Understanding Financial Accounting, First Canadian Edition

Understanding Financial Accounting, First Canadian Edition Book Cover

Understanding Financial Accounting, First Canadian Edition

By Christopher D. Burnley

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Understanding Financial Accounting is conceptual, concise and concrete. Each chapter is structured around a list of questions that focus on the core concepts covered.

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Clear objectives and practice guide students

All resources are easily accessible to students in the ribbon at the top of the content page, and all links to the resources, such as demonstration problems, are embedded in the eTextbook.

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Take 5 Videos explain concepts and motivate students to take more ownership of learning in a highly engaging context. NEW Solution Walkthrough Videos and Demonstration Problem videos provide an enhanced learning experience for students by walking them through the steps to solving their homework problem.

Christopher D. Burnley, FCPA, FCA, is a professor in the Accounting Department at Vancouver Island University. Prior to his full-time academic career, Burnley worked for 12 years in public practice and also audited government and United Nations agencies with the Office of the Auditor General of Canada. He also teaches in the CPA Professional Education Program for the CPA Western School of Business.

Burnley has taught in the Master of Professional Accounting Program at the Edwards School of Business, where he was recognized by the University of Saskatchewan with the Chartered Accountants of Alberta teaching excellence award. He is active internationally, teaching and delivering guest lectures at Vancouver Island University’s partner institutions in Europe, Asia, and the South Pacific. Burnley has been awarded numerous internal and external grants in support of his academic work and has presented at national conferences. He has been awarded a number of prizes by the Canadian Academic Accounting Association as a result of his academic work, including awards for case authoring and developing innovative ideas in accounting education.

Burnley is active in the accounting profession, was elected to the Board of the Chartered Professional Accountants of British Columbia in 2017, and is past chair of the Board’s Education Foundation. In 2016, he was awarded a fellowship in recognition of exceptional service to the profession and is a past recipient of the Ritchie W. McCloy Award for CA Volunteerism. He is also the co-author of Financial Accounting: Tools for Business Decision-Making, 7th Canadian Edition, published by John Wiley & Sons Canada, Ltd.

1.Overview of Corporate Financial Reporting

2.Analyzing Transaction and Their Effect on Financial Statement

3.Double-Entry Accounting and the Accounting Cycle

4.Revenue Recognition and the Statement of Income

5.The Statement of Cash Flows

6.Cash and Accounts


8.Long-Term Assets

9.Current Liabilities

10.Long-term Liabilities

11.Shareholders’ Equity

12.Financial Statement Analysis

Appendix A Danier Leather Financial Statements

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