
Financial Accounting
Description
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This text is ideal for undergraduates in Business Studies degrees, Undergraduates in Accounting courses, students studying Accounting for MBA and Postgraduate courses, and Professional courses introducing Accounting for the first time.
This edition focuses on retaining all the features that have contributed to its popularity, including accounting equations, a clear and accessible writing style, a range of student activities throughout the book, and the extensive use of real-world case studies, offering you a deeper understanding of the topics.
Key features:
Definitions and terminology aligned with the 2018 IASB Conceptual Framework.
Fully up-to-date with the International Financial Reporting Standards (IFRS).
New case studies provide examples from real-world companies.
Activities aligned to each chapter section, encouraging students to explore and consider issues from different angles.
Experience-driven conversations throughout the book between two managers expanded for this edition and updated with an even greater practical emphasis.
Extensive coverage of fair value is provided throughout the text.
Exploration of the Strategic Report and Directors' Report.
Focus on specific knowledge outcomes with end-of-chapter self-evaluations.
Questions testing your understanding are graded according to difficulty.
With a strong emphasis on the 2018 Conceptual Framework of the International Accounting Standards Board, this text is an essential resource that will guide you through the 'whys' and not just the'whats' of Financial Accounting.
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Content
Who needs accounting?
A systematic approach to financial reporting: the accounting equation
Financial statements from the accounting equation
Ensuring the quality of financial statements
Part 2 Reporting the transactions of a business
Accounting information for service businesses
Accounting information for trading businesses
Part 3 Recognition in financial statements
Published financial statements
Non-current (fixed) assets
Current assets
Current liabilities
Provisions and non-current (long-term) liabilities
Ownership interest
Part 4 Analysis and issues in reporting
Ratio analysis
Reporting corporate performance
Reporting cash flows
Financial accounting terms defined Management accounting terms defined Appendices
Information extracted from annual report of Safe and Sure Group plc, used throughout Financial Accounting
Solutions to numerical and technical questions in Financial Accounting
Solutions to numerical and technical questions in Management Accounting
Index
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