OverviewBuilding on the strong conceptual approach of Contemporary Accounting and maintaining its student friendly writing style, Financial Accounting includes a comprehensive introduction to the accounting cycle and the traditional recording process using debits and credits. The text addresses the recording of many types of transactions including receivables, payables, bad debts, inventories and depreciation using the worksheet approach, as well as demonstrating the recoding of these transactions by the traditional debits and credits method. The text addressed the most recent developments in accounting including sustainable reporting, fair value accounting and the Global Financial Crisis. A wealth of contemporary local and international examples are provided throughout Financial Accounting. This serves to enhance the student learning experience by offering real-worl illustrations of the theoretical concepts covered in each chapter.