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Financial accounting, 11th ed. (with IFRS supplement).


Financial accounting, 11th ed. (with IFRS supplement)

Needles, Belverd E. and Marian Powers.



705 pages




Needles (international accounting and education, DePaul U.) and Powers (financial reporting, Northwestern U.) acquaint first-year accounting students with financial accounting. This edition includes features that highlight developments in international financial reporting standards (IFRS) in each chapter, contrasts the US Generally Accepted Accounting Principles and IFRS, and includes a supplement on IFRS. It has been revised and refocused to make it accessible to students with different interests and reading abilities, and clarifies topics like the accounting cycle, long-term liabilities, contributed capital, and the statement of cash flows. It combines all topics on stockholders' equity into one chapter and makes sections on corporate income statement, deferred income taxes, and comprehensive income more concise, placing them in chapters on related topics. It also guides students through accounting for business transactions, presents a new framework for teaching how to analyze company information and make decisions using ratio analysis, and has more exercises, updated assignments, and various cases.

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Publication:Reference & Research Book News
Article Type:Book review
Date:Aug 1, 2012
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