This revised and fully updated edition continues to provide students with a clear and well-structured introduction to financial accounting. This edition retains all of the classic features that have contributed to the books success particularly its clarity of expression within a sound conceptual framework. There is a strong emphasis on the 'why' rather than simply the 'what' and how. Questions are graded to test student understanding of chapter content, as well as, skills in straightforward application of knowledge, and skills of problem solving and evaluation. The book is accompanied by a comprehensive support package for lecturers, arranged on a chapter-by-chapter basis comprising of: student lecture notes on a 'fill the gaps' basis; graded questions to supplement those of chapters; including multiple choice questions; solutions to questions in the book; and 'Safe & Sure annual report for analysis.