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An Introduction to Financial Accounting - Learning through Concepts and Questions by David Kolitz

An Introduction to Financial Accounting - Learning through Concepts and Questions by David Kolitz

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ISBN : 9781485160564

Melissa Toerien, 2026

Paperback, 844 pages

This textbook integrates conceptual understanding with procedural application to provide a comprehensive introduction to financial accounting. Using the concepts-based approach, students first grasp the why of accounting before the how. This method ensures a deeper understanding of each topic, with a focus on the underlying transactions before applying the accounting equation and formal bookkeeping entries. 

For over 25 years, A Concepts-Based Introduction to Financial Accounting and Questions, Exercises and Problems in Financial Accounting: A Concepts- Based Introduction have guided tens of thousands of first year accounting students. Now in its eighth edition, these two trusted volumes have been combined into a single, comprehensive, and cohesive textbook.

This edition retains the proven structure, chapter order and educational features  that have made the book a classroom staple . The chapters emphasize key learning tools, such as clear learning paths, highlighted definitions, and integrated pause and reflect scenarios. Real-world extracts from published financial statements link theory to practice, reinforcing students' understanding.

This edition has been updated to incorporate the recent IFRS 18, issued in April 2024. The changes  are incorporated throughout the book but are mainly reflected in Chapter  6, Preparation and Presentation of Financial Statements, which has been fully rewritten and Chapter 19, Statement of Cash Flows, which updates the classification of investment income, interest income, interest expense and dividends paid.          

At the end of each chapter, assessment materials guide students from multiple choice questions to exercises and more complex problems. The exercises provide a foundation, while the problems encourage in depth analysis, preparing students for exams and practical application. Three cumulative revision sets offer valuable exam preparation, revisiting material from earlier chapters.