Financial Accounting: IFRS Principles (5th Edition)

Master the global language of business. Financial Accounting: IFRS Principles is the premier South African resource for students who need to move beyond basic bookkeeping into the rigorous world of international reporting. The 5th Edition is fully updated to reflect the latest IASB (International Accounting Standards Board) frameworks, ensuring you are learning the exact standards required by the South African Institute of Chartered Accountants (SAICA).

Why the 5th Edition is a CA(SA) Path Essential:

• Conceptual Framework Focus: Deeply explores the Conceptual Framework for Financial Reporting, teaching you the “why” behind the “how.”

• IFRS 15 & 16 Ready: Includes comprehensive guidance on the latest standards for Revenue from Contracts with Customers and Leases.

• Step-by-Step Ledger Mastery: Renowned for its clear pedagogical approach, moving logically from the accounting equation to complex consolidated financial statements.

• Problem-Solving Excellence: Packed with high-level graded questions that mirror the difficulty level of university exams and professional board papers.

Key Topics Covered:

• The Accounting Cycle: Mastering the flow from source documents to the trial balance and final adjustments.

• Financial Statement Presentation: Crafting the Statement of Financial Position, Profit or Loss, and Cash Flows according to IAS 1.

• Inventory (IAS 2): Valuing stock using FIFO and Weighted Average methods in a South African business context.

• Property, Plant, and Equipment (IAS 16): Handling depreciation, revaluations, and impairments of non-current assets.

• Provisions and Contingencies (IAS 37): Determining when and how to recognize future liabilities.

Key Specifications:

• ISBN-13: 9780190743406

• Authors: C.R. Koppeschaar, J. Rossouw, H. du Toit, et al.

• Publisher: Oxford University Press Southern Africa

• Edition: 5th Edition

• Format: Physical Softcover