The failure of Enron and other accounting scandals ushered in a new era of accountability in financial accounting. Cases in Financial Accounting: A Principles-Based Approach encourages thoughtful managers and accounting practitioners for the future to exercise principaled judgement. It exposes the substance beneath the form of business transactions and challenges tomorrow's decision-makers to cope with new transactions and changing circumstances in an appropriate way.Cases in Financial Accounting: A Principles-Based Approach can be used with equal success in the introductory financial accounting course at the undergraduate or MBA level. It's approach requires the development and use of critical thinking skills and the application of a sound knowledge of what financial accounting is trying to accomplish in society.This case book provides realistic snapshots of business practice. Many of the cases are based on situations that were covered in the financial press and represent decisions that were faced by managers, auditors and investors often with severe consequences. The cases represent a range of businesses including small family owned enterprises, medium sized businesses and large corporations. The range of situations covered provides a realistic reflection of the environment that will be faced by the graduates of top business and accounting programs.