A serious need exists among students and others who have not
previously come into contact with the basic principles of financial
accounting. Basic financial accounting answers this need. The
authors make no assumptions about the reader's prior knowledge of
financial accounting. Practical exercises at the end of each
chapter allow the reader to test his or her own progress. Basic
Financial Accounting is an ideal introductory or bridging text for
students new to the subject, their lecturers, and for the general
acquisition of the basic concepts of financial accounting. This
book will also be very helpful as a revision tool for basic
financial accounting concepts and principles. The fourth edition
has been thoroughly revised to take into account the latest IFRS
terminology. Additional activities have been added to each chapter,
and an entirely new chapter has been added on value-added tax.
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