Introduction to Financial Accounting - Second Edition (Revised)


THIS BOOK WILL BE ARCHIVED ON OCTOBER 1, 2018, AS IT HAS BEEN REPLACED BY A NEW EDITION. Based on International Financial Reporting Standards, this textbook was written by David Annand, EdD, MBA, CPA, CA, and Professor of Accounting in the Faculty of Business at Athabasca University. Each chapter includes questions and problems for review and feedback. Solutions are provided. The text and ancillary materials are freely-sharable under a Creative Commons CC-BY-SA-NC licence. The e-text version is extensively bookmarked for easy access and onscreen reading. Suggested solutions are linked to the end-of-chapter material in this version. Text and student solutions manual files are also available that are suitable for printing. A student workbook provides formatted outlines for all problems contained in the text. Students can print outlines as they need them, and fill in responses manually. Four randomly-generated Excel-based exercises are available. These provide unlimited review and feedback about a) recording transactions in a worksheet; b) recording journal entries and preparing financial statements; c) preparing adjusting and closing entries, and financial statements; and d) calculating depreciation and preparing journal entries for disposal of equipment. A comprehensive, randomly-generated case is also available. This requires the preparation of 18 different year-end adjusting entries and all four types of financial statements, and calculation and analysis of 16 different financial statement ratios. An example is included on this webpage. Unique exercises can be created for any number of individual students or groups upon request to A 140-item exam bank, and a complete instructor’s solutions manual to all text and exam bank material are also available upon request to In addition, a complete set of instructor PowerPoint slides has been developed by Lyryx Learning Inc. and adapted to this version of the text. Files in this book were last updated on February 22, 2017 (version 2.2). For details on updates and edits, see the Versioning History page.

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David Annand, Athabasca University

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