Principles of Financial Accounting, IFRS Edition 1st Edition
Earl K. Stice | James Stice | W. Steve Albrecht | Monte R. Swain | Rong-Ruey Duh | Audrey Wenhsin Hsu
ISBN-13: 9789814653848 | ISBN-10: 9814653845
© 2015 | Published |  0  Pages

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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.



  • PART I: FINANCIAL REPORTING AND THE ACCOUNTING CYCLE
    1. Accounting Information: Users and Uses
    2. Financial Statements: An Overview
    3. The Accounting Cycle: The Mechanics of Accounting
    4. Completing the Accounting Cycle
    5. Internal Controls and Cash
    PART II: OPERATING ACTIVITIES
    6. Receivables
    7. Inventory and the Cost of Sales
    8. Completing the Operating Cycle
    PART III: INVESTING AND FINANCING ACTIVITIES
    9. Investments: Property, Plant, and Equipment and Intangible Assets
    10. Financing: Long-Term Liabilities
    11. Financing: Equity
    12. Investments: Debt and Equity Securities
    PART IV: OTHER DIMENSIONS OF FINANCIAL REPORTING
    13. Statement of Cash Flows
    14. Analyzing Financial Statements
    Appendices
    Appendix A : Taiwan Semiconductor Manufacturing Company Limited and Subsidiaries Consolidated Financial Statements for the
    Years Ended December 31, 2013 and 2012 and Independent Auditors’Report
    Appendix B : Philips 2013 Financial Statements
    Appendix C : Carrefour 2013 Financial Statements
    Appendix D : Present Value Tables
    Glossary
    Index

    • IFRS-based text: The rationale and explanation for recognition, measurement, disclosure and reporting are based on IFRS and incorporated into the main text.
    • Principles-based learning: Following the spirit of IFRS, not only the accounting rules but also the underlying rationale of the rules and the background of the transactions that give rise to the accounting issues are explained.
    • Local touch, global reach: Local but famous companies are used as illustrative examples. Meanwhile, world class companies are also included so that global view is not lost. Local business practices and regulations are also incorporated.
    • Friendly guidance: Important concepts are summarized in the “Remember This” box, confusions/pitfalls to be avoided are included in the “Caution” box, key terms or concepts are concisely explained on the margin of the page on which the related concepts or terms appear. In addition to these arrangements, important concepts are bolded in the main text.
    • Updated real cases: Appendices include financial statements of TSMC, Philips, and Carrefour for the latest year. Illustrated examples in the main text also include available financial data of real companies for the most recent year.
    For more information about these supplements, or to obtain them, contact your Learning Consultant

    • Earl K. Stice is the PricewaterhouseCoopers Professor of Accounting in the School of Accountancy at Brigham Young University, where he has been on the faculty since 1998. He holds bachelor’s and master’s degrees from Brigham Young University and a PhD from Cornell University.

      James D. Stice is the Distinguished Teaching Professor in the Marriott School of Management at Brigham Young University. He is currently the Director of the Marriott School's MBA Program. He holds bachelors and master's degrees from BYU and a Ph.D. from the University of Washington, all in accounting. Professor Stice has been on the faculty at BYU since 1988. During that time, he has been selected by graduating accounting students as "Teacher of the Year" on numerous occasions, he was selected by his peers in the Marriott School at BYU to receive the "Outstanding Teaching Award" in 1995, and in 1999 he was selected by the University to receive its highest teaching award, the Maeser Excellence in Teaching Award. Professor Stice is also a visiting professor for INSEAD's MBA Program in France. Professor Stice has published articles in The Journal of Accounting Research, The Accounting Review, Decision Sciences, Issues in Accounting Education, The CPA Journal, and other academic and professional journals. In addition to this textbook, he has published two other textbooks: Financial Accounting: Reporting and Analysis, and Accounting: Concepts and Applications. In addition to his teaching and research, Dr. Stice has been involved in executive education for such companies as IBM, Bank of America, and Ernst & Young and currently serves on the board of directors of Nutraceutical Corporation. Dr. Stice and his wife, Kaye, have seven children: Crystal, J.D., Ashley, Whitney, Kara, Skyler, and Cierra.

      W. Steve Albrecht is the Andersen Alumni Professor of Accountancy in the Marriott School of Management at Brigham Young University. He received a bachelor’s degree in accounting from BYU and MBA and PhD degrees from the University of Wisconsin. He is a Certified Public Accountant, Certified Internal Auditor, and Certified Fraud Examiner.

      Monte R. Swain received his Ph.D. in managerial accounting and information systems from Michigan State University. He currently serves as the Associate Director of the School of Accountancy and Information Systems where he is the Deloitte & Touche Professor of Accounting.

      Rong-Ruey Duh is a professor at the Department of Accounting, National Taiwan University (NTU). He earned his PhD from the University of Minnesota, Minneapolis. Dr. Duh was President of Taiwan Accounting Association and Chair of the Board of Directors for Accounting Research and Development Foundation, a non-profit organization responsible for setting financial accounting and auditing standards in Taiwan.

      Audrey Wenhsin Hsu is an associate professor at the Department of Accounting at National Taiwan University (NTU). Dr. Hsu earned her PhD from Lancaster University, United Kingdom. Her areas of research include international accounting standards, financial reporting quality, and corporate governance.