Material Detail

This is the second edition of an approximately 800-page, IFRS-based OER text that covers standard introductory financial accounting topics. It is freely-sharable and adaptable under a Creative Commons CC-BY-SA licence. There are two versions: an online version is extensively bookmarked for easy access. Suggested solutions to about 25% of assessment material are included and linked to the appropriate questions and problems. The print version includes an index. A print-based student solutions manual is available with this version.   A free, nearly 1,000-page student workbook has been developed to accompany the text. Students can print out solution outlines as they need them, then fill in solutions by hand.   This version of the text has been professionally edited. It has also been significantly revised from the first edition throughout based on instructor feedback.   Some notable changes are: 1.      Information about the classified balance sheet, notes to the financial statements, the audit report, and management discussion and analysis have been moved up to chapter four. Together with the first three chapters, this provides a succinct overview of the financial accounting process before delving into specific topics in later chapters. 2.      A section on notes receivable has been added to the Cash and Accounts Receivable chapter. 3.      Coverage of current liabilities has been significantly expanded to include an introduction to accounting for payroll, sales taxes, contingent liabilities, and warranty reserves, among others. A comprehensive demonstration problem has been added. 4.      Accounting for proprietorships has been expanded.   A free, complete instructor’s solutions manual is available upon request. Contact David Annand at davida@athabascau.ca.   Table of Contents 1.    Introduction to Financial Accounting 2.    The Accounting Process 3.    Financial Accounting and the Use of Adjusting Entries 4.    The Classified Balance Sheet and Related Disclosures 5.    Accounting for the Sale of Goods 6.    Assigning Costs to Merchandize 7.    Cash and Receivables 8.    Long-lived Assets 9.    Debt Financing: Current and Non-current Liabilities 10.  Debt Financing: Bonds 11.  Equity Financing 12.  Proprietorships and Partnerships 13.  Financial Statement Analysis 14.  The Statement of Cash Flows  

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