Author Description

Revised and updated second edition of a first year accounting textbook first published in 1987. The first edition of this book was adapted from TPrinciples of Accounting' (Helmkamp, Imdieke and Smith, 1983). It introduces modern financial and managerial accounting practice and theory in Australia. This edition a revised treatment of commercial bills, the disposal of non-current assets, payroll tax payments, and tax effect accounting, as well as profit and loss statements and balance sheets, and an introduction to the set-off and extinguishment of debt under debt defeasance schemes. Indexed. The authors are highly qualified and experienced tertiary accounting teachers.