Introduction to Financial Accounting
David Annand, Athabasca University
Pub Date: 2017
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Conditions of Use
The text covers all of the topics normally found in an introductory financial accounting (principles of accounting I) text. The table of contents essentially mirrors the table of contents found in the leading texts in this field. I like that... read more
The content of this textbook matches the content and organization of most introductory financial accounting textbooks. It is written by Canadian authors, but is relevant to US students. The text begins by explaining the role of financial... read more
Table of Contents
- Introduction to Financial Accounting
- The Accounting Process
- Financial Accounting and Adjusting Entries
- The Classified Balance Sheet and Related Disclosures
- Accounting for the Sale of Goods
- Assigning Costs to Merchandise
- Cash and Receivables
- Long-lived Assets
- Debt Financing: Current and Long-term Liabilities
- Equity Financing
- The Statement of Cash Flows
- Financial Statement Analysis
- Proprietorships and Partnerships
About the Book
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.
Lyryx develops and supports open texts, with editorial services to adapt the text for each particular course. In addition, Lyryx provides content-specific formative online assessment, a wide variety of supplements, and in-house support available 7 days/week for both students and instructors.
About the Contributors
David Annand, EdD, MBA, CA, is a Professor of Accounting in the Faculty of Business at Athabasca University. His research interests include the educational applications of computer-based instruction and computer mediated communications to distance learning, the effects of online learning on the organization of distance-based universities, and the experiences of instructors in graduate-level computer conferences.
David completed his Doctorate in Education in 1998. His thesis deals with the experiences of instructors in graduate-level computer conferences.