This intermediate accounting text links accounting principles to the central activities of a business. A user/decision-making approach combined with the necessary coverage of GAAP and IFRS prepares students to understand accounting in terms of the activities of a business, which reflects the broadening definition of accounting today. With this edition's focus on codification, it will equip students with all that is the modern accounting environment. The text's efficient format does not overwhelm students, and its accessible style provides an alternative to more encyclopedic, reference-book approaches. The book offers a blend of the core concepts of accounting principles with procedural applications. This approach is supplemented with the most expansive set of end-of-chapter material on the market, a thorough integration of today's hot topics (the only intermediate text with an entire chapter on earnings management), and a robust selection of student and instructor print and technology resources.