Financial Accounting (Renmin University of China Accounting Series Textbooks) (3rd Edition)

Author: Dai Deming et al. ( Editors-in-Chief)
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Features: Since the second edition of Financial Accounting was published in 1998, China's accounting reforms have advanced by another step. In the third edition, we have made significant revisions to Financial Accounting: 1. Added two chapters: "Post-Balance Sheet Events" and "Changes in Accounting Policies and Corrections of Errors," increasing the total chapters from 13 in the second edition to 15. 2. Made substantial modifications to chapters such as "Inventory," "Foreign Investments," "Fixed Assets," "Intangible Assets," "Long-Term Liabilities," "Owner's Equity," and "Financial Accounting Reports" in accordance with new accounting standards and systems. As a textbook, it aims to introduce the fundamental principles of financial accounting as comprehensively and systematically as possible. For various economic transactions, it strives to highlight different accounting procedures and methods available for selection, in order to cultivate students' abilities to analyze, solve problems, and adapt to changing environments.