Financial Accounting 7E continues the strong reputation established by this leading Australian text as the most comprehensive book for students studying introductory accounting in undergraduate or postgraduate programs. The new edition is ideal for accounting and non-accounting majors alike, illustrating the applications of accounting and its role in business decision making. Information on the accounting process and the regulatory environment has been thoroughly updated in line with recent changes to AIFRS and the Framework as per developments with the International Accounting Standards Board. The end-of-chapter activities will encourage student confidence in using accounting through the development of skills in decision-making, critical thinking, ethical thinking, analysis and communication.