Description
Description
A practical introduction to accounting and finance, supported by a wealth of online resources, and learning features.
- Packed with supportive learning features that break down each topic into manageable chunks, and prompt students to realistically assess their understanding and undertake self-led practice
- Frequent signposts in the book direct students to relevant material within the extensive accompanying online resources to make it easy for them to build on and consolidate their learning
- Sets the ‘number-crunching’ into a logically-structured and extremely readable narrative
- A multitude of numerical and real-life examples, together with the ‘Why is this relevant to me?’ feature, engage students by demonstrating how the tools and techniques are used in practice by professional accountants
- Written in a clear, lively style that speaks directly to the reader, and draws on the author’s wealth of teaching experience to anticipate questions and areas of confusion
- Also available as an e-book enhanced with self-assessment activities and multi-media content to offer a fully immersive experience and extra learning support
New to this edition
- Updated to reflect the IASB’s revised Conceptual Framework
- Brand new ‘recall and review’ end-of-chapter questions enabling students to recap their understanding of the concepts presented in each chapter
- Re-written section on types of business organisations in the introduction
- New coverage on ethics and code of ethics in Chapter 17
Table of Contents
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- 1:Introduction
Part One: Financial Accounting
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- 2:The statement of financial position
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- 3:The income statement
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- 4:Double-entry bookkeeping 1: Debits, credits, T accounts, the trial balance and the financial statements
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- 5:Double-entry bookkeeping 2: Books of prime entry, accounting systems and other double entry applications
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- 6:The statement of cash flows
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- 7:Business organizations and the financing of business
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- 8:Ratio analysis 1: Profitability, efficiency and performance
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- 9:Ratio analysis 2: Liquidity, working capital and long term financial stability
Part Two: Management Accounting
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- 10:Cost and management accounting in context
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- 11:Product costing: Absorption costing
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- 12:Relevant costs, marginal costing and short-term decision making
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- 13:Standard costing and variance analysis
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- 14:Budgeting
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- 15:Process costing
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- 16:Capital investment appraisal
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- 17:Corporate governance and sustainability