Financial Accounting (2nd Edition) [Capital University of Economics and Business Press]

Author: Li Xianzong
Publisher:
Publish Date: 2002-02-19
Features: This revised and expanded second edition builds upon the fundamental framework and achievements of the first edition, incorporating the latest achievements of the aforementioned reforms. It references the new International Financial Reporting Standards and the latest research findings from developed Western countries. The book boldly discards outdated content, comprehensively and fairly reflecting the content and changes in a company's financial position, operating results, and cash flows. It further maintains and enhances its forward-looking, contemporary, international, general, and practical nature, striving for a close integration of theoretical and practical aspects, rigor, and flexibility.
After this revision, the book still consists of three parts and 15 chapters: Part I covers the basic theories and conceptual framework of financial accounting (Chapter 1); Part II focuses on the accounting theories and methods for specific accounting elements (Chapters 2 to 13); Part III covers financial accounting reports (Chapters 14 and 15). However, compared to the first edition, there have been significant revisions and changes in content, primarily reflected in: adopting new institutional regulations for accounting subjects and financial accounting reports; fully incorporating the requirements for asset impairment provisions; adding content on non-monetary asset transactions, related party relationships and transactions, and internal accounting controls; revising and removing outdated and overly complex practical content from each chapter; reorganizing Chapters 14 and 15 into a unified section titled "Financial Accounting Reports," with Chapter 14 elaborating on the relevant content of accounting report notes and financial situation statements required to be disclosed in financial accounting; and carefully correcting errors and inappropriate sections.
For teaching purposes, review questions and exercises are still provided at the end of each chapter.