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x Preface
Financial Accounting Video Library. The Financial Accounting Video Library
includes short, action-oriented videos for lively classroom discussion of topics, in-
cluding disclosure practices, accounting quality, the role of International Accounting
Standards, and the impact of regulators. (ISBN 978-0-07-237616-6[0-07-237616-3])
Prerequisite Skills Development. There are materials to aid readers
in understanding basic accounting and finance concepts: (1) MBA
Survival Kit—Accounting Interactive CD—ISBN: 978-0-07-304454-5(0-07-304454-7),
and (2) Essentials of Finance with Accounting Review CD—ISBN:
978-0-07-256472-3(0-07-256472-5).
Customer Service. 1-800-338-3987 or access http://www.mhhe.com
ACKNOWLEDGMENTS
We are thankful for the encouragement, suggestions, and counsel provided by many in-
structors, professionals, and students in writing this book. It has been a team effort and
we recognize the contributions of all these individuals. They include the following pro-
fessionals who read portions of this book in various forms:
Kenneth Alterman Michael A. Hyland George B. Sharp
(Standard & Poor’s) (First Boston Corp.) (CITIBANK)
Michael Ashton Robert J. Mebus Fred Spindel
(Ashton Analytics) (Standard & Poor’s) (PricewaterhouseCoopers)
Clyde Bartter Robert Mednick Frances Stone
(Portfolio Advisory Co.) (Arthur Andersen) (Merrill Lynch & Co.)
Laurie Dodge William C. Norby Jon A. Stroble
(Interbrand Corp.) (Financial Analyst) (Jon A. Stroble & Associates)
Vincent C. Fung David Norr Jack L. Treynor
(PricewaterhouseCoopers) (First Manhattan Corp.) (Treynor-Arbit Associates)
Hyman C. Grossman Thornton L. O’Glove Neil Weiss
(Standard & Poor’s) (Quality of Earnings Report) (Jon A. Stroble & Associates)
Richard Huff Paul Rosenfield Gerald White
(Standard & Poor’s) (AICPA) (Grace & White, Inc.)
We also want to recognize the following instructors and colleagues who provided
valuable comments and suggestions for this edition and past editions of the book:
Rashad Abdel-Khalik Dick Baker Shyam Bhandari
(University of Illinois) (Northern Illinois University) (Bradley University)
M. J. Abdolmohammadi Steven Balsam Fred Bien
(Bentley College) (Temple University)
(Franklin University)
Robert N. Anthony Mark Bauman
(Harvard University) (University of Northern Iowa) John S. Bildersee
(New York University)
Hector R. Anton William T. Baxter
(New York University) (CUNY—Baruch) Linda Bowen
Terry Arndt William Belski (University of North
(Central Michigan University) (Virginia Tech) Carolina–Chapel Hill)
Florence Atiase Martin Benis Vince Brenner
(University of Texas at Austin) (CUNY—Baruch) (Louisiana State University)