Fundamentals Of Financial Accounting

• New information and accounting and business practices specific to Indigenous communities in Canada, including Spotlight on Canada boxes, written narratives within chapter material, and increased representation of Indigenous company names in the end-of-chapter material for every chapter.
• New material and discussions on Environmental, Social, and Corporate Governance (ESG).
• Reviewed, updated, and introduced new end-of-chapter material in each chapter to support new topics and learning objectives, including Data Analytics Exercises involving data visualization, interpretation, and analysis.

Fundamentals of Financial Accounting seventh Canadian edition has also kept certain features that reviewers noted were very useful and necessary. To name just a few, these include:

• Comparisons of the key differences between Accounting Standards for Private Enterprises (ASPE) and International Financial Reporting Standards (IFRS) in a boxed feature at the end of each chapter
• Comprehensive problems (spanning multiple chapters)
• Check figures for some Exercises and Group A and Group B Problems

ENGAGING APPROACH. Phillips' student-centered approach is achieved through an appropriate mix of conversational wording, clear and concise content presentation, and everyday examples. The Coached Tips, Coached Problems, and Self-Study Practice quizzes actively engage students without sacrificing rigour, and ultimately arm students with the best personal coach on the market.

STUDENT FRIENDLY COVERAGE OF DIFFICULT TOPICS.

• Phillips Fundamentals of Financial Accounting handles difficult concepts in a way that keeps students from being overwhelmed.
• The accounting process is covered in three chapters (2, 3 and 4), with transaction analysis affecting only balance sheet accounts in chapter 2, followed by more complex transactions affecting both balance sheet and income statement accounts in chapter 3. With Phillips' progressive approach to transaction analysis, students learn more, as documented in peer-reviewed research, and are prepared to learn adjustments, financial preparation and more advanced topics.

CURRENT. Fundamentals of Financial Accounting reflects current accounting standards in Canada. Covering both International Financial Reporting Standards (IFRS) and Accounting Standards for Private Enterprise (ASPE), Fundamentals of Financial Accounting discusses key differences between IFRS and ASPE in a boxed feature at the end of each chapter.

BALANCED. Fundamentals of Financial Accounting delivers a balanced approach. Throughout, understanding the preparation of financial statements is balanced with the importance of using the financial statements to guide decision making.

EXTENSIVE END-OF-CHAPTER MATERIAL. Students build confidence and success with a wealth and variety of end-of-chapter material including mini-exercises, exercises, coached problems, problems, comprehensive problems, skills development cases, and continuing cases.

FOCUS COMPANY APPROACH. The focus company approach integrates each chapter's material around a real-world company, its decisions, and its financial statements.

DISTINGUISHED AUTHORSHIP. Fred Phillips has received several awards for writing, research, and teaching excellence, including the CAAA Case Writing Award, the AAA Award for Outstanding Research in Accounting Education, the L. S. Rosen Outstanding Educator Award, several university Teaching Excellence Awards, and the 3M National Teaching Fellowship.
Brandy Mackintosh has also been the recipient of multiple university Teaching Excellence Awards, School of Business Most Approachable Professor Awards, and a CAAA Case Writing Award.

CONNECT. McGraw-Hill Connect is a highly reliable, easy-to-use homework and learning management solution that utilizes learning science and award-winning adaptive tools to improve student results. With Connect's new ReadAnywhere app, students can study on the go - including reading and listening using the audio functionality - without any need for internet access. Using Connect, instructors can take advantage of McGraw-Hill's trusted content to seamlessly deliver assignments, quizzes and tests online.