Accounting: An Introduction

Description

Features

*Progress checks: numerous activities and exercises enable you to constantly test your understanding and reinforce learning.

*Lively and relevant examples from the real world demonstrate the practical application and value of concepts and techniques learnt.

*Interactive ‘open-learning’ style is ideal for self-study.

*Decision-making focus on the use of accounting information rather than its preparation is highly appropriate for tomorrow’s business managers.

*Fully incorporates International Financial Reporting Standards, which are crucial in the European and world business arena.

*Key terms, glossary and bulleted summaries are excellent revision aids.

*Clearer distinctions between process costing and job-order costing

*More extensive coverage of corporate governance and ethics issues

Table of Contents

Preface
Guided tour
Acknowledgements
1. Introduction to accounting and finance
PART ONE: FINANCIAL ACCOUNTING
2. Measuring and reporting financial position
3. Measuring and reporting financial performance
4. Accounting for limited companies (1)
5. Accounting for limited companies (2)
6. Measuring and reporting cash flows
7. Analysing and interpreting financial statements
PART TWO: MANAGEMENT ACCOUNTING
8. Relevant costs for decision making
9. Cost-volume-profit analysis
10. Full costing
11. Managing in a competitive environment
12. Budgeting
13. Accounting for control
PART THREE: FINANCIAL MANAGEMENT
14. Making capital investment decisions
15. Financing a business
16. Managing a working capital
PART FOUR: SUPPLEMENTARY INFORMATION
Appendix A Recording financial transactions
Appendix B Glossary of key terms
Appendix C Solutions to self-assessment questions
Appendix D Solutions to selected exercises
Appendix E Present value table
Index

Back Cover

Accounting: An Introduction 4th edition is renowned for its clear, accessible and uncluttered style. It provides a comprehensive introduction to the main principles of financial accounting, management accounting, and the core elements of financial management. With a clear and unequivocal focus on how accounting information can be used to improve the quality of decision making by managers, combined with a strong practical emphasis, this book provides the ideal grounding for a career in management.

Features:

·        Progress checks: numerous activities and exercises enable you to constantly test your understanding and reinforce learning.

·        Lively and relevant examples from the real world demonstrate the practical application and value of concepts and techniques learnt.

·        Interactive ‘open-learning’ style is ideal for self-study.

·        Decision-making focus on the use of accounting information rather than its preparation is highly appropriate for tomorrow’s business managers.

·        Fully incorporates International Financial Reporting Standards, which are crucial in the European and world business arena.

·        Key terms, glossary and bulleted summaries are excellent revision aids.

·        Clearer distinctions between process costing and job-order costing.

·        More extensive coverage of corporate governance and ethics issues.

The text is supported by MyAccountingLab, a completely new type of educational resource. MyAccountingLab complements student learning by presenting the user with a study plan that adapts and customises to the student's individual requirements as they progress through online tests. Students can also practice problems before taking tests, and because most of these are algorithmically driven, they can practice over and over again without repetition. Additionally, students have access to an eBook, animated guides to various key topics, and guided solutions, all of which are designed to help them overcome the most difficult concepts. Both students and lecturers have access to gradebooks that allow them to track progress, and lecturers will have the ability to create new tests and activities using the large number of problems available in the question database.

Audience:

Suitable for all those studying an introductory course in accounting, who are seeking an understanding of basic principles and underlying concepts without detailed technical knowledge.

Authors:

Eddie McLaney is Visiting Fellow in Accounting and Finance at the University of Plymouth.

Peter Atrill is a freelance academic and author working with leading institutions in the UK, Europe and SE Asia. He was previously Head of Business and Management at the University of Plymouth Business School.

Author

Eddie McLaney is Visiting Fellow in Accounting and Finance at the University of Plymouth.

Peter Atrill is a freelance academic and author working with leading institutions in the UK, Europe and SE Asia. He was previously Head of Business and Management at the University of Plymouth Business School.