Introductory Financial Accounting: Using International Financial Reporting Standards

This book aims to guide students through the process of preparing basic financial statements under International Financial Reporting Standards. It introduces the income statement, the statement of financial position and the statement of cash flows. It then illustrates how basic transactions are recorded using the accounting equation and how these transactions effect the financial statements. It guides the student through the process of preparing and presenting basic financial statements using examples and exercises. This book also explains how basic financial accounting information is used to understand the financial performance and financial position of a business. This book features:- - An emphasis on understanding the accounting equation - Every concept is illustrated using an example - Easy-to-follow guides to preparing a full set of financial statements - Full solutions for the end-of-chapter exercises