Description

For over thirty years, students have benefitted from this comprehensive, theory-based guide to accounting, its application to management decision-making and its impact on our wider global society. In this substantially revised eighth edition of the text, the authors reflect contemporary developments in the subject while continuing to encourage critical analysis of the usefulness and relevance of accounting practices.

Features

• Provides a comprehensive and long-lasting student companion, taking you from the basics of double-entry book-keeping to financial reporting, cost accounting and management control.

• Helps you appreciate the nature of accounting and the purpose of accounting practices through an underpinning theoretical framework.

• Discusses the evaluation of group financial performance, including the management control systems required for the effective functioning of complex organisations.

• Poses self-assessment and problem questions within each chapter so you may test your skills.

New to this Edition

• Demonstrates the convergence of UK and International Accounting Standards, acknowledging the universality of accounting rules for establishing an international regulatory framework, with a new chapter on International rules for business accounting.

• Emphasises the social responsibility of organisations and the ethics of accounting, featuring new chapters on Accounting and responsibility and Social accounting and the caring society.

Table of Contents

Part 1   Accounting Theory: An Overview Introduction
Chapter 1: Accountability and accounting (All New!)             
Chapter 2: The scope of business accounting      (All New!)                          
Chapter 3: Accounting as an information system                          
Chapter 4: The universality of business accounting method  (All New!)         
Chapter 5: International rules for business accounting    (All New!)                
Chapter 6: The scope and role of accounting theory  

                                
Part 2    Accounting Information
Chapter 7: Financial accounting statements                                 
Chapter 8: Financial accounting concepts                                    
Chapter 9: Financial accounting standards                                   
Chapter 10: The generation of financial accounting data        
Chapter 11: Data processing and double-entry bookkeeping           
Chapter 12: Double-entry bookkeeping and periodic measurement
Chapter 13: Losses in asset values and periodic measurement  
Chapter 14: Preparing an income statement and a balance sheet 
Chapter 15: Reporting recorded assets and liabilities  
Chapter 16: The processes of management              
Chapter 17: Traditional cost accounting     
Chapter 18: ABC and JIT
Chapter 19: Cost–volume– profit analysis 
Chapter 20: Marginal costing      
Chapter 21: Costs for Pricing      
Chapter 22: Costs for short-run tactical decisions    

Part 3  Accounting Information for Decision-Making
Chapter 23: Companies: their nature and regulation     
Chapter 24: Published financial statements        
Chapter 25: Statements of Cash-flows      
Chapter 26: Interpreting and comparing financial statements  
Chapter 27: Capital, value and income     
Chapter 28: Accounting and economic concepts of income and value  
Chapter 29: Accounting under monetary instability and market volatility  (All New!)
Chapter 30: Reporting to investors         
Chapter 31: Social accounting and the caring society  (All New!)   
Chapter 32: Budgeting for planning and control       
Chapter 33: Organization for cont

Back Cover

For over thirty years, students have benefited from this comprehensive, theory-based guide to accounting, its application to management decision-making and its impact on our wider global society. In this substantially revised eighth edition, the authors reflect contemporary developments in the subject while continuing to encourage critical analysis of the usefulness and relevance of accounting practices.

Features

• Provides a comprehensive and long-lasting student companion, taking you from the basics of double-entry book-keeping to financial reporting, cost accounting and management control
• Helps you appreciate the nature of accounting and the purpose of accounting practices through a solid underpinning theoretical framework
• Demonstrates the convergence of UK and International Accounting Standards, acknowledging the universality of accounting rules for establishing an international regulatory framework
• Emphasises the social responsibility of organisations and the ethics of accounting, featuring new chapters on Accounting and responsibility and Social accounting and the caring society
• Discusses the evaluation of group financial performance, including the management control systems required for the effective functioning of complex organisations
• Poses self-assessment and problem questions within each chapter so you may test your skills

Accounting Theory and Practice is an essential text for anyone studying undergraduate accounting modules, professional accountancy examinations or an MBA course. It is also a useful reference for more advanced courses at business schools and for practising accountants.

 

Visit the Accounting Theory and Practice companion website at www.pearsoned.co.uk/glautier to access over 100 multiple choice questions which will help you practise your accounting skills.

Michel Glautier is a graduate of the Universities of Manchester and London and has a Doctorate in Management Sciences (with distinction) from the University of Paris. He was for many years Membre du Jury National du Diplôme d’Expertise Comptable in France. He has been Visiting Professor at universities and business schools in the USA and Australia and has extensive experience as an international business consultant.  He is a former Professor of Accounting and Control at INSEAD, Fontainebleau.

Brian Underdown BA, MA, ACMA was Professor in Accounting and Financial Management at Sheffield University Management School.

Deigan Morris graduated from the University of Nottingham and received his Doctorate from the University of Warwick. He has been Professor of Accounting and Control at INSEAD, Fontainebleau since 1972 and Area Co-ordinator until 2007. He remains active at INSEAD as Emeritus Professor. His teaching and consulting have involved multi-national companies domiciled in Europe, North America, Asia and the Middle East.

Author

Michel Glautieris a graduate of the Universities of Manchester and London and has a Doctorate in Management Sciences (with distinction) from the University of Paris. He was for many years Membre du Jury National du Diplôme d’Expertise Comptable in France. He has been Visiting Professor at universities and business schools in the USA and Australia and has extensive experience as an international business consultant.  He is a former Professor of Accounting and Control at INSEAD, Fontainebleau.

 

Brian UnderdownBA, MA, ACMA was Professor in Accounting and Financial Management at Sheffield University Management School.

Deigan Morrisgraduated from the University of Nottingham and received his Doctorate from the University of Warwick. He has been Professor of Accounting and Control at INSEAD, Fontainebleau since 1972 and Area Co-ordinator until 2007. He remains active at INSEAD as Emeritus Professor. His teaching and consulting have involved multinational companies domiciled in Europe, North America, Asia and the Middle East.