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For introductory courses in Financial Accounting.
A User-Focused Approach and Solid Foundation in the Construction and Analysis of Financial Statements for Use in Future Courses and Careers
Financial Accounting: International Financial Reporting Standards (IFRS) continues to give readers a solid foundation in the fundamentals of accounting and the basics of financial statements under IFRS, and then builds upon that foundation to offer more advanced and challenging concepts and problems. This approach helps students to better understand the meaning and relevance of financial information and develop the skills needed to analyze financial information in both their courses and careers.
Written in a manner suitable for accounting and non-accounting majors, the Eleventh Edition, Global Edition, is the ideal text for a first course in financial accounting with a focus on IFRS. With its long-standing reputation in the marketplace for being easy to read and understand, this text drives home fundamental concepts in a reader-friendly way without adding unnecessary complexity. While maintaining the hallmark features of accuracy, readability, and ease of understanding, this Global Edition includes updated explanations, coverage, new real-world examples, and most importantly, updates to the Conceptual Framework.
Pearson MyLabTM Accounting not included. Students, if MyLab is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN and course ID. MyLab should only be purchased when required by an instructor. Instructors, contact your Pearson rep for more information.
MyLab is an online homework, tutorial, and assessment product designed to personalize learning and improve results. With a wide range of interactive, engaging, and assignable activities, students are encouraged to actively learn and retain tough course concepts.
List of contents
1. Conceptual Framework and Financial Statements
2. Recording Business Transactions
3. Accrual Accounting
4. Presentation of Financial Statements
5. Internal Control, Cash, and Receivables
6. Inventory and Merchandising Operations
7. PPE and Intangibles
8. Investments and International Operations
9. Liabilities
10. Stockholders’ Equity
11. Cash Flows
12. Financial Statement Analysis
Appendices on the Web
Appendix A. Nestlé Annual Report Excerpts
Appendix B. Time Value of Money: Future Value and Present Value
Appendix C. Typical Charts of Accounts for Different Types of Businesses
Appendix D. International Financial Reporting Standards (IFRS)
Summary
For introductory courses in Financial Accounting.
A User-Focused Approach and Solid Foundation in the Construction and Analysis of Financial Statements for Use in Future Courses and Careers
Financial Accounting gives readers a solid foundation in the fundamentals of accounting and the basics of Financial Statements, and then builds upon that foundation to offer more advanced/challenging concepts and problems. This scaffolded approach helps students to better understand the meaning and relevance of financial information, see its relevance within a real-world context, as well as develop the skills needed to analyse financial information in both their course and career.
While maintaining hallmark features of accuracy, readability, ease of understanding, and a wealth of accessible algorithmic problems, the 11th Edition includes updated explanations, coverage, and ratio analysis with decision-making guidelines. These latest methodologies and technology ensure that students learn basic concepts in accounting in a way that is relevant, stimulating, and fun, while exercises and examples from real-world companies help students gain a better grasp of the course material.
