While many texts are characterized as having either a "user" approach or a "preparer" approach, Financial Accounting: Including International Financial Reporting Standards is written for faculty who want to strike a balance between these approaches. Business majors will find relevance in the "Ethics, Fraud & Corporate Governance", "Your Turn" and "Case in Point" boxes throughout the chapters while accounting majors
will receive a firm grounding in accounting basics that will prepare them for their intermediate course.

Table of Contents :

1. ACCOUNTING: INFORMATION FOR DECISION MAKING
2. BASIC FINANCIAL STATEMENTS
3. THE ACCOUNTING CYCLE: CAPTURING ECONOMIC EVENTS
4. THE ACCOUNTING CYCLE: ACCRUALS AND DEFERRALS
5. THE ACCOUNTING CYCLE: REPORTING FINANCIAL RESULTS
COMPREHENSIVE PROBLEM 1: SUSQUEHANNA EQUIPMENT
RENTALS
6. MERCHANDISING ACTIVITIES
7. FINANCIAL ASSETS
8. INVENTORIES AND THE COST OF GOODS SOLD
COMPREHENSIVE PROBLEM 2: GUITAR UNIVERSE COMPANY
9. PROPERTY, PLANT, AND EQUIPMENT, INTANGIBLE ASSETS
AND
NATURAL RESOURCES
10. LIABILITIES
11. SHAREHOLDERS’ EQUITY: CAPITAL
COMPREHENSIVE PROBLEM 3: MCMINN RETAIL LIMITED
12. PROFIT AND CHANGES IN RETAINED EARNINGS
13. STATEMENT OF CASH FLOWS
14. FINANCIAL STATEMENT ANALYSIS
COMPREHENSIVE PROBLEM 4: ADIDAS AG, HERZOGENAURACH
15. GLOBAL BUSINESS AND ACCOUNTING

APPENDIX A: ADIDAS AG, HERZOGENAURACH 2009
CONSOLIDATED GROUP
FINANCIAL STATEMENTS (IFRS) AND ADDITIONAL INFORMATION

APPENDIX B: THE TIME VALUE OF MONEY: FUTURE AMOUNTS
AND PRESENT VALUES