Description
Accounting GAAP Principles 2e is an accessible textbook which assumes a basic knowledge of financial accounting, and then helps readers understand and apply the accounting standards collectively known as Generally Accepted Accounting Principles (GAAP). The book refers throughout to international best practice as represented by the International Financial Reporting Standards (IFRS). The emphasis is on thorough understanding of the principles which underpin financial accounting and practical application. The book excels in its concepts-based approach and sound pedagogy which is proven in the high pass rate demonstrated by UCT students.

Key features

• The textbook is up-to-date with the latest changes in GAAP. The IAS standards covered in each chapter are now clearly marked in a box entitled GAAP Reference at the beginning of each chapter.
• GAAP Principle feature. This is an in-text box headed GAAP Principle. It highlights the significance of specific principles discussed in the text.
• The current second-year material has been streamlined and additional material and depth suited to third-year syllabi has been added so that the book can be prescribed for second and third year undergraduate students.
• New feature GAAP Principles box highlights the significance of specific GAAP principles discussed in the text.
• Updated Ancillary material: PP slides,Teaching Plan and Questions and Solutions for lecturers prescribing the book.
• Inclusion of a CD with questions (with selected solutions) to be shrinkwrapped with the new edition of GAAP for student use.
• There are worked examples of specific accounting concepts in the text, as well as Something to think about, Something to do, and Test your knowledge boxes in margins. These pedagogical features facilitate the learning process by encouraging students to apply their knowledge.
• Updated according to the new GAAP standards.
• International accounting standards (IAS) covered in each chapter now clearly stated at the beginning of each chapter
• Existing website chapters on deferred tax and accounting for branches now included in the book.
• The website chapters on leases, interests in joint ventures and investments in associates are now incorporated as full chapters into the textbook.

Contents

Readership
Second and third year Financial Accounting students: university and universities of technology