The integration of the new International Accounting Standardsand their comparison with the new Private Entity GAAP,enhances  the main goal of the book to help studentsunderstand, prepare and use financial information by linkingeducation with the real-world accountingenvironment . Our industry-experienced and leading-edgeauthor expertise in the field of IFRS, combined with an update ofthe text s technical content ensures that accounting facultyand students can continue to rely on Kieso, especially during atime of change.

Even though the rapidly changing landscape of Canadian andinternational accounting is a focus of the text, the authorscontinue their emphasis on helping students understand the coreconcepts that are at the heart of the accounting profession. Thechapters are interesting, informative and pedagogically sound.Clear explanations of important issues, concepts, and businesstransactions are provided, followed by examples of how these areapplied in practice. Interesting examples show how the resultingnumbers are used, and how real life Canadiancompanies actually account for and report their accountingtransactions and results.