Financial Accounting: A Business Process Approach attempts to bridge the gap between business and accounting. It starts out by setting the stage with a description of what a business is all about. This provides a framework in which students can see how accounting relates to and reports on business activities. This book shows how accounting fits into business as a company is created, operated, and expanded. It covers merchandising and inventory; integrates statement of cash flows, business risks, and internal controls; emphasizes financial statements; details accounting procedures with debits and credits, and integrates Excel into every chapter. For financial statement users and preparers.