Financial Accounting and Reporting, the re-titled second edition of Corporate Financial Reporting, has become respected and widely used over the four years since it first appeared. This updated and redesigned edition is an introduction to financial accounting for business students who need a AaquserAaq rather than AaqpreparerAaq perspective in accounting. Even more so now than when the book was first published, students of financial accounting in international universities or business schools should be taught to appreciate, understand and analyze a variety of accounting and reporting issues from a global theoretical and generic point of view, rather than just be provided only the AaqanswerAaq prescribed in their country of study. This book provides that modern global perspective. Financial Accounting and Reporting has four key strengths. It takes a AaquserAaq perspective throughout, whether discussing reporting principles or in the practice of financial analysis; it both offers a non-prescriptive a-national approach and allows an understanding of comparative differences in practices; it is highly international and reflects the trend towards harmonized international reporting.Thus, the a#39;casha#39; account (an asset account) increases on the debit side and decreases on the credit side. ... A schematic presentation of these rules is shown in Figure 4.1, using the basic business equation. ... the counterbalancing entry which is a debit to accounts receivable called Figure 4.2 Debit and credit Accounting records of Romulus (seller/supplier) Chapter 4 The accounting process 139.
|Title||:||Financial Accounting and Reporting|
|Author||:||Hervé Stolowy, Michel Lebas|
|Publisher||:||Cengage Learning EMEA - 2006-01|