Financial Accounting: International Financial Reporting Standards, 2nd Edition

1. Accounting: information for decision making
2. Basic financial statements
3. The accounting cycle: capturing economic events
4. The accounting cycle: accruals and deferrals
5. The accounting cycle: reporting financial results
6. Merchandising activities
7. Financial assets
8. Inventories and the cost of goods sold
9. Property, plant, and equipment, intangible assets, and natural resources
10. Liabilities
11. Shareholders’ equity: capital
12. Profit and changes in retained earnings
13. Statement of cash flows
14. Financial statement analysis
15. Global business and accounting
Appendix A—adidas AG, Herzogenaurach: 2012 Consolidated Group Financial Statements
Appendix B—The Time Value of Money: Future Amounts and Present Values 

Jan R. Williams is Dean of the College of Business Administration and the Stokely Foundation Leadership Chair at the University of Tennessee. He received a BS degree from George Peabody College, an MBA from Baylor University, and a PhD from the University of Arkansas. A CPA in Tennessee and Arkansas, Dr. Williams is also the coauthor of three books and has published over 70 articles on issues of corporate financial reporting and accounting education. He served as president of the American Accounting Association in 1999-2000 and has been actively involved in AACSB International-the Association to Advance Collegiate Schools of Business-the accrediting organization for business schools and accounting programs worldwide.

Susan F. Haka is the Associate Dean for Academic Affairs and Research and the Ernst & Young Professor of Accounting in the Department of Accounting and Information Systems at Michigan State University. Dr. Haka received her PhD from the University of Kansas and a master’s degree in accounting from the University of Illinois. She served as president of the American Accounting Association in 2008–2009 and is active in editorial processes, having been editor ofBehavioral Research in Accounting and an associate editor of the Journal of Management Accounting Research, International Journal of Accounting, and Contemporary Accounting Research. 

Mark S. Bettner is the Christian R. Lindback Chair of Accounting & Financial Management at Bucknell University. Dr. Bettner received his PhD in business administration from Texas Tech University and his MS in accounting from Virginia Tech University. In addition to his work onFinancial Accounting and Financial & Managerial Accounting, he has written many ancillary materials, published in scholarly journals, and presented at academic and practitioner conferences. Professor Bettner is also on the editorial advisory boards of several academic journals, including the International Journal of Accounting and Business Society and the Accounting Forum. 

Joseph V. Carcello is the Ernst & Young and Business Alumni Professor in the Department of Accounting and Information Management at the University of Tennessee. He received his PhD from Georgia State University, his MAcc from the University of Georgia, and his BS from the State University of New York College at Plattsburgh. Dr. Carcello is currently the author or coauthor of four books, more than 60 journal articles, and three monographs. He is active in the American Accounting Association-he serves as an associate editor of Accounting Horizons and serves on the editorial boards of The Accounting Review, Auditing: A Journal of Practice & Theory, andContemporary Issues in Auditing. 

Nelson C. Y. Lam is a practicing CPA with his own professional accounting and consulting firms, and Vice-Chairman at Accounting Development Foundation Limited. He also serves as Visiting Associate Professor at United International College of the Beijing Normal University and the Hong Kong Baptist University. He is very active in IFRS-related projects which include over 500 consultancy projects, seminars, and conferences in the Asia Pacific. He is also the co-author of three IFRS and auditing books, and has received numerous awards for his contributions to professional accountancy examinations. 

Peter T. Y. Lau is Associate Dean of the School of Business and BBA Program Director at the Hong Kong Baptist University. He received a Bachelor of Commerce (summa cum laude) in accounting from Saint Mary’s University, an MBA from Dalhousie University, and a PhD in accounting from the Chinese University of Hong Kong. Dr. Lau has more than 24 years’ teaching experience and has been serving or previously served as the external examiner for various accounting programs. Dr. Lau has published over 20 journal articles and he is the co-author of Intermediate Financial Reporting: An IRFS Perspective and Hong Kong Auditing.