Название: Fundamentals of Financial Accounting, 5th Edition
Автор: A. Mohammadali Haji, T. Mohohlo, T. Mutshutshu
Издательство: LexisNexis
Год: 2022
Страниц: 649
Язык: английский
Формат: pdf (true)
Размер: 10.2 MB

This work deals with the concepts in the Conceptual Framework for Financial Reporting (“Conceptual Framework”) as well as key principles from selected IFRSs, to the degree that it is possible in an introductory work on Financial Accounting. The purpose of this work is to fundamentally prepare students for further studies in Financial Accounting.

Relevant routine transactions and events of a profit-orientated entity are contextualised, and the recognition thereof is repeatedly and consistently traced back to the Conceptual Framework and represented by means of a journal entry. This work is unique in how it integrates concepts and principles with the accumulation of transactions and events in accordance with the double-entry system.

Certainly, the most important value that a textbook such as this one contributes to an introductory course in financial accounting is that it equips students with the ability to journalise a selection of relevant routine transactions and events with understanding, to accumulate these in accounts and to present and disclose them. It follows a contextualised learning experience and does so by using relevant routine transactions which students can relate to. It also encourages students to think critically by teaching them to apply accounting knowledge correctly.

Accounting records are mainly maintained by means of computers and applicable software packages. This makes journalising with understanding an essential component of the pedagogical approach followed in this work.