In Principles of Financial Accounting, IFRS Edition serves as a guide for students to comprehend and give insights into accounting of the modern business world. Derived from Financial Accounting, IFRS Edition by the same authors, this textbook provides streamline coverage on core concepts and procedures based on the International Financial Reporting Standards (IFRS) and supported by real company examples including those in Asia. In addition, there are also solved exercises to ensure student success in the practical application of fundamental accounting principles. Students will learn to effectively use and prepare accounting information for decision making with various features that encourage critical thinking, highlight ethical considerations, and consider global implications. Emphasizing the relevancy of accounting to the business world, the text also makes a concerted effort to highlight the ethical considerations and global implications of financial accounting decisions in our world.