Introduction to Financial Accounting

Andrew Thomas's Introduction to Financial Accounting, 4e is an introductory level text for students undertaking accounting or business studies that offers a thorough introduction to financial accounting. An interactive, user-friendly approach has been adopted to integrate the theory with practical situations, encouraging students to visualise financial accounting in action.Currency: The 4e has been revised to reflect the latest developments in the regulatory framework of accounting and accounting education. For example, the text tracks the replacement of SSAP2 by FRS18, and the publication of the ASB Statement of Principles for Financial Reporting in 1999.Flexibility: Flexible topic flow, whereby each chapter addresses a certain element of accounting, allowing lecturers the flexibility to choose a combination of chapters to accommodate their syllabus.NEW Chapter structure: The purpose, theoretical foundation, and practical relevance of the topic are examined, followed by an overview of accounting methods and concluding with comprehensive examples. Each chapter is moulded to fit this new structure that facilitates the teaching process for lecturers and the learning process for students.User-friendly approach: Pedagogy has been enhanced with learning features and assessment material throughout the text to support and reinforce students' learning, making the text more accessible to students. An appendix at the end of the text has solutions to selected chapter-end exercises, allowing for student self-assessment.Accompanying notes: Examples are supplemented by a series of notes that aim to explain the more difficult elements of the example. They provide guidance for the students on issues that may be covered in exams.