Financial and Management Accounting, 9th edition

Published by Pearson (April 29, 2024) © 2024
  • Pauline Weetman
  • Darren Jubb

Title overview

Help your students understand the 'why' behind the 'how' in Financial and Management Accounting.

Financial & Management Accounting: An Introduction, 9th edition, is a well-respected text written by experts drawing on many years of experience in teaching Accounting.

With a strong focus on the 2018 Conceptual Framework of the International Accounting Standards Board, this textbook makes extensive use of real-world case studies, and offers a wide range of activities throughout each chapter to help your students link theory to practice.

Hallmark features of this title

Up-to-date content aligning with the latest financial standards

  • A strong focus on the 2018 Conceptual Framework of the International Accounting Standards Board
  • Definitions and terminology in line with the Conceptual Framework
  • A clear and accessible writing style with a focus on clearly explaining the accounting equation

A range of student activities to further support your students' understanding

  • Chapter case studies illustrating key ideas in the book and featuring a variety of well-known companies and organisations
  • End-of-chapter questions to test your students' understanding of the essentials and go further by applying knowledge to realistic scenarios
  • A unique running case study applying accounting principles to a services company

"This is an easy to read, clearly structured and nicely illustrated textbook covering the most important topics in financial and management accounting. Not many textbooks reveal the 'why' behind accounting concepts. This one does - in a perfectly comprehensible manner!"
Professor Matthias Mohr, Board Member, St. Gallen Business School, Switzerland & PhD in Business Administration

New and updated features of this title

  • Updated with new sections on reporting on environmental impact and sustainability, and enhanced information on corporate social responsibility
  • Updated structure that introduces earlier many key concepts that business leaders need to know about financial accounting
  • New real-world cases help students understand and explore how the accounting theory is actually applied in practice and the financial issues that impact real businesses
  • Expanded coverage of international accounting standards
  • REVISED! Activities and end-of-chapter exercises to test your your students’ understanding and progress and to encourage them to go further by applying knowledge to realistic scenarios.
  • Updated online questions focusing on key concepts from the book – on the free-to-access companion website

Key features

Features of Pearson eTextbook for the 9th Edition

An up-to-date and comprehensive guide to the fundamentals of financial and management accounting, this all-in-one eBook offers leading textbook content and a range of digital tools, with integrated resources designed to support your learning. The eTextbook is a practical, digital eBook format allowing many features not possible with previous editions:

Meet students where they are

  • An AI-powered Study Tool provides instant and personalised explanations and practice questions, to aid understanding, help students stay on track, and build confidence.
  • Study on or offline. With the Pearson+ app, access the eTextbook anytime, anywhere. Includes full audiobook.
  • NEW translation feature – students select a word, phrase, or passage and translate it to a language of their choosing (over 100 languages).
  • Watch and interact via videos embedded in the chapters, bringing tricky concepts to life.

Optimise study time

  • Get organised and get results. Students can add their own notes, bookmarks, and highlights directly in their eTextbook.
  • Find it fast. Search makes it easy to find a key topic to study, or added content such as the in-built videos and any notes students have created.
  • Self-check learning and revise. In-built quizzes allow students to track their understanding so far, and with the flash cards feature they can create (or use pre-built) key term cards to support recall and exam preparation.

Find out more about the benefits of Pearson eTextbooks

Features of MyLab Accounting

NEW in 2026 for the 9th edition is MyLab Accounting, allowing offers you the flexibility to direct self-study, tailor assessments, track student activity and performance and more. There are exercises and questions of various types in MyLab® that can be selected and assigned for quizzes or formative assessments, helping you support a tailored learning experience.

  • Teach your course your way: Integrate MyLab seamlessly into your virtual learning environment and create a course that fits your needs – as MyLab offers you the flexibility around types of activity to use with your students.
  • An AI-powered Study Tool can be enabled or disabled, and offers instant help breaking down difficult questions, encouraging deeper learning.
  • Algorithmic questions have been created, so each student works on a numerical problem individual to them.
  • Short explanatory videos covering key concepts in financial and management accounting can be viewed to help students consolidate what they learned in class. Videos have also been added in some incorrect answer feedback for students to review at the point they got stuck.
  • A mathematics diagnostic and learning tool “Gap Finder” provides an adaptive learning path which helps students get the most benefit from the time spent. Gap Finder can be assigned to target learning for areas students are stuck on or least confident with.

Enhance student learning with MyLab Accounting

Table of contents

Preface

 

Part 1 Corporate Reporting: Annual Report and Accounts

  1. Users needs for information
  2. What influences the annual report?
  3. The accounting equation: a systematic approach to financial reporting
  4. Financial statements from the accounting equation
  5. Ensuring the quality of financial statements

Part 2 Reading and interpreting company reports

  1. Published financial statements
  2. Ratio analysis
  3. Ratios – worked example

Part 3 Reporting the transactions of a business

  1. Accounting information for service businesses
  2. Accounting information for trading businesses

Part 4 Recognition in financial statements

  1. Non-current (fixed) assets
  2. Current assets
  3. Current liabilities
  4. Provisions and non-current (long-term) liabilities
  5. Ownership interest

Part 5 Setting the scene and defining the basic tools of management accounting

  1. Functions of management accounting
  2. Classification of costs
  3. Product costs: materials, labour and overheads

Part 6 Job costs and stock valuation

  1. Job costing

Part 7 Decision making

  1. Break-even analysis and short-term decision making

Part 8

  1. Preparing a budget
  2. Standard costs
  3. Performance evaluation and feedback reporting

Part 9 Capital investment appraisal and business strategy

  1. Capital investment appraisal
  2. Business strategy and management accounting

Financial accounting terms defined

Management accounting terms defined

Appendices

I Information extracted from annual report of Safe and Sure Group 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

Publisher's acknowledgements

Author bios

Pauline Weetman, BA, BSc (Econ), PhD, CA, FRSE, is Professor Emerita of Accounting at the University of Edinburgh, with extensive experience in teaching at undergraduate and postgraduate levels, with previous chairs held at various universities across Scotland, UK.

Darren Jubb is a lecturer in Accounting at the University of Dundee. He is a qualified Chartered Accountant with several years of experience teaching financial accounting and auditing at undergraduate and postgraduate levels.

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