Presents in a form balancing technical accuracy with accessibility the fundamental principles of accounting and finance. Although the book is rigorous, its objective is not to train readers as accountants or financial analysts but rather to enable them to operate more effectively as professionals when issues of accounting or finance arise. Designed for use as a primary textbook for a two- or three-credit course on accounting; as the primary textbook for accounting portions of classes on business associations, corporations, and corporate finance; or as a supplementary text for such courses.