Accounting and Finance: An Introduction

• 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.
• 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.
• 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.
  

Preface

How to use this book

Publisher's Acknowledgements

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

1. Appendix A Recording financial transactions
2. Appendix B Glossary of key terms
3. Appendix C Solutions to self-assessment questions
4. Appendix D Solutions to critical review questions
5. Appendix E Solutions to selected exercises
6. Appendix F Present value table
7. Index