This book combines leading-edge accounting content with state of the art technology to provide accounting student every advantage as they strive to understand the key concepts of accounting and their role in business. The book’s innovation is reflected in its extensive use of small business examples, the integration of new computerized learning tools, superior end of chapter material, and a highly engaging, pedagogical design. This book will explain about comprehensive coverage of accounting cycle fundamentals. Chapter opening vignettes showcasing dynamic, successful individuals and companies. Innovative technology such as homework manager, wich provides students with instant grading and feedback for assignments completed online. A new appendix comparing international financial reporting standards (IFRSs) adopted in most Asian countries with the generally accepted accounting principles (GAAP) used in the United States.