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Accounting for Non-Accountants 12th Revised edition [Kõva köide]

  • Formaat: Hardback, 392 pages, kõrgus x laius x paksus: 240x160x30 mm, kaal: 840 g
  • Ilmumisaeg: 03-May-2020
  • Kirjastus: Kogan Page Ltd
  • ISBN-10: 1789664330
  • ISBN-13: 9781789664331
  • Formaat: Hardback, 392 pages, kõrgus x laius x paksus: 240x160x30 mm, kaal: 840 g
  • Ilmumisaeg: 03-May-2020
  • Kirjastus: Kogan Page Ltd
  • ISBN-10: 1789664330
  • ISBN-13: 9781789664331
Learn how to navigate the maze of accounting concepts and financial terms with this guide to the basics of financial and management accounting.

Accounting has a reputation as a technical and jargon-heavy subject, but there is no reason why those without formal training cannot master the basics of interpreting accounts and making good decisions.

Accounting for Non-Accountants assumes no prior knowledge of the subject area and is designed to serve as an introductory text for managers and non-specialists who wish to gain an oversight of the accounting discipline. The book covers both financial and management accounting in sufficient detail to allow data to be interpreted but in a clear and accessible manner so the reader can quickly gain an understanding of the basic principles of the subject area.

Now in its 12th edition, Accounting for Non-Accountants has been fully updated to the latest regulatory requirements including the UK GAAP framework, International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS). The final chapter focuses on the impact of changes in the economic environment on businesses and there are introductions to areas including tax, transfer pricing and creative accounting. This practical guide includes review questions in each chapter, with answers and workings where appropriate, and is supported online by over 200 questions and a glossary to develop a firm understanding of all topics.

Arvustused

"This book provides an easy-to-understand essential guide for managers to learn key concepts and systems of financial accounting, management accounting, and corporate finance. With balanced coverage of practical applications of preparing financial statements, financial analysis and related questions and exercises, the book gives managers the necessary skills in understanding and using accounting information for decision-making in the real business world. I strongly recommend this book for anyone interested in Accounting and Finance." * Professor Aly Salama, Professor of Accounting and Head of Accounting Subject Group, Northumbria University * "This is a useful and elaborate overview of the principles of financial accounting and management accounting. Well written, comprehensive volume. This textbook is very informative, the chapters are well organized, the learning goals are highlighted and illustrated in a straightforward and understandable fashion. The basic formulas, concepts and theories associated with managerial finance including solved examples are very well designed and presented." * Dr. Neveen Abdelrehim, Senior Lecturer in Accounting & Finance, Newcastle University * "This book has been a key resource in the preparation of lecture and seminar sessions, as it is well written and easy to comprehend. I highly recommend Accounting and Finance for Managers to those interested in understanding how accounting and finance informs business decision making by organisations, whether you are a student or manager within the business world. The illustrative examples provided facilitate a deeper understanding of the topic areas covered in each chapter, whether you have background in accounting and finance or are new to the subject." * Paul Brewster, Programme Leader Football Business and Finance, UCFB Wembley * "Managers seeking to improve analytical skills with new accounting and finance tools will find this handbook emphasizes learning through example, and teaches the basics of accounting from how to prepare a set of basic financial statements to interpreting profit, cash budgets, pricing strategies to suit different kinds of markets, and more. Each chapter is paired to course structures so the book can be used as a classroom text, and each melds theory with real-world business applications for maximum effect. It's rare to find a title suitable for self-study and classroom learning alike: this book fits the bill, on both." * Midwest Book Review, California Bookwatch, The Business Shelf *

