D'Arcy: An Introduction to Financial Accounting (2nd Edition)

by Margaret D’Arcy

This student-focused textbook by Margaret D’Arcy provides a easy-to-understand and comprehensive guide for those who are either commencing their studies in financial accounting or trying to gain an appreciation of the basic concepts of accounting, including and emphasising the principles of double-entry bookkeeping.

ISBN: 9781912350285

Published: 05/09/2019

Format: Paperback, 768 pages

Designed for students preparing for both professional accounting and undergraduate examinations, An Introduction to Financial Accounting not only covers the basic principles of accounting but also introduces some ‘basic’ international accounting standards. This textbook is also highly suitable for accountancy modules on courses for non-accountants. The book is presented in a step-by-step format, with many illustrative practical examples to support concepts. Full chapters on Control Accounts, Suspense Accounts and Incomplete Records are also included (areas not typically covered in other textbooks but which cause students difficulties).

Review questions are included at the end of each chapter. Solutions to these questions are included in an Appendix to the book. Each chapter also includes longer, more challenging questions, the solutions to which are available to adopting lecturers as part of the online resources for the book. All solutions include detailed analysis and step-by-step explanation of how they are derived.

This 2nd Edition is comprehensively updated to reflect changes in international accounting standards since itsoriginal publication in 2015, including the treatment of leases under IFRS 16 and the measurement and recognition of financial assets under IFRS 9. In addition, the chapter on the regulatory and standard-setting environments has been comprehensively updated with a detailed breakdown of the Conceptual Framework for Financial Reporting issued by the IASB in March 2018.