Financial Accounting: An Integrated Statements Approach – Carl S. Warren, James M. Reeve, Jonathan Duchac – 2nd Edition

Duchac, Reeve, Warren provides an effective new approach to help accounting majors and business students learn and understand financial accounting. The text introduces an integrated financial statements framework that clearly illustrates the inter-relationships between the cash flow statement, income statement and the balance sheet.

This integrated framework focuses on providing students with a sound understanding of how the financial statements work together to provide a picture of a company’s financial performance, while at the same time teaching students the impact of transactions on the financial statements. This methodology offers a blend of concepts and procedures, which helps students get to the “ah-ha” moment in accounting education sooner by focusing on how the financial statements come together BEFORE introducing debits and credits.