Integrating both procedural and conceptual approaches to introductory accounting, this book teaches students to understand the concepts that underpin the application of accounting theory in the solution of accounting problems. The pedagogical philosophy referred to as the "concepts model" impacts both the order of teaching of the topics and how various topics are taught. Topics include internal transactions, the analysis journals, and accounting for partnerships. The requirements of Statement of GAAP AC 101 are incorporated, and an accompanying assignment book is provided.