Deep exploration of the International Financial Reporting Standards (IFRS) and how conceptual frameworks define assets, liabilities, equity, income, and expenses.
If you are in a second-year or third-year financial accounting unit, this is likely your set text. It assumes you already understand basic bookkeeping (introductory accounting). It is heavy reading but rewards diligence.
| Section | Focus Areas | |---------|--------------| | | Role of accounting, regulatory environment, conceptual framework (AASB/IASB) | | Part 2: Recording & Measurement | Double-entry system (review), accrual accounting, measurement bases (historical cost vs fair value) | | Part 3: Key Financial Statements | Statement of profit or loss, financial position, changes in equity, cash flows | | Part 4: Specific Accounting Issues | Inventory, property plant & equipment, intangibles, leases, revenue, provisions, income taxes | | Part 5: Advanced & Critical Topics | Accounting for groups (consolidation), foreign currency translation, financial instruments, segment reporting | | Part 6: Social & Environmental Accountability | Sustainability reporting, social responsibility accounting, critical perspectives on legitimacy and stakeholder theory | financial accounting 9th edition craig deegan
Group accounting, business combinations, consolidations, and foreign operations. Part 4: Modern Reporting Challenges
in late 2019/early 2020, this edition serves as a comprehensive bridge between complex theoretical frameworks and real-world practical application. Core Focus and Regulatory Alignment It is heavy reading but rewards diligence
Chapter 10: An overview of accounting for liabilities Chapter 11: Accounting for leases Chapter 12: Accounting for employee benefits Chapter 13: Share capital and reserves Chapter 14: Accounting for financial instruments Chapter 15: Revenue recognition issues Chapter 16: The statement of profit or loss and other comprehensive income, and the statement of changes in equity Chapter 17: Accounting for share-based payments Chapter 18: Accounting for income taxes
is a prominent Australian accounting academic, formerly at RMIT University and the University of Tasmania. He is renowned for his research in social and environmental accounting, accounting theory, and corporate disclosure. His textbook reflects his research interests—particularly the role of accounting beyond traditional financial reporting. Core Focus and Regulatory Alignment Chapter 10: An
Deegan’s 9th edition is known for:
Deep dives into Positive Accounting Theory and Stakeholder Theory.
Chapter 25: Accounting for group structures Chapter 26: Further consolidation issues I: accounting for intragroup transactions Chapter 27: Further consolidation issues II: accounting for non-controlling interests Chapter 28: Further consolidation issues III: accounting for indirect ownership interests Chapter 29: Accounting for investments in associates and joint ventures