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Craig Deegan's Australian Financial Accounting is the market-leading text in the area of financial accounting. This edition provides students with a detailed grasp of the theories and applications, whilst challenging them to critically evaluate concepts. Written in a clear and engaging style, Australian Financial Accounting is popular with students as it is easy to read and understand. Complete in theoretical and practical coverage, this text will give students a strong foundation that they can take into their professional lives.

The fifth edition is comprehensively updated and revised, and reflects new changes made to accounting standards. New chapters have been added including several the area of consolidations. Examples, scenarios and extracts have been fully updated and new ones added. There are also new end-of-chapter review questions and challenging problems to extend students' knowledge.