Financial Accounting An International Introduction, Fourth Edition by David Alexander, Christopher Nobes.pdf

The book will be of interest not only to the beginner but to those who wish to
understand the thrust of International Accounting Standards. The authors make
clear that accounting is still in many ways a primitive subject and is in a period
of change, removing the most irrelevant aspects of the historical cost model and
replacing them with accounting for fair values. Those coming into accounting now
are going to see huge changes in the first few years of their careers as many of the
ideas promulgated by academics many years ago become professional practice
and as each country’s national standards are changed to converge with the international
consensus.