This book covers the principles, concepts, techniques and practical tools of financial accounting in supporting overall business decisions. Using a comprehensive theoretical framework, this book is enhanced by practical examples, exercises, chapter summaries and complex cases in each of the eleven chapters. With the International Financial Reporting Standards (IFRS) and their specific Conceptual Framework as the baseline approach, this book also highlights Romanian regulation and practice specifically. Despite the globalisation efforts, this book demonstrates that there are still discrepancies and cultural challenges and will be of interest to students and academics of financial accounting.

Chapter 1: Introduction

Chapter 2: The Conceptual Framework
Chapter 3. The Financial Statements
Chapter 4: Accounting Process and the transaction analysis
Chapter 5: Inventories
Chapter 6: Non-current assets
Chapter 7: Liabilities, receivables and other related items
Chapter 8: Equity
Chapter 9: Financial instruments
Chapter 10: Closing procedures, Fianncial Statements and Financial Analysis.- Chapter 11. Fundamentals of taxation.