Publisher's Synopsis
This volume offers a comprehensive introduction to accounting theory and practice. It covers the fundamental accounting model in traditional fashion, yet builds upon it to provide insight into the reasons behind today's practices, their limitations and possible alternatives. The authors seek to convey a sense of accounting's controversies, recognizing not only the basics, but also new financial trends and developments.;This updated fourth edition includes numerous end-of-chapter problems reflecting current accounting issues - with several new problems taking advantage of the power of computer spreadsheets - and a new glossary of terms.
