Summary

Financial Accounting: An Introduction 5e is aimed at first-year students following courses in financial accounting at universities and universities of technology. The book offers CA stream students a strong framework in preparation for further studies in accounting, while also teaching non-CA stream students financial literacy, a skill that will benefit them in both their personal and professional lives. Financial Accounting uses a unique narrative approach to tell the story of accounting. Each accounting concept is introduced through a problem to be solved by the central character, a young entrepreneur. Appropriate solutions to these problems are provided as guidance to students. The book does not simply teach accounting standards; it demonstrates both the reasons for and the methods of recording and reporting information, making each concept more relevant to students.