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An Introduction to Financial
and Management Accouting
This new edition of a popular text provides a first course in financial accounting for
students. The book is based on the ASB's conceptual framework, The Statement of
Principles, which ensures that practical learning is underpinned by solid theoretical
understanding. The book is designed to be accessible and uses a running case study based
on the user/preparer debate.
The second edition has been brought up to date with changes in accounting regulations and
a new chapter added on the preparation of final accounts. Many more questions have been
included in an expanded Lecturer's Guide.
The book outlines the regulatory process which controls the quality and quantity of
information in financial statements and looks at some of the limitations of traditional
accounting practices. It concentrates primarily on the single entity but a chapter on
group accounts is included to provide a basic appreciation that will allow students an
appreciation of published accounts. The conceptual framework underpinning focuses on the
needs of users of financial information and concentrates on the balance sheet (i.e.
defining and reporting assets, liabilities and owners' equity).
The book has been designed to be the appropriate level and length for a new-style modular
first year programme in financial accounting.
- Examples,
questions and problems allow students to practise.
- Application
of theory and techniques.
- Running
case study approach based on user/preparer of accounts.
- Running
accounting example, Safe and Sure, is based on the accounts of a real FTSE-100 company.
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
7.Publishing financial statements
8.Final accounts preparation
Part 3 Recognition and measurement
9.Fixed assets
10.Current assets
11.Liabilities due within one year
12.Provisions and long-term liabilities
Part 4 The reporting entity and its owners
13.Ownership interest
14.Group accounts and segmental reporting
Part 5 Performance analysis and current developments in financial
reporting
15.Analysis of corporate performance
16.Developing issues in financial reporting
912 pages
