Financial Accounting

Financial Accounting is the ideal introduction to this topical and dynamic subject. Successfully combining a conceptual approach with an accessible, interactive style, the text tackles the very latest international developments. Adopting a unique questioning attitude to the subject, the authors ask why accounting practices exist and not simply how they work, without lingering on the technicalities. The fifth edition has been fully updated in line with international accounting standards. Key features for this new edition include: * a new chapter on group accounting * new material on accounting for partnerships * new material on incomplete records * expanded explanation of accounting for non-current assets * expanded and revised material on fair value accounting * updated IT chapter; * more company case studies and 'real life' examples; A Companion Website supports this book, providing a full resource pack for both lecturers and students, including further questions with answers, a list of suggested web links and an expanded bank of self-marking multiple-choice questions for students. Financial Accounting is ideally suited for students taking accounting courses at both undergraduate and postgraduate level. This book will also be a suitable introduction to the subject for those who intend to continue studies in professional accounting. Professor Anne Britton has retired from her post of Associate Dean and Head of School of Accounting and Financial Services at Leeds Metropolitan University and now is a self employed academic consultant, and Chris Waterston teaches financial accounting and reporting at Newcastle University Business School. They are both experienced teachers and writers. The text adopts a questioning attitude to the subject, asking why accounting practices exist and how they work, without lingering on the technicalities. For those who favour the ‘why’ over ‘how to’ approach, Financial Accounting is the ideal introductory core text for first-year financial accounting students. The text is deliberately and positively accessible for first-time students, with frequent exercises in all chapters, and answers to these supplied straight after the questions. These do not so much test understanding of the subject as develop understanding through self-testing and repetition.