Financial and Management Accounting: An Introduction

This revised and fully updated edition continues to provide students with a clear and well-structured introduction to financial and management accounting. The fourth edition retains all of the classic features that have contributed to the book’s success: clarity of expression, the focus on the accounting equation, student activities and real-life commentaries running through each chapter, and the inclusion of the Safe and Sure Annual Report as a real world example of a listed company.

New to the fourth edition:

  • Fully in line with IFRS, but provides comparative analysis with UK GAAP where relevant.
  • New case study material including extracts from annual reports for companies such as: The Body Shop, Sainsbury’s, British Airports Authority, Matalan, Argos, Homebase, Burberry, Ottakers, Carphone Warehouse and BP.
  • 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. 

Financial and Management Accounting: An Introductionis aimed at first-level undergraduates on business studies degrees taking introductory financial accounting and management accounting classes; first-level specialist accounting undergraduate students; introductory core accounting for MBA and postgraduate specialist Masters students (e.g. finance, actuarial studies), focusing on analysis through the accounting equation and a questioning approach to problem solving; and professional courses where accounting is introduced for the first time.

The book is accompanied by a comprehensive support package for lecturers, arranged on a chapter-by-chapter basis and comprising the following: student lecture notes on a ‘fill the gaps’ basis; matching powerpoint slides; graded questions to supplement those of chapters, including multiple-choice questions; and solutions to questions in the book.

This revised and fully updated edition continues to provide students with a clear and well-structured introduction to financial and management accounting. This edition retains all of the classic features that have contributed to the book’s success particularly its clarity of expression within a sound conceptual framework.  There is a strong emphasis on the ‘why’ rather than simply the ‘what’ and ‘how’.

Features

  • 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.
  • The book is accompanied by a comprehensive support package for lecturers, arranged on a chapter-by-chapter basis comprising of: student lecture notes on a ‘fill the gaps’ basis; graded questions to supplement those of chapters; including multiple choice questions; solutions to questions in the book; and ‘Safe & Sure’ annual report for analysis.

 

New to this Edition

·        Fully in line with IFRS, but provides comparative analysis with UK GAAP where relevant.

·        New case study material including financial statements, Directors’ Reports,and financial forcasts for companies such as: the Body Shop, Sainsburys, British Airports Authority, Matalan, Argos, Homebase, Burberry, Ottakers, Carphone Warehouse, BP

·        Redesigned to aid navigation and understanding for students

 

Table of Contents

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

Glossary of financial accounting terms

MANAGEMENT ACCOUNTING

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

Part 8 Planning and control

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

Financial accounting defined

Management accounting defined

Appendices

I  Information extracted from annual report of Safe and Sure plc, used throughout Financial Accounting

II   Solutions to numerical and technical questions in Financial Accounting                                                                                                 

III  Solutions to numerical and technical questions in Management Accounting

Index

Weight 1.500 kg
ISBN

9780273703693

Pages

824

Year Published

2006

Format

Paperback

Author

Pauline Weetman

Publisher

FT Prentice Hall

Reviews

There are no reviews yet.

Be the first to review “Financial and Management Accounting: An Introduction”

Customers Also Bought These