Financial Accounting 9th Edition Craig Deegan Link

Financial Accounting 9th Edition by Craig Deegan: A Comprehensive Review

  1. Liabilities, provisions & contingencies

2. Real-Life Case Studies (The "Deegan Effect")

Each chapter opens with a current news story. Instead of a fictional "Acme Corporation," you analyze the annual reports of Woolworths, Qantas, or CSL Limited. financial accounting 9th edition craig deegan

  • Summary: Recognition when probable future benefits and reliable cost; measurement at cost less accumulated depreciation and impairment; revaluation model optional under AASB where allowed.
  • Depreciation methods: straight-line, diminishing balance, units of production.
  • Impairment: recoverable amount = higher of value in use and fair value less costs of disposal.
  • Exam technique: Asset schedule showing opening cost, additions, disposals, depreciation, carrying amount.

Corporate Social Responsibility (CSR) and Sustainability

Perhaps the most distinguishing feature of Deegan’s work compared to other accounting authors is his integration of Corporate Social Responsibility (CSR) and Sustainability Reporting. Deegan is a renowned researcher in this field, and his textbook reflects the modern reality that accountants are increasingly responsible for non-financial reporting. Financial Accounting 9th Edition by Craig Deegan: A

from the Educational Publishing Awards Australia (EPAA) in 2020. Key Highlights of the 9th Edition Up-to-Date Standards : Incorporates the latest changes to the IASB Conceptual Framework Australian Accounting Standards Sustainability & Ethics Liabilities, provisions & contingencies

Less ideal for:

  • First-year, first-semester accounting students
  • Short executive education programs (too detailed)

: Connects theoretical concepts to practical, real-world scenarios. Digital Tools : Includes access to the McGraw-Hill Connect digital platform with adaptive learning tools. Perspective

  • Summary: Associates = significant influence (20–50%) → equity method; joint arrangements: joint operations (recognition of assets/liabilities) or joint ventures (equity method).
  • Journal/exam: Equity method entry: recognise share of associate profit and adjust carrying amount.
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