Financial Accounting is the ideal introduction to this topical and dynamic
subject. The authors successfully combine a conceptual approach with an accessible,
interactive style, by adopting a questioning attitude to the subject. The authors
ask why accounting practices exist and not simply how they work, without
lingering on the technicalities. The 4th edition has been fully updated in line with
the transition to International Accounting Standards (IASs) and International
Financial Reporting Standards (IFRSs).
Financial Accounting is ideally suited for any students taking an introductory
financial accounting course.
Features
- Accessible, student-friendly writing style which avoids any
unnecessary technicalities and allows students to quickly understand this subject
that many of them find hard.
- Concepts are explained in an easy to understand style with real world examples and
illustrations, so that students can understand how to apply the theory they are
learning.
- Large variety of self-assessment questions and exercises, with answers, to
facilitate self-paced learning by the student.
- Fully supported by a companion website, providing a full resource pack for both
lecturers and students, including: a downloadable instructor's
manual; further questions with answers; a list of suggested web links; a bank
of self-marking multiple-choice questions for students
Contents
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
Paperback, 368 pages