Book Description
Introduction to Financial Accounting is intended for a first course in introductory financial accounting. It has been extensively edited by Athabasca University and reflects current International Financial Reporting Standards (IFRS). A corporate approach is utilized versus beginning with a sole proprietorship emphasis and then converting to a corporate approach.
The textbook focuses on core introductory financial accounting topics that match pre-requisite requirements for students advancing to Intermediate Financial Accounting. Excluded are advanced topics that are covered in Intermediate Financial Accounting, such as leases and bond amortization.
The textbook covers all essential topics, including: the accounting cycle; merchandising; assigning costs to inventory; cash and receivables; property, plant and equipment; debt financing; equity financing; statement of cash flows; financial statement analysis; and proprietorships and partnerships.
This open book is licensed under a Creative Commons License (CC BY-NC-SA). You can download Introduction to Financial Accounting ebook for free in PDF format (3.5 MB).
Table of Contents
Chapter 1
Introduction to Financial Accounting
Chapter 2
The Accounting Process
Chapter 3
Financial Accounting and Adjusting Entries
Chapter 4
The Classified Balance Sheet and Related Disclosures
Chapter 5
Accounting for the Sale of Goods
Chapter 6
Assigning Costs to Merchandise
Chapter 7
Cash and Receivables
Chapter 8
Long-lived Assets
Chapter 9
Debt Financing: Current and Long-term Liabilities
Chapter 10
Equity Financing
Chapter 11
The Statement of Cash Flows
Chapter 12
Financial Statement Analysis
Chapter 13
Proprietorships and Partnerships
Solutions To Discussion Questions
Solutions To Exercises
Solutions To Problems