Western Financial Accounting

Author: Liu Huahai
Publisher:
Publish Date: 2003-08-01
Features: This textbook is compiled based on financial accounting standards and related conventions from Western countries, such as the IASC (International Accounting Standards Committee) and FASB (Financial Accounting Standards Board). It provides a comprehensive and accurate introduction to the fundamental theories of Western financial accounting, as well as the methods of recognition, measurement, and recording of current assets, long-term assets, liabilities, owner's equity, revenue, expenses, and income. It systematically introduces the formats and methods of Western financial reporting and accounting information disclosure, and offers a thorough elaboration on consolidated financial statements and financial analysis. Each chapter includes practice exercises, making the content comprehensive, detailed, and practical. It can serve as a teaching material for accounting majors and related disciplines in financial and economic institutions, as well as for financial and accounting professionals to study, further their education, and guide accounting practices.