This engaging new book takes a refreshing approach to the subject of intermediate level financial accounting. As well as presenting the standards clearly, with global, real-life examples, it examines the debates surrounding them and analysis of their requirements. In addition to this it also considers the user's perspective, as well as the preparer's, where relevant, helping students to appreciate the implications of the information to the business. A wealth of examples will allow students to check their understanding of the material, and to prepare for professional exams.