This work contains chapters, data, and research that reveal contemporary shenanigans that have been known to fool even veteran researchers.

    Now in its eleventh edition, it has become the standard introductory text for accounting students and professionals alike. The book is used on a wide variety of courses in accounting and business, both at secondary and tertiary level and for those studying for professional qualifications. It builds on Business Accounting 1 to cover advanced aspects of financial accounting. It also covers introductory aspects of management accounting suitable for use at all levels up to and including professional foundation level courses and first-year degree courses.

    This updated edition presents the subject within the context of managing multinational enterprises (MNE), focusing on business strategies of MNE's and appropriate accounting applications. Each accounting issue is analyzed from three perspectives--theoretical issues, major national treatments and international harmonization efforts. Features new to this edition include expanded coverage of managerial topics; international cases; the latest world events; a new chapter on the future of accounting; and coverage of key financial topics.