Principles of Financial Accounting IFRS Edition Earl K. Stice

Principles of Financial Accounting, IFRS Edition, Third Edition serves as a concise text for students to comprehend and give insights into accounting of the modern business world. This textbook will focus on core concepts and procedures based on the International Financial Reporting Standards (IFRS) and supported by real company examples including those in Asia. There are accounting items (titles) that now follow IFRS 9, and this is reflected in the various chapters of the book. The latest IFRS amendments are in this edition, specifically IFRS 16 which became effective on January 1, 2019. IFRS 16 shows the liabilities associated with the lease on the balance sheet. Students will learn to effectively use and prepare accounting information for decision making with various features that encourage critical thinking, highlight ethical considerations, and consider global implications. Emphasizing the relevancy of accounting to the business world, the text strives to highlight the ethical considerations and global implications of financial accounting decisions in our world.