- Item type
- Book
- Language
- English
- Publication year
- 2006
- Edition no.
- 4th ed.
- ISBN
- 0-273-70360-9
Financial Accounting is the ideal introduction to this topical and dynamic subject. Successfully combining a conceptual approach with an accessible, interactive style, the text tackles the very latest international developments. Adopting a unique questioning attitude to the subject, the authors ask why accounting practices exist and not simply how they work, without lingering on the technicalities. The fourth edition has been fully updated in line with the transition to International Accounting Standards (IASs) and International Financial Reporting Standards (IFRSs). Key features for this new edition include: - all material now based on International Accounting Standards; - new material on accounts for non-profit organisations; - expanded and revised IT chapter; - clear coverage of the convergence programme between the US and the IASB, as well as the roles of Enron and WorldCom; - more company case studies and 'real life' examples; - a greater emphasis on the relevance of the international regulatory environment. A Companion Website supports this book, providing a full resource pack for both lecturers and students, including further questions with answers, a list of suggested web links and an expanded bank of self-marking multiple-choice questions for students. Financial Accounting is ideally suited for students taking accounting courses at both undergraduate and postgraduate level. This book will also be a suitable introduction to the subject for those who intend to continue studies in professional accounting. from back cover.
Preface --- 1. What is accounting? --- 2. The balance sheet --- 3. The income statement --- 4. Concepts and characteristics --- 5. The double entry system --- 6. Adjustments, including entries in ledger accounts --- 7. Preparation of income statement and balance sheet from trial balance and adjustments --- 8. Accounts of limited companies --- 9. Cash flow statements --- 10. Regulatory framework in the UK compared with European examples and the international framework --- 11. Interpretation, including ratio analysis and consideration of additional information required --- 12. Valuation and performance measurement --- 13. Control of accounting systems --- 14. Information technology and accounting --- 15. The finale --- Appendix: Answers to self-assessment questions --- Glossary --- Index..
