Financial and Management Accounting

Series
Pearson
Author
Pauline Weetman  
Publisher
Pearson
Cover
Softcover
Edition
8
Language
English
Total pages
872
Pub.-date
April 2019
ISBN13
9781292244419
ISBN
1292244410
Related Titles



Description

Written by an expert teacher in Accounting, this edition of this well-respected text retains all the features that have contributed to the book’s popularity: focus on the accounting equation, an even greater range of student activities throughout each chapter, a clear and accessible writing style, and extensive use of real-world case studies. With a strong emphasis on the 2018 Conceptual Framework of the International Accounting Standards Board, Financial & Management Accounting: An Introduction guides students in understanding the ‘why’ and not just the ‘what’ of financial and management accounting.

Features

Hallmark features of this title

Up-to-date content according to the latest financial standards.

  • The definitions and terminology are aligned with the current IASB Conceptual Framework.
  • Content is always updated according to current International Financial Reporting Standards (IFRS).
  • Real-world case studies provide examples from real-world companies.
  • End-of-chapter self-evaluations follow specific knowledge outcomes in the text.

A range of activities reinforce your students' learning.

  • Activities help your students delve into contemporary Financial Accounting.
  • Questions are graded according to difficulty to test your students understanding.
  • Coverage on fair value is provided throughout.
  • Password-protected online Lecturer Resources available, tailored to the requirements of the book.

New to this Edition

New and updated features of this title

Extensive updates and additions to the new edition keep up with the latest developments in the field.

  • Content is updated to align definitions with the 2018 IASB Conceptual Framework.
  • New, real-world case studies provide contemporary examples from real companies, helping your students connect theory with practice.
  • Activities aligned to each section of a chapter to encourage students to explore and consider issues from different angles.
  • Expanded for this edition, are the experience-driven conversations between two managers are included throughout, updated with an even more practical emphasis.

Table of Contents

Contents in Brief

Preface to the eighth edition

Publisher s acknowledgements

FINANCIAL ACCOUNTING

Part 1 A conceptual framework: setting the scene

  1. Who needs accounting?
  2. A systematic approach to financial reporting: the accounting equation
  3. Financial statements from the accounting equation
  4. Ensuring the quality of financial statements

Part 2 Reporting the transactions of a business

  1. Accounting information for service businesses
  2. Accounting information for trading businesses

Part 3 Recognition in financial statements

  1. Published financial statements
  2. Non-current (fixed) assets
  3. Current assets
  4. Current liabilities
  5. Provisions and non-current (long-term) liabilities
  6. Ownership interest

Part 4 Analysis and issues in reporting

  1. Ratio analysis
  2. Reporting corporate performance
  3. Reporting cash flows

MANAGEMENT ACCOUNTING

Part 5 Setting the scene and defining the basic tools of management accounting

  1. Functions of management accounting
  2. Classification of costs
  3. Product costs: materials, labour and overheads

Part 6 Job costs and stock valuation

  1. Job costing

Part 7 Decision making

  1. Break-even analysis and short-term decision making

Part 8 Planning and control

  1. Preparing a budget
  2. Standard costs
  3. Performance evaluation and feedback reporting

Part 9 Capital investment appraisal and business strategy

  1. Capital investment appraisal
  2. Business strategy and management accounting

Financial accounting terms defined

Management accounting terms defined

Appendices

  1. Information extracted from annual report of Safe and Sure Group plc, used throughout Financial Accounting
  2. Solutions to numerical and technical questions in Financial Accounting
  3. Solutions to numerical and technical questions in Management Accounting

Index

Back Cover

Written by an expert teacher in Accounting, the eighth edition of this well-respected text retains all the features that have contributed to the book’s popularity: focus on the accounting equation, an even greater range of student activities throughout each chapter, a clear and accessible writing style, and extensive use of real-world case studies. With a strong emphasis on the 2018 Conceptual Framework of the International Accounting Standards Board, Financial & Management Accounting: An Introduction guides students in understanding the ‘why’ and not just the ‘what’ of financial and management accounting.


Key features:


  • Definitions and terminology are aligned with the 2018 IASB Conceptual Framework

  • New case studies giving examples from real-world companies

  • Activities aligned to each section of a chapter to encourage students to explore and consider issues from different angles

  • Expanded for this edition, experience-driven conversations between two managers are included throughout, updated with an even more practical emphasis

  • Coverage on fair value throughout

  • Exploration of the Strategic Report and Directors’ Report

  • Fully up-to-date with International Financial Reporting Standards (IFRS)

  • Focuses on specific knowledge outcomes, with end-of-chapter self-evaluation

  • Questions are graded according to difficulty to test student understanding

Financial & Management Accounting: An Introduction is a core textbook for undergraduates on Business Studies degrees, undergraduates on Accounting courses, students studying accounting for MBA and postgraduate courses, and professional courses where accounting is introduced for the first time.  

 

Visit www.pearsoned.co.uk/weetman for a suite of resources to accompany this textbook, including:

  • A companion website for students, containing multiple choice questions to enable you to test your knowledge

  • A complete solutions guide for lecturers

  • PowerPoint slides for each chapter for lecturers

Pauline Weetman BA, BSc (Econ), PhD, CA, FRSE, is Professor Emerita 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), Ph.D., CA, FRSE, is Professor Emerita of Accounting at the University of Edinburgh and has extensive experience in teaching at Undergraduate and Postgraduate levels, 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.