3 of 3 people found the following review helpful
Informative, clear, step by step and is a necessity.,
This review is from: Financial Accounting and Reporting with MyAccountingLab Access Card (Paperback)As part of my Corporate Reporting and Governance module in BA (Hons) Accountancy and Finance this truly is a necessary book to help understand the basics, applying it in real terms and then becoming more advanced and confident in your professional attributes which hopefully, as prospect accountants, auditors or cheif executives you can apply.
With the constant adaption of new and changing International Accounting Standards (IASs) , the accountancy profession has had to evolve dramatically over the past decade. This book helps break down , section by section the implications of current IASs and the importance of each standard.
What I find particularly useful is the way author breaks down certain lengthy calculations in a step by step format, all you have to do is familiarise yourself with the steps and then apply to tutorial work, text book questions and in the EXAM! From calculating Basic Earnings per Shares (BEPS) to recognising bonus and rights issues, this book truly is amazing in the way it helps break down these sometimes, complexities.
There are many extracts from company accounts such as Wal-Mart which basically quote the different policies adapted, this is particularly useful when you are trying to understand the relevance of some learning in lectures. Important policies include 'Inventory' and the method to adapt in the valuation of inventory; the book breaks down the effects on profit particularly with inventory.
It's a high quality, visual book and I would highly recommend it.