OverviewThe eighth edition of this bestselling introductory accounting text is aligned to the latest International Financial Reporting Standards (IFRS) as adopted by the Australian Accounting Standards Board (AASB). Accounting: An Introduction to Principles and Practice, 8e supports the FNS10 Financial Services Training Package, addressing units in Certificate III Accounts Administration, Certificate IV Accounting, Diploma of Accounting and Certificate IV Bookkeeping. A competency grid maps the elements of each unit to the relevant chapter of the text. Accrual accounting forms the basis of this book, and also includes coverage of businesses reporting on a cash basis ' as approved by the ATO. The exposition of the principles and methods is supplemented with clear, worked examples, including fully worked solutions to all even-numbered questions.