New and updated features of this title Consistency, repetition and a high level of detail UPDATED: All updates issued by the International Accounting Standards Board in 2018 have been integrated into the text. These include the revision to the Conceptual Framework, the replacement of IAS 18—Revenue with IFRS 15—Revenue from Contract with Customers, and the replacement of IAS 39—Financial Instruments: Recognition and Measurement with IFRS 9—Financial Instruments. UPDATED: Chapters and their learning objectives have been reorganized and streamlined based on curriculum requirements. Chapter 8 has been restructured with an increased focus on investments, and the section on international operations and transactions has been simplified and set as A Closer Look box. Chapter 12 now consolidates all coverage of financial ratios, making it more accessible to students. NEW and UPDATED: Brand new Spotlight cases showcase real-world companies, such as Switzerland’s Logitech, The Republic of Korea’s Samsung, China’s Lenovo, and Canada’s Lululemon. All other cases have been updated with current financial statements of the featured companies. These cases and statements help students understand the relevance of the financial information in each chapter. UPDATED: Each chapter features a range of assignments: Mid-Chapter and End-of-Chapter Summary Problems, Quick Check exercises, Short Exercises, Ethical Issue cases, and Challenge Exercises. Over a hundred of these assignments have been updated in this edition. NEW and UPDATED: All appendices have been updated. Appendix A now looks at the financial statements of Nestlé (2020–2021) and Appendix B features an expanded discussion on Time Value of Money and a host of new assignments.