Accounting and Finance for Non-Specialists

A clear introduction to the key principles of accounting & finance.

• Equips your students with a solid foundation on the subject for successful business decisions later in their careers.
• Explains the roles of accounting and finance in business decision-making step-by-step, covering widely used techniques with international financial standards in mind.
• Studies the impact of the COVID-19 pandemic on businesses such as Airbus and BP with real-life examples and offers activities and exercises for further support.
• Combines financial accounting, management accounting, and financial management.
• Focuses on decision-making to prepare your students for a career in business.
• Helps students build up their skills with activities and applied examples.

 

New to this edition

• Up-to-date content coverage, including introductory material on ethics and accounting, as well as revisions, to accommodate changes to rules on corporate governance.
• Helps your students make sense of real accounting issues, in a world affected by the Covid-19 pandemic.
• Articles and examples study the impact of the pandemic on prominent businesses such as BP, EasyJet, Rolls Royce, and Airbus and their response to pressure on their industries.
• Arresting new data and scenarios as applied in updated, real-world examples, help students understand the business environment from theory to practice. The 'Real World' boxes further connect accounting concepts with real decision-making.
• Enables group work and individual learning and revision with helpful, updated pedagogical features.
• More diagrams and charts have been added, along with updated examples and activities sections to improve conceptual discussions and stimulate student thinking.
• Revised, end-of-chapter exercises and integrated activities throughout the book provide excellent opportunities to test students' knowledge in core ideas, supporting the development of critical thinking and problem-solving skills. 

1 Introduction to accounting and finance

PART ONE: FINANCIAL ACCOUNTING

2 Measuring and reporting financial position

3 Measuring and reporting financial performance

4 Accounting for limited companies

5 Measuring and reporting cash flows

6 Analysing and interpreting financial statements

PART TWO: MANAGEMENT ACCOUNTING

7 The relevance and behaviour of costs

8 Full costing

9 Budgeting

PART THREE: FINANCE

10 Making capital investment decisions

11 Financing a business

12 Managing working capital

Appendix A: Glossary of key terms

Appendix B: Solutions to self-assessment questions

Appendix C: Solutions to critical review questions

Appendix D: Solutions to selected exercises

Appendix E: Present value table

Index

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.

Eddie McLaney is an academic author with many years experience of 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.