Accounting: information for decision making. Basic financial statements. The accounting cycle: capturing economic events. The accounting cycle: accruals and deferrals. The accounting cycle: reporting financial results. Comprehensive problem 1- West branch rent all. Merchandising activities. Financial assets. Inventories and the cost of goods sold. Comprehensive problem 2- Guitar universe, Inc. Plant and intangible assets. Liabilities. Stockholders' equity: paid-in capital. Income and changes in retained earnings. Statement of cash flows. Financial statement analysis. Comprehensive problem 3- Tootsie roll industries, Inc. Global business and accounting.