Updated to reflect changes to the Australian Accounting Standards Board (AASB) standards and interpretations (up to the end of September 2016), changes to this edition have focused on accounting content and updates.
Real world examples balanced with a breadth and depth of content ensures students develop a critical understanding of the topics in financial accounting.
SCOTT HENDERSON AM is Emeritus Professor in the Business School at the University of Adelaide. His PhD is from UCLA. He was previously Professor of Accounting at Monash University and has also taught at the University of Manitoba; University of California, Los Angeles; San Diego State University; and the University of Regina. He has previously been a National President of CPA Australia and a consultant to both the public and private sectors. He was also co-author of Issues in Financial Accounting and Financial Accounting Theory, and the author or co-author of more than 60 published papers.
GRAHAM PEIRSON is an Emeritus Professor in the Department of Accounting and Finance at Monash University. He undertakes research in the area of financial accounting and reporting. In particular, he is interested in issues relating to accounting standard setting and the regulation of financial reporting. He was a member of the Accounting Standards Board of the Australian Accounting Research Foundation before the Board’s merger with the Accounting Standards Review Board in 1988.
From 1979 to 1989, he was a member of Council of the Victorian Division of CPA Australia, serving as President in 1985/86. He was the inaugural Chairman of CPA Australia’s External Reporting Centre of Excellence and served on the CoE in that capacity until 1999. He was a member of the Public Sector Accounting Standards Board of the Australian Accounting Research Foundation from 1989 until it merged with the Australian Accounting Standards Board (AASB) in 2000. He was a member of the AASB from 2000 to 2002. Business finance is also an area in which he has an interest, as evidenced by his co-authorship of Essentials of Business Finance, Business Finance and Financial Accounting Theory, and Financial Accounting: An Introduction. In addition, he has published widely in journals in Australia and overseas. He is the former Director of the Department’s Centre for Research in Accounting and Finance.
KATHY HERBOHN is an Associate Professor in financial accounting in the UQ Business School at the University of Queensland. She has taught at Australian universities for over 20 years in both undergraduate and postgraduate courses. Kath has a PhD in Financial Accounting from the University of Adelaide and her main research interest is the consequences of accounting regulation for financial statement users and preparers, with a particular focus on income tax and carbon emissions.
Her publications appear in various journals, including Accounting, Organisations and Society, Journal of Business Finance and Accounting, Journal of Business Ethics, British Accounting Review, Accounting and Finance and Australian Accounting Review.
TRACY ARTIACH is a Senior Lecturer in financial accounting in the UQ Business School at the University of Queensland. She has taught at Australian universities for over 20 years in undergraduate, postgraduate and MBA courses covering on-campus, distance and online delivery modes. In 2009, Tracy received the UQ Business School Postgraduate Teaching Award and in 2014 was ranked 5th in the Unijobs Top 10 QUT Lecturers. Tracy has a PhD from the University of Queensland with research publications in Australian and international academic journals including Accounting, Auditing and Accountability Journal, Energy Economics, Australian Journal of Management, Accounting and Finance and Australian Accounting Review.
Tracy’s teaching and research interests are in the area of financial reporting and accounting standard, including issues relating to disclosure, conservatism, comprehensive income and measurement. She is actively involved in the Accounting and Finance Association of Australia and New Zealand (AFAANZ) Accounting Standards Special Interest Group (SIG 3) and serves on the committee of the SIG.
BRYAN HOWIESON M.Com. FCPA FAFAANZ is Associate Professor in the School of Accounting and Finance at the University of Adelaide. He has held prior positions at the Adelaide Graduate School of Business and the Universities of South Australia and Western Australia. His teaching and research interests relate primarily to financial reporting and accounting standard setting,but he also has strong interests in accounting education, professional ethics and corporate governance. Bryan has published extensively in academic and professional journals. He has had a long association with accounting standards setting in Australia, including acting as an alternate member of Australia’s Urgent Issues Group and the Consultative Group, and has assisted the Australian Accounting Standards Boards (AASB) in research projects.
He was recently appointed to the AASB’s Academic Advisory Panel. He has undertaken a number of consultancies in the private and public sectors in the areas of financial reporting and codes of conduct. Bryan has served as a director of several not-for-profit entities, including as President (Australia) of the Accounting and Finance Association of Australia and New Zealand and as Vice-President on the Executive Committee of the International Association for Accounting Education and Research. He was a member of CPA Australia’s ‘Member of the Future’, is a Past-President of the South Australian Division of CPA Australia, and now serves on CPA Australia’s Professional Qualifications Advisory Committee