"The seventh edition of this well-respected and fully updated text retains all of the features that have contributed to the books popularity: focus on the accounting equation, student activities and real-life commentaries throughout each chapter, a clear and accessible writing style, and inclusion of real-world case studies. With a strong emphasis on the 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." - from publisher.
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 --- 5 Accounting information for service businesses --- 6 Accounting information for trading businesses --- PART 3: RECOGNITION IN FINANCIAL STATEMENTS --- 7 Published financial statements --- 8 Non-current (fixed) assets --- 9 Current assets --- 10 Current liabilities --- 11 Provisions and non-current (long term) liabilities --- 12 Ownership interest --- PART 4: ANALYSIS AND ISSUES IN REPORTING --- 13 Ratio analysis --- 14 Reporting corporate performance --- 15 Reporting cash flows --- MANAGEMENT ACCOUNTING --- PART 5: SETTING THE SCENE AND DEFINING THE BASIC TOOLS OF MANAGEMENT ACCOUNTING --- 16 Functions of management accounting --- 17 Classification of costs --- 18 Product costs: materials, labour and overheads --- PART 6: JOB COSTS AND STOCK VALUATION --- 19 Job costing --- PART 7: DECISON MAKING --- 20 Break-even analysis and short-term decision making --- PART 8: PLANNING AND CONTROL --- 21 Preparing a budget --- 22 Standard costs --- 23 Performance evaluation and feedback reporting --- PART 9: CAPITAL INVESTMENT APPRAISAL AND BUSINESS STRATEGY --- 24 Capital Investment appraisal --- 25 Business strategy and management accounting --- Financial accounting terms defined --- Management accounting terms defined --- APPENDICES --- I. Information extracted from annual report of Safe and Sure Group plc, used throughtout Financial Accounting --- II. Solutions to numerical and technical questions in Financial Accounting --- III. Solutions to numerical and technical questions in Management Accounting.
