Part I: The World of Accounting and Finance.- 1. Introduction to Business Accounting.- 2. The Importance of Cash.- Part II: Financial Accounting.- 3. The Accounting System.- 4. The Regulatory Framework for Financial Reporting.- 5. The Conceptual Framework for Financial Reporting.- 6. The Statement of Profit or Loss and Other Comprehensive Income.- 7. The Statement of Financial Position.- 8. The Statement of Cash Flows.- 9. Consolidated Financial Statements.- 10. Financial Statement Analysis.- 11. Corporate Governance, Stewardship, Social Responsibility and Integrated Reporting.- Part III: Management Accounting.- 12. The Importance of Cost Information.- 13. Costing for Product Direct Costs.- 14. Costing for Indirect Costs.- 15. Activity-based Costing.- 16. Marginal Costing.- 17. Budgetary Control.- 18. Standard Costing.- 19. Strategic Management Accounting.- 20. Environmental Management Accounting.- Part IV: Investment Appraisal.- 21. Payback Period and Accounting Rate of Return.- 22 Discounted Cash Flow Methods.- Appendix: Present value tables.- Glossary.- Index.
This textbook provides an accessible introduction to accounting, giving a clear and concise overview of financial accounting, management accounting and financial management. Using international examples, cases and real company data to contextualise the theory, the authors explain the key concepts in a logical fashion, providing students with a theoretical and practical foundation in the subject. In particular, the running case study helps students to keep applying new concepts to a familiar context. The main author, Jill Collis, is an experienced author who has a proven ability to simplify difficult topics and communicate them in a clear and engaging way.
This textbook has been developed specifically to provide a comprehensive introduction to accounting for anybody coming to the subject for the first time, either at undergraduate or postgraduate level.