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Financial Accounting: A Practical Approach (3e)

By Suellen Freeman, John Freeman
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Financial Accounting: A practical approach introduces the principles of financial accounting using straight-forward language and clear design, making this often complex subject easier to understand.
Product details
Published date
Published by
Pearson Australia
Table of contents
  • Section 1 Prepare financial statements
  • 1 Error identification and correction
  • 2 Cash flow statements
  • 3 Partnerships
  • 4 Not-for-profit organisations — clubs and societies
  • Section 2 Maintain asset and inventory records
  • 5 Inventory
  • 6 Fixed assets including gain/loss on disposal
  • 7 Leases
  • Solutions
  • Index
Features & benefits
  • Numerous examples that illustrate how theory is put into practise
  • Practice exercises at the end of every chapter and graded self-test questions which enable students to check their understanding
  • Competency mapping grids at the beginning of each chapter that link the content presented to the required competencies
  • This edition addresses the FNS04 v2 Financial Services Training Package requirements for financial accounting, in particular, placing greater emphasis on analysing errors and coverage of AASB 117 Leases.
Author biography
Suellen Freeman is a Head Teacher of Banking and Finance with many years’ TAFE teaching experience. She is a member of the NIA and AAT and has previously worked in accounting for both the private and government sectors

John Freeman has been teaching at TAFE NSW for over 7 years, following a successful career of more than 25 years in both government and corporate accounting.
Target audience

Includes coverage of FNS10 Financial Services Training Package competency units:

FNSACC404A Prepare financial statements for non-reporting entities
FNSACC405A Maintain inventory records

Includes coverage of FNS04 Financial Services Training Package competency units:

FNSACCT405 Prepare financial statements
FNSACCT406 Maintain asset and inventory records

Educator downloads

Competency Matching Grid