Introduction to

Financial Accounting

An Open Textbook

H. Dauderis and D. Annand

Edited by Athabasca University

Design and layout by Lyryx Learning

ABOUT THIS TEXTBOOK

Introduction to Financial Accounting, originally by D. Annand and H. Dauderis, is intended for a first course in introductory financial accounting. It has been extensively edited by Athabasca University and reflects current International Financial Reporting Standards (IFRS). A corporate approach is utilized versus beginning with a sole proprietorship emphasis and then converting to a corporate approach. The textbook focuses on core introductory financial accounting topics that match pre-requisite requirements for students advancing to Intermediate Financial Accounting. Excluded are advanced topics that are covered in Intermediate Financial Accounting, such as leases and bond amortization. The textbook covers all essential topics, including: the accounting cycle; merchandising; assigning costs to inventory; cash and receivables; property, plant and equipment; debt financing; equity financing; statement of cash flows; financial statement analysis; and proprietorships and partnerships.

More resources to help instructors and students

Lyryx Online Resources: Online Homework, Interactive Explorations, In-Depth Case Studies

Ancillary (Open) Resources: Multiple Choice Bank, Instructional Videos

LMS Integration: Brightspace, Moodle, and most LMS supporting LTI protocol


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