Hallmark features retained in the 6th edition include: Theory in Practice -- grounds the theory in real world examples Flow Charts -- helps visual learners grasp the abstract nature of the material. Each chapter opens with a chart designed to encapsulate the concepts presented Reflects the most current CICA Handbook standards Strong coverage of ethics Optional, higher level content presented in such a way that instructors can easily skip the material without losing continuity in the topic (sections marked with an asterisk) Describes and evaluates financial accounting standards such as reserve/recognition accounting, management discussion and analysis, foreign exchange translation, post-retirement benefits, financial instruments, marking-to-market and ceiling tests Describes the structure of standard-setting bodies Evaluates the role of structure in helping to engineer the consent necessary for a successful standard Key terms are bolded for easy identification and reference.