This textbook, originally by D. Annand and H. Dauderis, was intended for a first course in introductory financial accounting. It focuses on core introductory financial accounting topics that match pre-requisite requirements for students advancing to Intermediate Financial Accounting. A corporate approach is utilized versus beginning with a sole proprietorship emphasis and then converting to a corporate approach; this consistency throughout the book reduces confusion for the introductory student. This most recent revision by D. Marchand converted the text from IFRS to reflect the Generally Accepted Accounting Principles of the United States (U.S. GAAP).

"A Canadian text should reflect Canadian realities, and show how they fit into the bigger picture. The Canadian tax system, for example, differs significantly from that of the United States regarding dividends, capital gains, capital cost allowance, leasing, and foreign subsidiary income and its taxation in the parent company. We use the relevant Canadian tax code to make the examples more realistic to students and to give them exposure to how Canadian taxation works. There are many institutional and market differences between Canada and the United States. We have incorporated information on both countries' institutions and markets and often include comparisons with other countries."--

The objective of this book is to make you a better manager by enabling you to understand and apply managerial accounting techniques effectively. The main topics are discussed in a logical order, often accompanied by an illustration of how each technique is applied. Answers to questions are given at the end of each chapter.

This is the eBook of the printed book and may not include any media, website access codes, or print supplements that may come packaged with the bound book. Redefining tradition in learning accounting. The fourth edition of Horngren’s Financial and Managerial Accounting presents the basics of accounting in a fresh format designed to help today’s learners succeed. The table of contents for the fourth edition has been significantly overhauled to provide a contemporary approach to the material. Additionally, the whole text has been put through a rigorous accuracy check, so readers can be confident that it is up-to-date and error-free.