Financial accounting and reporting : an introduction. Financial accounting and reporting a treoretical structure. The accounting process : an overview. The income statement. The balance sheet (statement of financial position). The statement of cash flows. Revenue recognition and income determination. Cash, current receivables and payables, and contingencies. Inventory valuation : determining cast and using cost flow assumptions. Inventory valuation : departures from historical cost and methods of estimating inventory cost. Plant assets and intangibles : acquisition and subsequent expenditures. Plant assets and intangibles : depreciation, depletion amortization, and disposition. Financial instruments . equity securities. Financial instruments : debt securities. Leases. Pensions and other postretirement benefits. Accounting for income taxes. Stockholders'equity. Accounting changes and error analysis. Earnings per share. Revisiting the statement of cash flows additional disclosure topics