The Role of Accounting as an Information System
1. Environment and Theoretical Structure of Financial Accounting
2. Review of the Accounting Process
3. The Balance Sheet and Financial Disclosures
4. The Income Statement and Statement of Cash Flows
5. Income Measurement and Profitability Analysis
6. Time Value of Money Concepts

Economic Resources
7. Cash and Receivables
8. Inventories: Measurement
9. Inventories: Additional Issues
10. Operational Assets: Acquisition and Disposition
11. Operational Assets: Utilization and Impairment

Financial Instruments and Liabilities
12. Investments
13. Current Liabilities and Contingencies
14. Bonds and Long-Term Notes
15. Leases
16. Accounting for Income Taxes
17. Pensions and Other Postretirement Benefits
18. Shareholders’ Equity

Additional Financial Reporting Issues
19. Share-Based Compensation and Earnings per Share
20. Accounting Changes and Error Corrections
21. The Statement of Cash Flows Revisited
Appendix A: Derivatives
Appendix B: FedEx Financial Statements