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to download. Preface and Acknowledgments for IFRS EditionThis is an introductory text for topics in financial accounting. The major revamp is in the rewriting of the financial accounting chapters based on IFRS (including IAS). The foremost goal is to get the students interested with real world examples and to facilitate students application of IFRS in the shortest time possible. To generate students interest, the real world examples range from small entrepreneurial businesses to large multinational corporations. To facilitate quick application, questions and problems are strategically placed at checkpoints in the chapters and thoughtfully designed in graduated difficulty levels. The topics are systematically placed in sections so that instructors can assign the right amount of materials; for example, optional topics such as the periodic inventory system are placed in end-of-chapter appendices. The terminology is mainly based on IFRS, but alternative terms common to other accounting principles such as U.S. GAAP are also mentioned. For many examples and questions, the text uses the actual 2012 or 2013 financial statements of IFRS-reporting corporations of Nestlé, Adidas and Samsung, which appear in Appendix A, with Website references to other IFRS corporations. As IFRS are evolving, possible future changes are strategically mentioned or placed in Decision Update boxes in the text. All the chapter opening stories highlight experiences of dynamic young Asian companies. Asian companies have been setting the trend in select managerial accounting practices, so the tradition of the texts previous strong points of clear exposition and enlightening questions is continued with some new Asian examples in the managerial accounting chapters. These examples present relevant findings of survey research and case studies. Whether the readers goal is to become an accountant, or simply an informed consumer of accounting information, this text will be an enjoyable and useful learning experience. Winston Kwok and McGraw-Hill Education (Asia) would like to thank the following entrepreneurs for generously sharing their stories: David Yim of U.d.d.e.r.s.
Elizabeth Seah of Haru
Violet Lim of Lunch Actually
Benson Loo of EyePower Games
George Wong of TeddyThotz n OneKind
Paola Savillo, Albert Go, Bernadee Uy, and
Janine Chiong of HABI Footwear
Josephine Ng of Alteration Initiative
Sam Leong of samleong@forest cooking school
Mabel Wang of Settlers Café
Janice Wong of 2am Dessert Bar
Adam Khoo and Patrick Cheo of Adam Khoo
Learning Technologies Group
Michelle Tok of Home Central LLP
Douglas Young of G.O.D.
Kenny Yap of Qian Hu
Lyn Lee of Awfully Chocolate
James Tan of Scrawl Studios
Nelson Lam of Nelson and Company |