Part 1 Introduction: forms of business organization; some common accounting terminology. Part 2 Financial accounting: introduction to financial statements; interpretation of accounts; cash flow forecasts; working capital management. Part 3 Management accounting: budgeting and standard costing; job costing and process costing; behavioural aspects of budgets. Part 4 Basics of business taxation: taxable profits; computation of assessable profit; basis of assessment; dates tax due for payment; capital allowances; trading losses; partnership assessments; limited companies. Part 5 Finance: types and methods of issue of long-term capital; raising short-term funds; dividends and drawings.

It is important, in our modern environment, for business managers to have a good appreciation of accounting and finance in order to have effective control of their business. This text covers the main areas of accounting methodology, avoiding undue complexity and emphasizing the usefulness of accounting information for financial reporting, decision-making and control. Features of the book include coverage of both financial and management accounting, introduction to the basics of business taxation and discussion of aspects of finance, including equity, debt and dividends. Questions at the end of each section are designed to reinforce the material and techniques covered. The book should be of interest to undergraduate students on accounting elective of business courses, MBA students and professionals on executive courses for non-financial specialists.