New Financial Accounting (Volume 1)

Author: He Weihong / Jin Ying, Editors
Publisher:
Publish Date: 2004-03-01
Features: This book primarily introduces the basic concepts and accounting principles of financial accounting, as well as the latest accounting practices. The book is divided into two volumes. The first volume focuses on the accounting principles of the six major financial reporting elements—assets, liabilities, owner's equity, revenues, expenses, and profits—as well as the financial reporting system. The second volume focuses on the treatment of special accounting matters such as foreign currency transactions, income tax accounting, consolidated financial statements, borrowing costs, debt restructuring, non-monetary transactions, contingent events, leases, post-balance sheet events, related party relationships and transactions, etc. Except for a few simple chapters, each chapter in this book consists of an introduction, main body, comprehensive case study, summary, key terms, discussion questions, self-assessment questions, short exercises, and comprehensive exercises. The short exercises focus on individual practice of each knowledge point in the main body, while the comprehensive exercises emphasize the integration and application of related knowledge points. The book progresses from simple to complex and is systematically structured, with a comprehensive case study all key concepts in the end. It is an excellent textbook suitable for students of undergraduate and college levels to learn financial accounting, and can also serve as a reference for financial accounting professionals.