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Financial Accounting: An introduction, 4th Edition

Financial Accounting: An introduction, 4th Edition

  • Author:
  • Publisher: Oxford University Press
  • ISBN: 9780199046485
  • Published In: January 2013
  • Format: Paperback , 736 pages
  • Jurisdiction: South Africa ? Disclaimer:
    Countri(es) stated herein are used as reference only
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    • The unique narrative approach taken by the book contextualizes accounting concepts for students and this "allows for reference to be made back to earlier events, concepts or transactions with more meaning for the reader than a more formal text could achieve." (Skinner, 2010)


    Financial Accounting: An Introduction 4e does not simply teach the accounting standards; it demonstrates that accounting is about 'how to' as well as 'why to' record and report information in a way that engages directly with Generation Y students. The book uses a narrative approach to tell the story of accounting as each accounting concept is introduced through a problem to be solved by the character, a young Capetonian entrepreneur. Students are guided through the appropriate solution available.

    The unique narrative approach taken by the book contextualizes accounting concepts for students and this "allows for reference to be made back to earlier events, concepts or transactions with more meaning for the reader than a more formal text could achieve." (Skinner, 2010). The book has been reviewed for the latest changes to the conceptual framework and terminology changes.

    The fourth edition features the following completely revised chapters:

    The conceptual framework 
    Inventory 
    Companies, including integrated reporting and updated statements in changes of equity 
    Statement of cash flows

    Readership: Financial Accounting is a comprehensive first-year financial accounting textbook suitable for students in both the CA and non-CA stream, typically as part of a B.Com or B.Acc at universities or a Diploma in Accounting at universities of technology.

  • 1: Accounting in context
    2: The purpose of accounting
    3: The practice of accounting
    4: The conceptual framework
    5: Value added tax
    6: Adjustments
    7: Inventory
    8: Bank reconciliation statements
    9: Introducing credit: Trade payables
    10: The other side of credit: Trade receivables and working capital management
    11: Property, plant and equipment (PPE)
    12: Companies
    13: Partnerships, and a brief note on close corporations (CCs)
    14: Statement of cash flows
    15: Financial analysis
    16: Non-profit organisations and club accounting
    17: Incomplete records and other accounting issues
    18: Integrating accounting into the business

  • Edited by Jacqui Kew and Edited by Alex Watson

    Contributors: 
    Jacqui Kew. Alex Watson.

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