Question, Exercises and Problems in Financial Accounting

This book of questions, exercises and problems has been prepared to accompany the textbook, "A Concepts-Based Introduction to Financial Accounting". The chapters in this book correspond to the chapters in the textbook for ease of reference when both books are used together. However, this tutorial book can be used independently of the Kolitz, Quinn & McAllister text. Each chapter is divided into a selection of questions, exercises and problems. The questions are multiple-choice and ensure understanding of a topic before moving on to the exercises and problems. The exercises are generally shorter in length and less complex than the problems, and can be used to develop proficiency in a topic where students are expected to reach the standard of the problems. On the other hand, where the level of the course dictates, the problems can be ignored and the exercises used in their place. The problems are longer and more complex in nature, requiring an in-depth understanding of the topic. Students using the book have access to the MCQs which are available on the internet, and their progress can be monitored by lecturers.
In addition, there are three revision sets which provide comprehensive coverage of material covered in earlier chapters. The book and accompanying solutions are up-to-date with the latest requirements of International Financial Reporting Standards and local SAICA circulars. The requirements and terminology of the new IAS 1 have also been incorporated throughout the book.