PART I: THE ACCOUNTING MODEL We start with an introduction to using accounting information (based on Intel Corporation). This begins our strong focus on interpreting financial results. Next, we introduce the basics of an accounting information system, processing business transactions, adjusting and closing entries, and accounting for a merchandising business. PART II: INTERNAL CONTROL AND INCOME MEASUREMENT ISSUES In this section we discuss internal control issues, receivables, short-term financing, inventories and long-lived assets. PART III: FINANCING AND INVESTING ISSUES In this section we discuss corporations: long-term liabilities, and investments. PART IV: REPORTING AND ANALYSIS ISSUES In the last section we discuss statement of cash flows, interpretation of financial statements, business consolidations, and international accounting and reporting issues
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