For courses in introductory financial accounting. A student-centered approach to financial accounting Accounting is the language of business, and understanding the role accounting plays in business is critical to a student's success in earning a business degree. Financial Accounting, International Financial Reporting Standards puts the focus on the purpose of accounting in business. With student-friendly examples and streamlined chapters, the 12th Edition delivers a student-centric approach to learning financial accounting. While maintaining its hallmark features of accuracy and lucidity, the twelfth edition also includes updated coverage of the Conceptual Framework for Financial Reporting; new and updated financial statements; real-world examples, illustrations, and exhibits; and discussions on how the COVID-19 pandemic impacted organizations.
The Financial Statements Transaction Analysis Accrual Accounting and Income Internal Control and Cash Receivables and Revenue Inventory and Cost of Goods Sold Plant Assets, Natural Resources, and Intangibles Current and Contingent Liabilities Long-Term Liabilities Stockholders' Equity The Statement of Cash Flows Financial Statement Analysis Appendix A: Apple Inc. Annual Report: 2016 Appendix B: Typical Charts of Accounts for Different Types of Businesses Appendix C: Summary of Generally Accepted Accounting Principles (GAAP) Appendix D: Summary of Differences Between US GAAP and IFRS Cross Referenced to Chapter Appendix E: Investments Appendix F: Time Value of Money
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