Part 1 THE CONTEXT OF ACCOUNTING 1 Introduction 2 Some fundamentals 3 Frameworks and concepts 4 Regulation of accounting 5 International differences and harmonisation 6 Company reporting 7 Financial statement analysis Part 2 FINANCIAL REPORTING ISSUES 8 Recognition and measurement of the elements of financial statements 9 Tangible and intangible non-current assets 10 Inventories 11 Financial assets, liabilities and equity 12 Accounting and taxation 13 Cash flow statements 14 Group accounting 15 Foreign currency translation Part 3 ANALYSIS 16 Financial appraisal 17 International analysis Appendices A Double-entry bookkeeping B An outline of the content of International Financial Reporting Standards C An outline of the content of the EU’s Directive on accounting law D Answers to multiple-choice questions E Feedback on exercises Glossary of terms Index

A clear approach to learning accounting, with an international focus   Financial Accounting: An International Introduction, 7th Edition, by Alexander and Nobes is an essential textbook for undergraduates and MBA students worldwide taking a first course in financial accounting. It is the ideal book for you if you have little prior knowledge, or are new to this subject area. The seventh edition retains the clear writing style and unique international focus which led to the success of previous editions. This approach enables the teaching of financial accounting in a way that is not country-specific. This fully updated text uses the International Financial Reporting Standards (IFRS) as its framework to explain key concepts and practices while linking them with contemporary real-life examples from around the world.   What’s new?  This edition is updated to include the extensive changes that have occurred since the sixth edition. These include: Updated discussion of concepts to include the IASB’s revised 2018 Conceptual Framework  Possible effects on accounting of the UK’s departure from the EU  Additional material on non-financial reporting within company reports, an area that has gained further prominence since the last edition  Amended treatment of lease accounting to take account of IFRS 16   Visit go.pearson.com/uk/he/resources to find valuable online resources for lecturers, including an instructor’s manual containing solutions and a full set of PowerPoint slides.     David Alexander is Emeritus Professor of Accounting at the University of Birmingham Business School, England. International visiting professorships over the years include those at Bocconi University, Milan (Italy); University of Osnabrück (Germany); Norwegian School of Management (Norway); ESC Clermont-Ferrand (France); CNAM, Paris (France); University of Bergamo (Italy); Università Ca’ Foscari, Venice (Italy).    Christopher Nobes is Professor of Accounting at Royal Holloway, University of London, England and at the University of Sydney, Australia. He has also held visiting posts at Pompeo Fabra University, Barcelona (Spain); Norwegian School of Management, Oslo (Norway); Nyenrode University (Netherlands); Padua University (Italy); University of Auckland (New Zealand); and University of San Diego (United States). He was a member of the board of the International Accounting Standards Committee from 1993 to 2001.   Pearson, the world’s learning company. 

This edition is updated to include the extensive changes that have occurred since the sixth edition. Updated discussion of concepts to include the IASB’s revised 2018 Conceptual Framework Possible effects on accounting of the UK’s departure from the EU Additional material on non-financial reporting within company reports, an area that has gained further prominence since the last edition Amended treatment of lease accounting to take account of IFRS 16

This edition is updated to include the extensive changes that have occurred since the sixth edition. These include: Updated discussion of concepts to include the IASB’s revised 2018 Conceptual Framework Possible effects on accounting of the UK’s departure from the EU Additional material on non-financial reporting within company reports, an area that has gained further prominence since the last edition Amended treatment of lease accounting to take account of IFRS 16