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Introducing students to basic accounting concepts, this book provides real-world examples (both US and international) and shows how accounting is used in actual case situations. This book features a technology based system that provides teaching and learning solutions in an interactive environment. The learning system consists of 3 elements, Web Tutor Advantage (on Web CT, Blackboard, and non-platform specific), Personal Trainer, and the Product Web Site. A comprehensive problem, integrating multiple issues and methods, is found at the end of each part of the text, and discussion cases that encourage classroom discussion of real-world business situations have been added to this new edition. Several concise summaries are presented within each chapter to help students remember the important points just discussed, and each chapter concludes with a comprehensive summary, organized by learning objectives. Each chapter contains an ethics case relating to the topics covered in the chapter. These cases present ethical dilemmas that require students to think about behavioural and moral issues in business and accounting. To help students develop a global perspective, many international examples are provided throughout.