Principles of Accounting Volume 1 - Financial Accounting 1st edition by Franklin

Principles of Accounting Volume 1 - Financial Accounting 1st edition by Franklin introduces the accounting cycle and the preparation, analysis, and interpretation of financial statements. The text covers transactions, adjusting entries, merchandising operations, internal controls, cash, receivables, inventory, long-lived assets, liabilities, equity, and statement analysis. Students learn how accounting information supports external reporting and business decision-making. Designed for introductory financial accounting courses, this volume explains concepts step by step and reinforces the relationship between journal entries, ledgers, trial balances, and formal reports used by owners, creditors, investors, and managers.