Financial Accounting: Building Accounting Knowledge is a new textbook written for the first financial accounting subject that a student majoring in accounting is required to study. Based on the successful introductory accounting textbook, Accounting: building business skills, this text will provide students and academics with a well written and accessible textbook on the principles of financial accounting, with ample illustrations and applications to business. The text maintains the balance between a 'user' and 'preparer' perspective effectively by integrating real financial information and business decision choices throughout the chapters. Through the use of real company information and financial statements students will quickly appreciate the use of accounting information. The textbook clearly outlines to students how accounting information communicates the financing, operating, and investing activities of a business. The text builds a strong conceptual understanding and develops skills in the application of accounting principles and techniques, providing students with a solid foundation for studying accounting. Now with FREE Bonus supplement Sustainability in Australian Business: Fundamental Principles and Practice.

Table of Contents

1. An introduction to accounting 2. The accounting information system. 3. Accrual accounting concepts. 4. Inventories. 5. Reporting and analysing inventory. 6. Accounting subsystems. 7. Internal control, cash and receivables. 8. Reporting and analysing non-current assets. 9. Reporting and analysing liabilities. 10. Reporting and analysing equity. 11. Statement of cash flows. 12. The GST and taxation law. 13. Reporting and analysing partnerships. 14. Financial statement analysis. 15. Analysing and integrating GAAP. Appendix - Domino's Pizza Enterprises Ltd annaual 2007 (abridged).