"The third edition of 'Accounting' continues to provide a very accessible and easy-to-follow introduction to all the major aspects of accounting. Intended as a core textbook for students studying accounting for the first time, 'Accounting' can be used by students on both accounting and non-accounting degrees and also MBA courses. In particular, the whole book has beencomprehensively rewritten to fully reflect the impact of Internationak Financial Reporting Standards (IFRS) and adpots the IFRS terminology and IFRS format, throughout." - from back cover.
Table of Contents -- 1. Introduction to accounting --- SECTION A: FINANCIAL ACCOUNTING: THE TECHNIQUES --- 2. The accounting background --- 3. Recording: double-entry bookkeeping --- 4. Main financial statements: the income statement (profit and loss account) --- 5. Main financial statements: the statement of financial position (balance sheet) --- 6. Preparing the financial statements --- 7. Partnerships and limited companies --- 8. Main financial statement: the statement of cash flows --- 9. Interpretation of accounts --- 10. Regulatory and conceptual frameworks --- 11. Measurement systems --- 12. The annual report --- 13 Creative accounting --- 14 International accounting --- SECTION C: MANAGEMENT ACCOUNTING --- 15. Introduction to management accounting --- 16. Costing --- 17. Planning, control and performance: budgeting --- 18. Planning, control and performance: standard costing --- 19. Short-term decision making --- 20. Strategic management accounting --- 21. Long-term decision making: capital investment appraisal --- 22. The management of working capital and sources of finance --- Glossary of key accounting terms --- Appendix: answers --- Index..
