Understanding Financial Accounting, Second Canadian Edition

Understanding Financial Accounting, Second Canadian Edition Book Cover

Understanding Financial Accounting, Second Canadian Edition

By Christopher D. Burnley

$99  USD | $89  CAN

Understanding Financial Accounting, Second Canadian Edition by Christopher D. Burnley provides a fresh approach to teaching introductory financial accounting with its conceptual, concise, and concrete structure. This course’s clear technical explanations, videos, and visuals in the form of charts and graphs are effective techniques for generating discussions and reviewing key concepts covered in class. Core concept questions are linked to the learning objectives and aim to stimulate students’ curiosity and facilitate reading for understanding.

The new WileyPLUS for this second edition gives instructors the freedom and flexibility to tailor content and easily manage their course to keep students engaged and on track

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Author of two Wiley accounting texts, Chris Burnley, shares some insights on teaching Financial Accounting:

Multimedia activities help to flip the classroom

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.

Students get plenty of practice

Based on customer feedback, the author has created an additional question set (Problem Set B) that mirrors the most highly used questions in the course. Instructors will have a wealth of new questions to assign, and students will not run out of opportunities to practice.


Clear objectives and practice guide students

All resources are easily accessible to students and all links to the resources, such as demonstration problems, are embedded in the eTextbook.

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 Transactions and Their Effect on Financial Statements
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
7. Inventory
8. Long-Term Assets
9. Current Liabilities
10. Long-Term Liabilities
11. Shareholders’ Equity
12. Financial Statement Analysis
Appendix A Dollarama

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