Taking the same practical approach as Principles of Accounting I, this book teaches the second part of introductory accounting courses, including FASB requirements for the statement of cash flow. Covering specialized areas and aspects of business such as manufacturing costs, budgets, standard costs and financial ratios, the contents match those of the leading acocunting textbooks. Students in regular and special accounting prgrams and nonmajors will also appreciate the selection of fully solved problems.