Financial and Management Accounting with MyAccountingLab access card

Description

Features

Financial and Management Accounting An Introduction offers:

• Fully in line with IFRS, but provides comparative analysis with UK GAAP where relevant. 
• Experience-driven conversations between two managers appear at intervals throughout the text, providing a valuable insight into the type of interpretative comment which the reader may find more taxing. These discussions allow a more candid examination of issues and problems within the subject. 
• Fully redesigned text to aid navigation and understanding for students, including a unique colour-coding system to make technical material more accessible.
• Activity-based costing, strategic management accounting, the balanced scorecard and benchmarking are included in the main management accounting chapters.
• The approach to teaching and learning focuses on subject-specific knowledge outcomes and generic skills outcomes, with end-of-chapter self-evaluation.
• Questions are graded to test student understanding of chapter content, as well as skills in straightforward application of knowledge, and skills of problem solving and evaluation.
• Updated terminology and presentation to reflect the requirements of the International Accounting Standards Board from 2009 and the UK Companies Act 2006.
• New case studies containing examples from real-world companies reflect current issues such as cash flow management in Marks & Spencer, cost control at Debenhams, performance benchmarking at Argos.

And is now available with MyAccountingLab, an online tutorial and assessment system which can be used by students for self-study or by instructors to deliver assessment online.

Table of Contents

Part 1 A conceptual framework: setting the scene
Chapter 1: Who needs accounting?
Chapter 2: A systematic approach to financial reporting: the accounting equation
Chapter 3: Financial statements from the accounting equation
Chapter 4: Ensuring the quality of financial statements

Part 2 Reporting the transactions of a business

Chapter 5: Accounting information for service businesses
Chapter 6: Accounting information for trading businesses

Part 3 Recognition in financial statements
Chapter 7: Published financial statements
Chapter 8: Non-current (fixed) assets
Chapter 9: Current assets
Chapter 10: Current liabilities
Chapter 11: Provisions and non-current (long-term) liabilities
Chapter 12: Ownership interest

Part 4 Analysis and issues in reporting
Chapter 13: Ratio analysis
Chapter 14: Reporting corporate performance
Chapter 15: Reporting cash flows

MANAGEMENT ACCOUNTING

Part 5 Setting the scene and defining the basic tools of management accounting
Chapter 16: Functions of management accounting
Chapter 17:Classification of costs
Chapter 18: Product costs: materials, labour and overheads

Part 6 Job costs and stock valuation
Chapter 19: Job costing

Part 7 Decision making
Chapter 20: Breakeven analysis and short-term decision making
Chapter 21: Preparing a budget
Chapter 22: Standard costs
Chapter 23: Performance evaluation and feedback reporting

Part 9 Capital investment appraisal and business strategy
Chapter 24: Capital investment appraisal
Chapter 25: Business strategy and management accounting

Appendices

I Information extracted from annual report of Safe and Sure Group plc, used throughout Financial Accounting
II Solutions to numerical and technical questions in Financial Accounting
III Solutions to numerical and technical questions in Management Accounting Index

Back Cover

Financial and Management Accounting an Introduction Blurb 5e

This revised and fully updated edition continues to provide students with a clear and well-structured introduction to financial and management accounting. The fifth edition retains all of the classic features that have contributed to the book’s success such as, clarity of expression, the focus on the accounting equation, student activities, real-life commentaries running through each chapter, and the inclusion of the Safe and Sure Annual Report as a real world example of a listed company.

Financial and Management Accounting An Introduction offers:

• Fully in line with IFRS, but provides comparative analysis with UK GAAP where relevant. 
• Experience-driven conversations between two managers appear at intervals throughout the text, providing a valuable insight into the type of interpretative comment which the reader may find more taxing. These discussions allow a more candid examination of issues and problems within the subject. 
• Fully redesigned text to aid navigation and understanding for students, including a unique colour-coding system to make technical material more accessible.
• Activity-based costing, strategic management accounting, the balanced scorecard and benchmarking are included in the main management accounting chapters.
• The approach to teaching and learning focuses on subject-specific knowledge outcomes and generic skills outcomes, with end-of-chapter self-evaluation.
• Questions are graded to test student understanding of chapter content, as well as skills in straightforward application of knowledge, and skills of problem solving and evaluation.
• Updated terminology and presentation to reflect the requirements of the International Accounting Standards Board from 2009 and the UK Companies Act 2006.
• New case studies containing examples from real-world companies reflect current issues such as cash flow management in Marks & Spencer, cost control at Debenhams, performance benchmarking at Argos.

Financial and Management Accounting: An Introduction is aimed at first-level undergraduates on business studies degrees taking introductory financial accounting and management accounting classes; first-level specialist accounting undergraduate students; introductory core accounting for MBA and postgraduate specialist Masters students, focusing on analysis through the accounting equation and a questioning approach to problem solving; and professional courses where accounting is introduced for the first time.

Visit the Financial and Management Accounting An Introduction Student Companion website at www.pearsoned.co.uk/weetman to access a comprehensive range of student-learning resources, including addition questions and weblinks to further your study.

The author

Pauline Weetman BA, BSc (Econ), PhD, CA, FRSE, is Professor of Accounting at the University of Edinburgh, and has extensive experience of teaching at undergraduate and postgraduate level, with previous chairs held at Stirling, Heriot-Watt, Strathclyde and Glasgow Universities. She received the Distinguished Academic Award of the British Accounting Association in 2005.  She has convened the examining board of the Institute of Chartered Accountants of Scotland and was formerly Director of Research at ICAS.

Author

Pauline Weetman BA, BSc (Econ), PhD, CA, FRSE, is Professor of Accounting at the University of Edinburgh, and has extensive experience of teaching at undergraduate and postgraduate level, with previous chairs held at Stirling, Heriot-Watt, Strathclyde and Glasgow Universities. She received the Distinguished Academic Award of the British Accounting Association in 2005.  She has convened the examining board of the Institute of Chartered Accountants of Scotland and was formerly Director of Research at ICAS.