Accounting: Theory and Practice, 8th edition

Published by Financial Times Press (October 12, 2010) © 2011
  • Michel Glautier
  • Brian Underdown
  • Deigan Morris

Title overview

For over thirty years, students have benefitted from this comprehensive, theory-based guide to accounting, its application to management decision-making and its impact on our wider global society. In this substantially revised eighth edition of the text, the authors reflect contemporary developments in the subject while continuing to encourage critical analysis of the usefulness and relevance of accounting practices.

This edition includes a Companion Website.

  • Provides a comprehensive and long-lasting student companion, taking you from the basics of double-entry book-keeping to financial reporting, cost accounting and management control.

  • Helps you appreciate the nature of accounting and the purpose of accounting practices through an underpinning theoretical framework.

  • Discusses the evaluation of group financial performance, including the management control systems required for the effective functioning of complex organisations.

  • Poses self-assessment and problem questions within each chapter so you may test your skills.

  • Demonstrates the convergence of UK and International Accounting Standards, acknowledging the universality of accounting rules for establishing an international regulatory framework, with a new chapter on International rules for business accounting.

  • Emphasises the social responsibility of organisations and the ethics of accounting, featuring new chapters on Accounting and responsibility and Social accounting and the caring society.

Table of contents

  1. 1: Accountability and accounting
  2. 2: The scope of business accounting
  3. 3: Accounting as an information system
  4. 4: The universality of business accounting method
  5. 5: International rules for business accounting
  6. 6: The scope and role of accounting theory
  7. 7: Financial accounting statements
  8. 8: Financial accounting concepts
  9. 9: Financial accounting standards
  10. 10: The generation of financial accounting data
  11. 11: Data processing and double-entry bookkeeping
  12. 12: Double-entry bookkeeping and periodic measurement
  13. 13: Losses in asset values and periodic measurement
  14. 14: Preparing an income statement and a balance sheet
  15. 15: Reporting recorded assets and liabilities
  16. 16: The processes of management
  17. 17: Traditional cost accounting
  18. 18: ABC and JIT
  19. 19: Cost–volume– profit analysis
  20. 20: Marginal costing
  21. 21: Costs for Pricing
  22. 22: Costs for short-run tactical decisions
  23. 23: Companies: their nature and regulation
  24. 24: Published financial statements
  25. 25: Statements of Cash-flows
  26. 26: Interpreting and comparing financial statements
  27. 27: Capital, value and income
  28. 28: Accounting and economic concepts of income and value
  29. 29: Accounting under monetary instability and market volatility
  30. 30: Reporting to investors
  31. 31: Social accounting and the caring society
  32. 32: Budgeting for planning and control
  33. 33: Organization for cont

Author bios

Michel Glautier is a graduate of the Universities of Manchester and London and has a Doctorate in Management Sciences (with distinction) from the University of Paris. He was for many years Membre du Jury National du Diplôme d’Expertise Comptable in France. He has been Visiting Professor at universities and business schools in the USA and Australia and has extensive experience as an international business consultant. He is a former Professor of Accounting and Control at INSEAD, Fontainebleau.

Brian Underdown BA, MA, ACMA was Professor in Accounting and Financial Management at Sheffield University Management School.

Deigan Morris graduated from the University of Nottingham and received his Doctorate from the University of Warwick. He has been Professor of Accounting and Control at INSEAD, Fontainebleau since 1972 and Area Co-ordinator until 2007. He remains active at INSEAD as Emeritus Professor. His teaching and consulting have involved multinational companies domiciled in Europe, North America, Asia and the Middle East.

Loading...Loading...Loading...