1 Accounting: The Language of Business 2 Measuring Income to Assess Performance 3 Recording Transactions 4 Accrual Accounting and Financial Statements 5 Statement of Cash Flows 6 Accounting for Sales 7 Inventories and Cost of Goods Sold 8 Long-Lived Assets and Depreciation 9 Liabilities and Interest 10 Stockholders' Equity 11 Intercorporate Investments and Consolidations 12 Financial Statement Analysis Glossary