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seventh edition Advanced Financial Accounting - …

AdvancedFinancial AccountingAdvanced Financial AccountingRichard Lewis andDavid PendrillRichard Lewis and David Pendrillseventh editionseventh editionRigorous in its approach, Advanced Financial Accountingtackles the more complex issues of the subject in a livelyand engaging manner. Familiar in its structure andtreatment of basic concepts, this seventh edition has beenthoroughly revised and updated to reflect recent andplanned developments in Financial reporting. This leading text continues to provide both clearexplanations and critical evaluations of current accountingpractice, especially as found in national and internationalaccounting standards, and relates them to the needs ofusers of Financial statements. The seventh edition is accompanied by a downloadableSolutions Manualwhich is available to lecturers on thewebsite at As with theprevious edition , annual updates are also available online. Advanced Financial Accountingis written for second andthird year Financial Accounting students on Accounting orbusiness studies degrees and is also suitable for MBAcourses.

viii Contents 4 What is profit? 59 Overview 59 Introduction 59 Present value of the business 61 Measurement of wealth by reference to the valuation of …

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