Table of Content

Part 1 A conceptual framework: setting the scene
Chapter 1: Who needs accounting?
Chapter 2: A systematic approach to financial reporting: the accounting equation
Chapter 3: Financial statements from the accounting equation
Chapter 4: Ensuring the quality of financial statements

Part 2 Reporting the transactions of a business
Chapter 5: Accounting information for service businesses
Chapter 6: Accounting information for trading businesses

Part 3 Recognition in financial statements
Chapter 7: Published financial statements
Chapter 8: Non-current (fixed) assets
Chapter 9: Current assets
Chapter 10: Current liabilities
Chapter 11: Provisions and non-current (long-term) liabilities
Chapter 12: Ownership interest

Part 4 Analysis and issues in reporting
Chapter 13: Ratio analysis
Chapter 14: Reporting corporate performance
Chapter 15: Reporting cash flows

Part 5 Setting the scene and defining the basic tools of management accounting
Chapter 16: Functions of management accounting
Chapter 17:Classification of costs
Chapter 18: Product costs: materials, labour and overheads

Part 6 Job costs and stock valuation
Chapter 19: Job costing

Part 7 Decision making
Chapter 20: Breakeven analysis and short-term decision making
Chapter 21: Preparing a budget
Chapter 22: Standard costs
Chapter 23: Performance evaluation and feedback reporting

Part 9 Capital investment appraisal and business strategy
Chapter 24: Capital investment appraisal
Chapter 25: Business strategy and management accounting

Salient Features

• Fully in line with IFRS, but provides comparative analysis with UK GAAP where relevant. 
• Experience-driven conversations between two managers appear at intervals throughout the text, providing a valuable insight into the type of interpretative comment which the reader may find more taxing. These discussions allow a more candid examination of issues and problems within the subject. 
• Fully redesigned text to aid navigation and understanding for students, including a unique colour-coding system to make technical material more accessible.
• Activity-based costing, strategic management accounting, the balanced scorecard and benchmarking are included in the main management accounting chapters.
• The approach to teaching and learning focuses on subject-specific knowledge outcomes and generic skills outcomes, with end-of-chapter self-evaluation.
• Questions are graded to test student understanding of chapter content, as well as skills in straightforward application of knowledge, and skills of problem solving and evaluation.
• Updated terminology and presentation to reflect the requirements of the International Accounting Standards Board from 2009 and the UK Companies Act 2006.
• New case studies containing examples from real-world companies reflect current issues such as cash flow management in Marks & Spencer, cost control at Debenhams, performance benchmarking at Argos.