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Financial Accounting: An Introduction 5e is aimed at first-year students following courses in financial accounting at universities and universities of technology. The book offers CA stream students a strong framework in preparation for further studies in accounting, while also teaching non-CA stream students financial literacy, a skill that will benefit them in both their personal and professional lives. Financial Accounting uses a unique narrative approach to tell the story of accounting. Each accounting concept is introduced through a problem to be solved by the central character, a young entrepreneur. Appropriate solutions to these problems are provided as guidance to students. The book does not simply teach accounting standards; it demonstrates both the reasons for and the methods of recording and reporting information, making each concept more relevant to students.
This text investigates the fundamental principles of financial accounting by integrating theoretical standards with practical, narrative-driven problem solving. Author Alex Watson provides a framework designed for first-year university students, utilizing a pedagogical approach that bridges the gap between academic requirements and real-world financial literacy. By centering concepts around the challenges faced by an entrepreneur, the book explains both the methodology and the underlying rationale for recording and reporting financial data.
What You Will Find
Scope Limits
Educators frequently note that the narrative approach provides a distinct advantage for students struggling with the abstract nature of accounting standards. Experts highlight this as a foundational text that effectively balances the needs of both professional accounting students and those seeking general financial literacy.
Page Count:
744
Publication Date:
2017-11-28
Publisher:
Oxford University Press
ISBN-10:
0190425520
ISBN-13:
9780190425524
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