This is a comprehensive book for a generic 2nd-year accounting course. It is approachable without sacrificing content. The book uses a concepts-based approach and incorporates worked examples, definitions in the margins, chapter summaries, which are linked to outcomes, and website references. The various parts of the book cover financial reporting, balance sheets, income statements, owners' equity, group accounts and cash flow statements. The book is in keeping with the changes to GAAP that are currently being implemented in order to bring SA in line with international trends.