| Summary: | Introduction to Financial Accounting 5th Edition is a well-established text that uses a fine balance of theory and application to comprehensively introduce students to all of the key topics covered in a introductory financial accounting course. With 33 manageable chapters based around clearly set learning objectives, this is a student-friendly textbook. International Accounting Standards - The text includes a new chapter on international accounting standards that provides the vital background and conceptual framework of IAS for accountants, as well as clearly explaining the implications the new standards will have on the following topics: Presentation of financial statements, Inventories, Cash flow statements, Accounting policies, Events after the balance data sheet, Property, plant and equipment, Revenue, Provisions, contingent liabilities and contingent assets, Intangible assets and Discounting operations. Learning Features - Each chapter features an extensive range of worked examples to illustrate the theory and practice. In addition, Learning Activities, Exercises and graded Review Questions offer multiple ways for students to evaluate their learning. Key Terms, figures, tables and bulleted lists all highlight the critical learning points in the text. Case Studies - Drawing out the real-life implications and contexts of financial accounting, teh book includes a set of 4 case studies that can be used both for solo-study and for taught classes. The cases included cover sole trader accounts, company accounts and incomplete records, with full answers provided on the accompanying Online Learning Centre.
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