Fully updated and revised, the sixth edition of Financial Accounting explores important concepts from an economic perspective. By focusing on three elemental themes--economic factors, measurement issues, and decision-making perspective--you will gain a better understanding of the relevance of principles as applied in the real world. Virtually every concept covered refers to a real company, a real situation, or a real event. The sixth edition: Presents a new corporate governance theme that is integrated throughout the book. Places an increased emphasis on analysis in the middle chapters. Provides new EOC materials that require readers to analyze the financial statements of real companies using a new database available on the Pratt BCS. Reflects the most current thinking in the field with the help of over 10,000 relevant references to actual events and real companies. Includes in-depth discussions of legal liability, ethical issues, and management's incentives and influence on financial reports.