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Accounting and Finance: An Introduction, 11th edition

Published by Pearson (March 2, 2023) © 2023

  • Eddie McLaney
  • Peter Atrill University of Plymouth Business School

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Provide your students with a complete grounding in Accounting and Finance for successful business decisions.

Accounting and Finance: An Introduction, 11th edition contains all the information your students need to understand the key roles of in making business decisions.

With updated content using real accounting techniques, this must-have textbook is the ideal teaching support as you help your students develop their skills for a future career in Business.

Reach every student with MyLab®Accounting.

Hallmark features of this title

Providing relevant, real-life understanding of concepts

  • Real-World examples put theory into action, encouraging students to connect with issues relevant to their onward careers.
  • Activities and exercises help students consolidate the main concepts, apply their learning and develop critical thinking.

Practically applies principles to business contexts

  • Real numerical accounting techniques, with consideration of up-to-date, important financial standards
  • A clear focus on decision making and on how businesses use financial information.

User-friendly structure

  • Learning outcomes at the beginning of each chapter highlight the key areas.
  • End-of-chapter summaries help students revise and check their understanding of the topics.

"A comprehensive, accessible and user-friendly text that employs contemporary, real-life examples, promotes critical thinking and reflects the latest international rules and regulations. A most valuable resource."

Dr Christos Begkos, Associate Professor, Alliance Manchester Business School, University of Manchester

“The textbook is a useful tool for students who are new to accounting. The exercises at the end of each chapter make it easy for the students to grasp the concepts”

Matthias Nnadi, Senior Lecturer in Accounting, Cranfield University

New and updated features of this title

Help students make sense of real accounting issues that surfaced during the Covid-19 pandemic

  • New articles and accounts information in this edition demonstrate the various impacts of the Covid-19 pandemic on prominent businesses, explaining how they responded to the pressure on their industries. The discussion includes those who have weathered the pandemic, as well as those who suffered real losses.
  • New examples include Uber, BP, Airbus, J.P. Morgan, Airlines EasyJet and Malaysian Airlines, breweries such as Heineken, and the theme park Shanghai Disneyland. These real-life examples help students understand accounting and finance theory as actually applied in practice, giving ways to explore financial issues that impact real businesses.

Updates in line with accounting standards

  • Updated, up-to-date coverage includes revisions in the text to accommodate changes to the regulatory framework governing companies, such as the IFRS Standards and the IASB's Conceptual Framework.

Revised activities to consolidate the main ideas

  • New and updated activities throughout the textbook encourage student thinking and critical reflection on the topics. As with previous editions, these are chosen to come at the most helpful and most necessary points in each chapter.

Features of MyLab® Accounting for the 11th Edition

A fully integrated online homework and tutorial system for your students.
  • Teach your course your way: MyLab gives you the flexibility to build your own assignments and questions and create a course that fits your needs.
  • UPDATED – Over 1,825 accounting problems are now available for student assignments, including additional questions for this edition on the analysis of financial statements.
  • Over 400 algorithmic questions are included, giving you confidence that students will be answering different variations of a problem.
  • Learning aids, such as Help Me Solve This, provide extra help for students at the point of use.
  • Pull reports on student progress: Check your students' progress with current and past assignments and tweak the work they need to do next.
  • UPDATED for this edition – an addition of more than 50 multi-part questions to test your students beyond 'knowledge recall', challenging them to understand more extended issues and problems and apply techniques appropriately.
A series of interactive material help students master key concepts and connect theory with practice.
  • NEW – Five video exercises consolidate your students' understanding of concepts. Topics include break-even point, full costing, Time Value of Money, and investment appraisal.
  • Accounting in Action: An extended scenario encourages your students to consider and apply accounting principles as part of a single narrative, providing business context to decisions they will need to make in the real world.

Discover more about MyLab®Accounting.

  • Preface
  • How to use this book
  • Publisher's Acknowledgements
  1. Introduction to accounting and finance

Part 1 – Financial accounting

  1. Measuring and reporting financial position
  2. Measuring and reporting financial performance
  3. Accounting for limited companies (1)
  4. Accounting for limited companies (2)
  5. Measuring and reporting cash flows
  6. Analysing and interpreting financial statements

Part 2 Management accounting

  1. Making management decisions
  2. Cost – volume – profit analysis
  3. Full costing
  4. Costing and performance evaluation in a competitive environment
  5. Budgeting
  6. Accounting for control

Part 3 – Financial Management

  1. Making capital investment decisions
  2. Financing a business
  3. Managing working capital

Part 4 – Supplementary information

  • Appendix B Glossary of key terms
  • Appendix C Solutions to self-assessment questions
  • Appendix D Solutions to critical review questions
  • Appendix E Solutions to selected exercises
  • Appendix F Present value table
  • Index

Eddie McLaney is an academic author with several years of experience in teaching Accounting and Finance. He was formerly the Accounting Subject Group Leader and Principal Lecturer in Accounting and Finance at Plymouth Business School, University of Plymouth.

Peter Atrill is a freelance academic and author who has worked with leading institutions in the UK, Europe, and South-East Asia. As well as working as a business consultant, he was previously Head of Business and Management and Head of Accounting and Law at Plymouth Business School, University of Plymouth.

Endorsements

“A comprehensive, accessible and user-friendly text that employs contemporary, real-life examples, promotes critical thinking and reflects the latest international rules and regulations. A most valuable resource.”

Dr Christos Begkos, Associate Professor, Alliance Manchester Business School, University of Manchester

“The textbook is a useful tool for students who are new to accounting. The exercises at the end of each chapter make it easy for the students to grasp the concepts.”

Matthias Nnadi, Cranfield University

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