1 Accounting:Information for Decision Making 2 Basic Financial Statements 3 The Accounting Cycle:Capturing Economic Events 4 The Accounting Cycle:Reporting Financial Results 5 Accounting for Merchandising Activities 6 Financial Assets 7 Inventories and the Cost of Goods Sold 8 Plant Assets and Depreciati N_9 Liabilities 10 StockholdersEquity:Paid-in Capital 11 Income and Changes in Retained Earnigs 12 Statement of Cash Flows 13 Financial Statement Analysis 14 Global Business and Accounting APPENDIX A Annual Report of Tootsie Roll Industries,Inc. APPENDIX B The Time Value of Money:Future Amounts and Present Values