The #1 market-leading text for financial accounting. Meets the needs of both preparer-and user-oriented faculty. The Fourth edition is streamlined, rewritten to improve readability, and enhanced technology package. New "Checkpoint Exercises" serve as warm-ups/confidence-builders. New "Decision Guidelines with Excel Exercises" help ALL students to understand how to use accounting information to make good business decisions. Includes a PHLIP/CW web site with on-line study guide, and free, downloadable tutorial and general ledger software. The new distance learning course includes rich course content and is available in WebCT, Blackboard, and eCollege platforms.