Designed for financial accounting programs that prefer to start with a sole proprietorship approach, this market-leading text provides business students with a strong foundation in accounting procedures and emphasizes the use of financial information in decision making and analysis. The text--intended for use in a single semester or quarter--contains balanced, flexible content supported by an array of integrated print and technology supplements. The 2005e Edition maintains a high standard for accuracy, integrates performance measurement, and emphasizes technology. Real-world examples appear throughout the text to help students link accounting procedures to publicly held companies as well as international, governmental, and not-for-profit organizations.