<P>Understanding the basics of financial accounting can be a tricky task to master. This practical guidebook provides an overview of the fundamental principles in a jargon-free and simple format.</P><P><EM>Financial Accounting: The Basics</EM> provides concise overviews of the key financial accounting topics supplemented by practical examples and exercises to enable readers to test their knowledge and understanding in bite-sized chunks. In empowering students to learn at their own pace, the book enhances course learning to maximise chances of overall success. Topics covered include:</P><UL><LI>The interpretation of financial statements and the accounting equation</LI><LI>Processing accounting information</LI><LI>Accounting for inventories</LI><LI>Non-current assets and depreciation</LI><LI>Cash flow statements and analysis</LI></UL><P>With the latest coverage of International Financial Reporting Standards (IFRS) terminology, and separate chapters on cash flow