Advanced financial accounting. & reporting. part 1./ Zeus Vernon B. Millan.

This book is designed to provide an invaluable learning material for accounting students and CPA candidates. Practicing accountants may also find this book a useful reference. This book discusses and illustrates provisions of current financial reporting standards in a clear and easy-to-read manner. Practical insights on how the standards are applied in actual practice are provided as well. This book is a labor of love and it is dedicated to you, my reader. I have written this book with the following goals in mind: completeness, conciseness, simplicity, fun to learn and practical application. Complex accounting concepts are not eliminated simple because they are difficult to comprehend but rather they are simplified to the highest possible extent. This book is based on current Philippine Financial Reporting Standards (PFRSs) adapted by the Financial Reporting Standards Council (FRSC) from the International Financial Reporting Standards (IFRSs) issued by the International Acconting Standards Board (IASB). --Preface of the book.