours.
About the Authors
Preface
Brief Contents
Contents
Chapter 1: Introducing Financial Accounting
Chapter 2: Constructing Financial Statements
Chapter 3: Adjusting Accounts for Financial Statements
Chapter 4: Reporting and Analyzing Cash Flows
Chapter 5: Analyzing and Interpreting Financial Statements
Chapter 6: Reporting and Analyzing Revenues, Receivables, and Operating Income
Chapter 7: Reporting and Analyzing Inventory
Chapter 8: Reporting and Analyzing Long-Term Operating Assets
Chapter 9: Reporting and Analyzing Liabilities
Chapter 10: Reporting and Analyzing Leases, Pensions, Income Taxes, and Commitments and Contingencies
Chapter 11: Reporting and Analyzing Stockholders’ Equity
Chapter 12: Reporting and Analyzing Financial Investments
Appendix A: Compound Interest and the TimeValue of Money
Appendix B: Data Analytics and Blockchain Technology
Index