Intermediate Financial Accounting (Series of Textbooks for Economics and Business Administration in Higher Education)

Author: Sun Min, Cui Yongmei, et al
Publisher:
Publish Date: 2004-02-04
Features: This book elaborates on the theories and methods of Intermediate Financial Accounting. Intermediate Financial Accounting primarily focuses on external reporting accounting, which, in accordance with Generally Accepted Accounting Principles (GAAP), provides information about a company's financial position, operating results, and cash flows to external stakeholders such as governments, investors, and creditors. Based on the newly issued enterprise accounting standards and accounting systems in China, this book combines theory with practice, comprehensively explaining the recognition, measurement, recording, and disclosure of the six major accounting elements: assets, liabilities, owner's equity, revenues, expenses, and profits. It also covers the preparation and analysis of financial accounting reports, as well as the accounting treatment of special matters such as corporate debt restructuring, non-monetary transactions, borrowing costs, and contingent events. This book is primarily intended for use in classroom teaching for undergraduate, college, correspondence, and evening university courses. It can also serve as supplementary teaching material for accounting personnel training and self-study examinations.