Financial Accounting : Concepts and Applications (7th ed)

K. Fred Skousen introduces students to basic accounting concepts, and uses real world examples (both U.S. and international), provides them with some basic accounting knowledge, and then shows them how accounting is used and analyzed in actual case situations.

This book does not take an encyclopaedic approach to every possible nuance of financial statement preparation, or alternative way to perform accounting functions, since students who desire that level of detail will find it in more advanced classes.