We wrote this book to satisfy the needs of students taking their first financial accounting course by providing a high quality, contemporary, and engaging textbook at an affordable price. Financial Accounting for Undergraduates is written for students who want to understand how financial statements are prepared and how the information in published financial reports is used. The Fourth Edition has benefited from extensive feedback from adopters of the first three editions and suggestions from focus groups, market surveys, manuscript reviews, and interviews with faculty from across the country.