The fully revised and updated edition of this textbook provides an accessible introduction to accounting for students coming to the subject for the first time. It embraces the basic techniques and underlying theoretical concepts in accounting and shows how these are applied in various circumstances.

The text is fully illustrated with worked examples, and provides student activities and end of chapter questions, many of which have been taken from major accounting examination bodies. Solutions to all activities are given at the end of each chapter, and answers to the end of...