Principles of Financial Accounting, IFRS Edition serves as a guide for students to comprehend and give insights into accounting of the modern business world. Derived from Financial Accounting, IFRS Edition by the same authors, this textbook provides streamline coverage on core concepts and procedures based on the International Financial Reporting Standards (IFRS) and supported by real company examples including those in Asia. In addition, there are also solved exercises to ensure student success in the practical application of fundamental accounting principles. Students will learn to effectively use and prepare accounting information for decision making with various features that encourage critical thinking, highlight ethical considerations, and consider global implications. Emphasizing the relevancy of accounting to the business world, the text also makes a concerted effort to highlight the ethical considerations and global implications of financial accounting decisions in our world.

PART I: FINANCIAL REPORTING AND THE ACCOUNTING CYCLE
1. Accounting Information: Users and Uses
2. Financial Statements: An Overview
3. The Accounting Cycle: The Mechanics of Accounting
4. Completing the Accounting Cycle
5. Internal Controls and Cash
PART II: OPERATING ACTIVITIES
6. Receivables
7. Inventory and the Cost of Sales
8. Completing the Operating Cycle
PART III: INVESTING AND FINANCING ACTIVITIES
9. Investments: Property, Plant, and Equipment and Intangible Assets
10. Financing: Long-Term Liabilities
11. Financing: Equity
12. Investments: Debt and Equity Securities
PART IV: OTHER DIMENSIONS OF FINANCIAL REPORTING
13. Statement of Cash Flows
14. Analyzing Financial Statements
Appendices
Appendix A : Taiwan Semiconductor Manufacturing Company Limited and Subsidiaries Consolidated Financial Statements for the
Years Ended December 31, 2013 and 2012 and Independent Auditors’Report
Appendix B : Philips 2013 Financial Statements
Appendix C : Carrefour 2013 Financial Statements
Appendix D : Present Value Tables
Glossary
Index

Principles of Financial Accounting, IFRS Edition serves as a guide for students to comprehend and give insights into accounting of the modern business world. Derived from Financial Accounting, IFRS Edition by the same authors, this textbook provides streamline coverage on core concepts and procedures based on the International Financial Reporting Standards (IFRS) and supported by real company examples including those in Asia. In addition, there are also solved exercises to ensure student success in the practical application of fundamental accounting principles. Students will learn to effectively use and prepare accounting information for decision making with various features that encourage critical thinking, highlight ethical considerations, and consider global implications. Emphasizing the relevancy of accounting to the business world, the text also makes a concerted effort to highlight the ethical considerations and global implications of financial accounting decisions in our world. Principles-based learning: Following the spirit of IFRS, not only the accounting rules but also the underlying rationale of the rules and the background of the transactions that give rise to the accounting issues are explained. Local touch, global reach: Local but famous companies are used as illustrative examples. Meanwhile, world class companies are also included so that global view is not lost. Local business practices and regulations are also incorporated. Friendly guidance: Important concepts are summarized in the “Remember This” box, confusions/pitfalls to be avoided are included in the “Caution” box, key terms or concepts are concisely explained on the margin of the page on which the related concepts or terms appear. In addition to these arrangements, important concepts are bolded in the main text. Updated real cases: Appendices include financial statements of TSMC, Philips, and Carrefour for the latest year. Illustrated examples in the main text also include available financial data of real companies for the most recent year.