Financial Accounting: An Integrated Statements Approach is an innovative text that uses a unique pedagogical approach to enhance student learning of financial accounting. Designed for a one-term financial accounting course, the text is written for either undergraduate students at two- or four-year colleges and universities or by first-year MBA (Masters of Business Administration) students with no prior accounting background. The text combines a thorough understanding of accounting concepts, principles, and reporting with applications to actual business settings. The text emphasizes the “why” rather than just “how” generally accepted accounting principles are applied.