Introduction 1(2)
1 Financial record keeping
3(21)
Introduction
3(1)
Single-entry bookkeeping
4(2)
Double-entry bookkeeping
6(4)
Balancing accounts
10(3)
The trial balance
13(1)
Daybooks and ledgers
14(2)
Accounting software
16(1)
Benefits of accounting software
17(2)
Review questions
19(5)
2 Income statements
24(10)
Introduction
24(1)
Calculating profit
24(4)
The income statement
28(2)
Classification of expenditure
30(1)
Review questions
31(3)
3 The balance sheet
34(14)
Introduction
34(1)
Content of the balance sheet
35(5)
Format of the balance sheet
40(3)
Review questions
43(5)
4 Further adjustments to the income statement
48(21)
Introduction
48(1)
Accruals concept
48(1)
Accruals and prepayments
49(3)
Depreciation
52(5)
Irrecoverable debts
57(1)
Allowance for doubtful debts
58(1)
Discounts
58(4)
Review questions
62(7)
5 Checking the double-entry system
69(21)
Introduction
69(1)
Correction of errors
69(5)
Bank reconciliation statements
74(5)
Control accounts
79(1)
Sales ledger control accounts
79(2)
Purchases ledger control accounts
81(1)
Reconciliation of control account totals
82(2)
Review questions
84(6)
6 Accounting concepts
90(9)
Introduction
90(1)
Accounting concepts
90(5)
From accounting concepts to accounting standards
95(1)
Review questions
96(3)
7 Accounting for other business organizations
99(32)
Introduction
99(1)
Manufacturing organizations
99(4)
Partnerships
103(4)
Not-for-profit organizations
107(8)
Incomplete records
115(7)
Review questions
122(9)
8 An introduction to business costing
131(28)
Introduction
131(1)
Cost centres and cost units
132(1)
Cost behaviour
132(3)
Principles and methods of costing
135(1)
Costing principles
135(1)
Absorption costing
136(10)
Costing methods
146(9)
Review questions
155(4)
9 Marginal costing and decision making
159(24)
Introduction
159(1)
Contribution
160(1)
Uses of marginal costing
160(1)
Break-even analysis
161(6)
Optimum production plans
167(3)
Make-or-buy decisions
170(3)
Special order decisions
173(2)
Closing down an unprofitable business segment
175(3)
Marginal and absorption costing compared
178(2)
Review questions
180(3)
10 Standard costing
183(15)
Introduction
183(1)
Standard costs
183(2)
Variance analysis
185(1)
Types of variance
186(1)
Sub-variances
186(1)
Materials variances
186(2)
Labour variances
188(1)
Flexible budgets
189(2)
Sales variances
191(1)
Overhead variances
191(2)
Interpretation of variances
193(1)
Interrelationships of variances
194(2)
Review questions
196(2)
11 Budgeting
198(21)
Introduction
198(1)
Purpose of budgets
198(3)
Types of budget
201(9)
Budgeting example
210(4)
Budgeting techniques
214(2)
Review questions
216(3)
12 Working capital management
219(15)
Introduction
219(1)
The working capital cycle
219(2)
Inventory
221(6)
Trade receivables
227(4)
Management of trade payables
231(1)
Managing cash
232(1)
Review questions
233(1)
13 Capital investment appraisal
234(20)
Introduction
234(1)
Capital investment
234(1)
Relevant costs and benefits
235(1)
Net cash flow and the investment appraisal
236(1)
Methods of investment appraisal
237(1)
Payback
237(3)
Accounting rate of return (ARR)
240(1)
Discounted cash flow
241(4)
Net present value (NPV)
245(1)
Internal rate of return (IRR)
246(3)
Discounted payback
249(1)
Investment appraisal evaluated
250(1)
Review questions
250(4)
14 An introduction to limited companies
254(17)
Introduction
254(1)
Limited liability
254(1)
Setting up a limited company
255(1)
Types of limited company
255(2)
Share capital and dividends
257(2)
Financial statements of the limited company
259(6)
Rights issues
265(2)
Bonus issues
267(1)
Review questions
268(3)
15 Published accounts of the limited company
271(29)
Introduction
271(1)
Annual return
271(1)
Contents of the annual report
272(1)
Auditor's report
273(1)
Directors' report
274(1)
Published financial statements -- IAS 1
275(13)
Revenue
288(3)
Statement of changes in equity
291(1)
Notes to the financial statements
292(5)
Review question
297(3)
16 Accounting standards
300(13)
Introduction
300(1)
UK GAAP
300(1)
International accounting standards
301(2)
IASB conceptual framework
303(3)
Recent progress towards a single set of accounting standards
306(1)
Financial reporting standards (FRSs) used in the UK
306(3)
Earnings management
309(3)
Review questions
312(1)
17 Statement of cash flows
313(16)
Introduction
313(1)
The differences between cash and profit
313(2)
The statement of cash flows
315(10)
Review questions
325(4)
18 Accounting ratios
329(28)
Introduction
329(1)
Types of accounting ratio
330(1)
Profitability ratios
330(6)
Efficiency ratios
336(5)
Liquidity ratios
341(3)
Gearing ratios
344(4)
Investor ratios
348(3)
Limitations of ratio analysis
351(1)
Review questions
352(5)
19 The economic environment
357(10)
Economic objectives
357(4)
Economic policy
361(4)
Review questions
365(2)
Index 367
David Horner has taught Accounting and related courses for over 25 years in the UK. He currently teaches at Birkdale school, Sheffield. He has written numerous textbooks aimed at students both for schools and university level. He has worked with AQA, a major examination board in the UK, for over 20 years.