Introduction to Financial Accounting

Introduction to Financial Accounting

by H. Dauderis and D. Annand

edited by Athabasca University

design and layout by Lyryx Learning

Additional Resources: Multiple Choice Bank (CC), Instructional Videos (CC), Interactive Explorations (Lyryx), In-Depth Case Studies (Lyryx), Formative Assessment (Lyryx)

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Introduction to Financial Accounting 

This text, 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 text 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 text 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.