For nearly 80 years, Principles of Accounting has been used effectively to teach generations of businessmen and women. The text has been used by millions of business students. For many, this book provides the only exposure to accounting principles that they will ever receive. As the most successful business textbook of all time, it continues to introduce students to accounting through a variety of time-tested ways. The previous edition, 10e, started a new journey into learning more about the changing needs of accounting students through a variety of new and innovative research and development methods. Our Blue Sky Workshops brought accounting faculty from all over the country into our book development process in a very direct and creative way. Many of the features and themes present in this text are a result of the collaboration and countless conversations we?ve had with accounting instructors over the last several years. lie continues to build on this philosophy and strives to be reflective of the suggestions and feedback we receive from instructors and students on an ongoing basis. We?re very happy with the results, and think you?ll be pleased with the improvements we?ve made to the text. The original author of Principles of Accounting, James McKinsey, could not have imagined the success and influence this text has enjoyed or that his original vision would continue to lead the market into the twenty-first century. As the current authors, we appreciate the responsibility of protecting and enhancing this vision, while continuing to refine it to meet the changing needs of students and instructors. Always in touch with a tradition of excellence but never satisfied with yesterday?s success, this edition enthusiastically embraces a changing environment and continues to proudly lead the way. We sincerely thank our many colleagues who have helped to make it happen.
