The seventh edition of this well-respected and fully updated text retains all of the features that have contributed to the book’s popularity: focus on the accounting equation, student activities and real-life commentaries throughout each chapter, a clear and accessible writing style, and inclusion of real-world case studies. With a strong emphasis on the Conceptual Framework of the International Accounting Standards Board, Financial & Management Accounting: An Introduction guides students in understanding the ‘why’ and not just the ‘what’ of financial and management accounting.
New case studies containing examples from real-world companies
New coverage on fair value throughout
New coverage of the Strategic Report and Directors’ Report
Fully up-to-date with International Financial Reporting Standards, IFRS
Focuses on specific knowledge outcomes, with end-of-chapter self-evaluation
Questions are graded according to difficulty to test student understanding
Definitions and terminology is fully in-line with the revised IASB Conceptual Framework
Experience-driven conversations between two managers are included throughout, providing a practical examination of real life scenarios.