CORNERSTONES OF FINANCIAL & MANAGERIAL ACCOUNTING gives students a strong foundation of core financial accounting concepts in an efficient and relevant way. The unique Cornerstones pedagogy is at the heart of this text, providing consistent step-by-step examples to help students solve fundamental problems. The Current Trends Update edition addresses the latest changes in accounting, with revisions to the conceptual framework of accounting, Codification, fair value, and International Financial Reporting Standards (IFRS). Each book is now packaged with a password to help you access 250 step-by-step Cornerstone Videos to help you solve problems. Cornerstones is a breakthrough for accounting, promising better results in the classroom as students leave the course with a richer understanding of the business environment.