05

-

The latest edition has

the following changes

1

3

4

6

2

5

Legislation updates i.e. Companies Act

More key definitions in the text

More pause and reflect scenarios in each chapter

Real-life application: Concepts in context

Teaching and learning improvements: chapter opener which summarises main elements of each chapter - learning path tools at the beginning of each chapter (business focus, dashboard [how to navigate the content], learning outcomes and overview of topics)

Transactional analysis diagrams – which is an innovative way of explaining and linking the conceptual underpinning to the accounting equation and finally to double entry bookkeeping.

Key Pedagogical Features

Learning path tools Learning path tools have been introduced at the beginning of each chapter. These include a Business Focus section, where a real life scenario is discussed in the context of the chapter contents, as well as a Dashboard, which guides the student on how to study the particular chapter.

Key definitions Key definitions are highlighted in each chapter. This give students a focus when reading the text and are useful for revision purposes.

Pause and reflect scenarios Pause and reflect scenarios are also included in each chapter. These are short scenarios, both narrative and numerical, designed to confirm understanding, illustrate a specific point or to make the reader think about the meaning and implication of the preceding paragraphs.

Concepts in context Within each chapter, there are now extracts from published financial statements of listed companies, together with a short discussion inviting students to consider the Concepts in context. The discussion shows students the practical relevance of what they have read in the chapter.

Diagrams Diagrams are used extensively throughout the book to enhance understanding.

Explanations to examples Explanations have been added to all examples so that students can see the ‘why’ as well as the ‘how’. i

The transactions in the Smart Concepts case study (that runs from chapters 2 to 7) have been grouped into distinct sets to make the case study more manageable and understandable to students. In addition, there is an innovative way of explaining and linking each transaction from its conceptual underpinning through to the accounting equation and finally to the double entry system.

A unique learning feature is the linking of the concepts, the accounting equation and double-entry bookkeeping through the use of a three-step process.

Chapter 2 introduces students to the concept of

analysing a transaction

Chapter 3 takes this a step further

by incorporating the accounting equation

Chapter 4 integrates chapters 2 and

3 and includes double-entry bookkeeping

1 2 3

The Smart Concepts case study

Lecturers’ support material

There are over 300 slides that closely follow the order

of each chapter and include selected diagrams from the book as well as solutions to the main examples. These

are made available to prescribing institutions.

Teaching notes are available for each chapter on how to present the concepts-based approach.

Students’ support material

On-line lecture-readiness tests are available to assess students’

understanding of each chapter in preparation

for lectures.

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In much the same way like a rainy-day fund gives you direction and can provide peace of mind in the financial context, A Concepts-based Introduction to Financial Accounting and the accompanying question book – Questions, Exercises and Problems in Financial Accounting by David Kolitz do the same when it comes helping students understand Financial Accounting!