Includes bibliographical references and index.

About the Author. About the Book: Background, The Market, Scope, Coverage, Special Features. Second Edition. Acknowledgements. Dedication. 1 Introduction to Accounting. Section A: Financial Accounting: The Techniques. 2 The Accounting Background. 3 Recording: Double-Entry Bookkeeping. 4 Main Financial Statements: The Profit and Loss Account (Income statement). 5 Main Financial Statements: The Balance Sheet. 6 Preparing the Financial Statements. 7 Partnerships and Limited Companies. 8 Main Financial Statements: The Cash Flow Statement. 9 Interpretation of Accounts. Section B: Financial Accounting: The Context. 10 Regulatory and Conceptual Frameworks. 11 Measurement Systems. 12 The Annual Report. 13 Creative Accounting. 14 International Accounting. Section C: Management Accounting. 15 Introduction to Management Accounting. 16 Costing. 17 Planning: Control and Performance: Budgeting. 18 Planning, Control and Performance: Standard Costing. 19 Short-Term Decision Making. 20 Strategic Management Accounting. 21 Long-Term Decision Making: Capital Investment Appraisal. 22 The Management of Working Capital and Sources of Finance. Further Reading. Glossary of Key Accounting Terms. Appendix: Answers. Index.

Accounting is the provision of financial information to managers or owners, as well as to external users, so that they can make business decisions. It measures, monitors and controls business activities. Accounting 2e provides a very accessible and easy-to-follow introduction to accounting. It introduces students to accounting and provides them with a clear understanding of the theory and practice of financial and management accounting. The text blends theory and practice by stressing the underlying concepts and context of accounting.The text is thoroughly updated to include examples that comply with the new format adopted by International Accounting Standards for listed companies. 'Real Life Nuggets' and other material from the business press will be revised and updated. A large number of end of chapter questions of escalating difficulty, together with the accompanying answers, enables the reader to develop their understanding of the key concepts discussed in the text. 'Accounting Technician, July 2006...well-written...explains points clearly...everything a budding accountant needs to know...' - Accounting Education. '..This is a new textbook that benefits from an authorial voice underpinned by technical competence. ..' This text refers to the Paperback edition. Money Matters, April 2003 '..This is one of few books that blends theory and techniques with humour...a very good textbook who have begun basic accountancy courses..