tailieunhanh - Ebook Introduction to financial accounting: Part 1

Part 1 book “Introduction to financial accounting” has contents: Overview of financial accounting, the accounting process, financial accounting and the operating cycle, accounting for the sale of goods, assigning costs to merchandise, cash and receivables. | I nt r oduc t i ont o Fi nanci alAccount i ng Bas edonI nt er nat i onal Fi nanci alRepor t i ngSt andar ds Henr yDauder i s Davi dAnnand Introduction to Financial Accounting Based on International Financial Reporting Standards Henry Dauderis David Annand This open educational resource is dedicated to Henry Dauderis. Over 30 years ago, Henry began writing an introductory financial accounting text for Canadian post-secondary students. This is its fourth iteration. Henry’s desire has always been to communicate financial accounting in a clear and concise way to as many learners as possible. It is our hope that this OER text will help accomplish this objective. David Annand Copyright © 2014 Henry Dauderis Published by David Annand 4910C – 58 St., Athabasca AB T9S 1L5 ISBN 978-0-9936701-27-1 Cover photography and design by Margaret Anderson Printed and bound in Canada by Athabasca University Library and Archives Canada Cataloguing in Publication Dauderis, Henry, 1941 – Annand, David, 1954 – This textbook is licensed under a Creative Commons License, Attribution–Noncommercial–Share Alike Canada: see . This material may be reproduced for non-commercial purposes and changes may be used by others provided that credit is given to the original author. To obtain permission for uses beyond those outlined in the Creative Commons license, please contact David Annand, at davida@. Latest version available at Please forward suggested changes to davida@. June 3, 2014 Table of Contents 1. Overview of Financial Accounting A. The Accounting Model B. The Corporate Organisation Structure C. Transaction Analysis and Double-entry Accounting D. The Accounting Profession and Corporate Social Responsibility Discussion Questions Comprehension Problems Problems Alternate Problems 1 2 6 7 14 17 18 22 27 2. The Accounting Process A. Generally Accepted Accounting Principles B. Use