Accounting is the provision of financial information to managers or owners, as well as to external users, so that they can make business decisions. It measures, monitors and controls business activities.
Accounting 2e provides a very accessible and easy-to-follow introduction to accounting. It introduces students to accounting and provides them with a clear understanding of the theory and practice of financial and management accounting. The text blends theory and practice by stressing the underlying concepts and context of accounting.
- Text thoroughly updated to include examples that comply with the new format adopted by International Accounting Standards for listed companies
- 'Real Life Nuggets' and other material from the business press will be revised and updated.
- A large number of end of chapter questions of escalating difficulty, together with the accompanying answers, enables the reader to develop their understanding of the key concepts discussed in the text.
Introduction to Accounting.
The Accounting Background.
Recording: Double-Entry Bookkeeping.
Main Financial Statements: The Profit and Loss Account (Income statement).
Main Financial Statements: The Balance Sheet.
Preparing the Financial Statements.
Partnerships and Limited Companies.
Main Financial Statements: The Cash Flow Statement.
Interpretation of Accounts.
Regulatory and Conceptual Frameworks.
Measurement Systems.
The Annual Report.
Creative Accounting.
International Accounting.
Introduction to Management Accounting.
Costing.
Planning: Control and Performance: Budgeting.
Planning, Control and Performance: Standard Costing.
Short-Term Decision Making.
Strategic Management Accounting.
Long-Term Decision Making: Capital Investment Appraisal.
The Management of Working Capital and Sources of Finance.
Accounting 2e provides a very accessible and easy-to-follow introduction to accounting. It introduces students to accounting and provides them with a clear understanding of the theory and practice of financial and management accounting. The text blends theory and practice by stressing the underlying concepts and context of accounting.
- Text thoroughly updated to include examples that comply with the new format adopted by International Accounting Standards for listed companies
- 'Real Life Nuggets' and other material from the business press will be revised and updated.
- A large number of end of chapter questions of escalating difficulty, together with the accompanying answers, enables the reader to develop their understanding of the key concepts discussed in the text.
Introduction to Accounting.
The Accounting Background.
Recording: Double-Entry Bookkeeping.
Main Financial Statements: The Profit and Loss Account (Income statement).
Main Financial Statements: The Balance Sheet.
Preparing the Financial Statements.
Partnerships and Limited Companies.
Main Financial Statements: The Cash Flow Statement.
Interpretation of Accounts.
Regulatory and Conceptual Frameworks.
Measurement Systems.
The Annual Report.
Creative Accounting.
International Accounting.
Introduction to Management Accounting.
Costing.
Planning: Control and Performance: Budgeting.
Planning, Control and Performance: Standard Costing.
Short-Term Decision Making.
Strategic Management Accounting.
Long-Term Decision Making: Capital Investment Appraisal.
The Management of Working Capital and Sources of Finance.