Introduction to Financial Accounting provides the appropriate blend of academic rigor with step-by-step learning models that reach today's students. Instead of an abstract approach to accounting, you will journey with students through focus companies and their specific financial data and business strategies, imparting students with real-life experience and the decisions they may face. The book is a complete teaching system with numbered: examples tied to end-of-chapter homework for step-by-step learning, POD reviews at the end of every section that provide instant feedback to students to help them master key concepts, as well as new Aplia and Cengage now technology that contains gradable, algorithmic homework activities. Also new is a better and more intuitive system for notating transactions, so students understand better how each transaction affects the financial statements. Best of all, you can completely customize "Introduction to Financial Accounting, 7e, International Edition" to include the content you want to cover and in the same sequence as your syllabus. This edition includes a discussion of the current environment of financial reporting, specifically the International Financial Reporting Standards.