1.Provide a text with real-world content



　　•All chapters contain excerpts from the popular business press and references to familiar real-world companies, institutions, and events. Some companies featured include American Airlines, Compaq Computer Corporation and DaimlerChrysler.



　　•Examples are taken from annual reports of well-known companies and governmental and non-profit institutions to illustrate key concepts and maintain student interest. Companies highlighted in the text consist of Sea Corporation, Pac Corporation and Acme Corporation.



　　2.Offer the latest information



　　•The most recent company financial reports have been included to make the material more relevant.



　　•Foreign trade stats have been updated.



　　•Currency quotations reflect new changes.



　　•New Standards. The text has been updated to include coverage of the latest international reporting standards and issues, where appropriate. As U.S. and international reporting standards move toward greater harmonization, the international coverage continues to expand in the Twelfth Edition.

　　

　　•The governmental and not-for-profit chapters contain all of the standards through GASB No. 59. These chapters have also been enhanced with illustrations of the financial statements from Golden, Colorado. Coverage includes service efforts and accomplishments, and post-employment benefits other than pensions.