About This Textbook
This book will be removed from the B.C. Open Collection on February 3, 2025, as it has been replaced by a new edition. You can find the new edition here: Introduction to Financial Accounting - 2024-A-D.
Introduction to Financial Accounting, 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 textbook 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 textbook 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.
Author
David Annand
Publisher
Lyryx
Publish Date
2020
Edition
2021A
Level
Undergraduate
License
Features
Adopted
Supplementary Materials
What’s In This Book
License
This resource is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License.
You may:
Share
Copy and redistribute the material in any medium or format.Adapt
Remix, transform, and build upon the materialAs long as you follow these terms:
Give credit
You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.Don't use commercially
You may not use the material for commercial purposes.Share with the same license
If you remix, transform, or build upon the material, you must distribute your contributions under the same license as the original.No further restrictions
You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.Other things to know:
- The licensor cannot revoke these freedoms as long as you follow the license terms.
- You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation.
- No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.