Financial accounting is the branch of accounting thought and
practice concerned with preparing and providing information for
external users of financial statements. This textbook helps
students to understand the concepts that underpin the application
of accounting theory to solve accounting problems. This
international edition includes extracts from financial statements,
definitions of key terms and exam examples. Unlike other textbooks,
the author provides analysis of why accountants do what they do,
and not just how. With such a wealth of accounting models and
diagrams intertwined with this analysis, this book guides the
reader through all the practicalities and concepts of financial
accounting. Additional online questions, exercises and problems
provide an opportunity to put this new-found knowledge into
practice along the way. This book is an essential guide for
students new to accountancy, and an equally useful tool for more
experienced students and researchers.
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