This book, adopted at some 70 schools in its 12-year history, presents accounting, finance, and auditing using clear narrative with extensive illustrations. It balances accessibility with rigor. Pedagogical features that make it easy to use include a coherent layout, complete set of PowerPoint® slides, comprehensive Problems and Solutions, Conceptual Questions, and International Comparisons plus a glossary, bibliography, index, and teacher's manual. The fifth edition adds material on international accounting and other hot topics. It can be used as the primary book for a one-, two-, or three-credit accounting course or to supplement business associations, corporations, or corporate finance courses.