Accounting and Finance for Non-Specialists, 12th Edition
- Length: 528 pages
- Edition: 12
- Language: English
- Publisher: Pearson
- Publication Date: 2021-11-18
- ISBN-10: 129233469X
- ISBN-13: 9781292334691
- Sales Rank: #3318100 (See Top 100 Books)
Familiarise yourself with essential accounting and finance principles for business decision-making, and connect your learning with relevant examples from real world businesses
Accounting and Finance for Non-Specialists 12th Edition by Peter Atrill and Eddie McLaney is a highly accessible introduction to the subject. It equips you with a solid foundation in the principles and practice of accounting and finance, thereby laying the groundwork necessary to make successful business decisions in your future career.
Covering financial accounting, management accounting and financial management in a single text, you will discover what the major financial statements contain and why they are useful. You will also gain an appreciation of the key roles that accounting and finance play in business decision-making. This easy-to-follow textbook examines widely-used accounting techniques, considers important international financial standards and contains a range of relevant, real-world examples, many of which are new to this edition. Activities and exercises frequently appear throughout the book and provide opportunities to engage with the issues raised. Instructors, pair this text with MyLab Accounting MyLab™ is the teaching and learning platform that allows instructors to reach every student with powerful self-study material and assessments. By combining trusted author content with digital tools and a flexible platform, MyLab personalises the learning experience and improves results for each student.
If you would like to purchase both the physical text and MyLab Accounting search for: 9781292334745 Accounting and Finance for Non-Specialists 12th Edition with MyLab Accounting Package consists of:
- 9781292334691 Accounting and Finance for Non-Specialists 12th Edition
- 9781292334707 Accounting and Finance for Non-Specialists 12th Edition MyLab Accounting
- 9781292334684 Accounting and Finance for Non-Specialists 12th Edition Pearson eText
Front Cover Half Title Tilte Page Copyright Page Brief contents Contents Preface 1 Introduction to accounting and finance Introduction What are accounting and finance? Who are the users of accounting information? Providing a service Weighing up the costs and benefits Accounting as an information system Management accounting and financial accounting Scope of this book The changing face of accounting Accounting for ethics Why do I need to know anything about accounting and finance? The quest for wealth creation Meeting the needs of other stakeholders Wealth creation over the long term Balancing risk and return Summary Key terms References Further reading Critical review questions Part One FINANCIAL ACCOUNTING 2 Measuring and reporting financial position Introduction The major financial statements – an overview The statement of financial position The effect of trading transactions Classifying assets Classifying claims Statement layouts Capturing a moment in time The role of accounting conventions Money measurement Valuing assets Meeting user needs Summary Key terms Reference Further reading Critical review questions Exercises 3 Measuring and reporting financial performance Introduction The income statement Different roles Income statement layout Further issues Recognising revenue Recognising expenses Depreciation Costing inventories Trade receivables problems Uses and usefulness of the income statement Summary Key terms Further reading Critical review questions Exercises 4 Accounting for limited companies Introduction The main features of limited companies The role of the Stock Exchange Managing a company The UK Corporate Governance Code Financing limited companies Borrowings Withdrawing equity The main financial statements Dividends Additional financial statements The directors' duty to account The need for accounting rules Sources of accounting rules The auditors' role Management commentary Creative accounting Summary Key terms Further reading Critical review questions Exercises 5 Measuring and reporting cash flows Introduction Why is cash so important? The statement of cash flows and its relation to the other financial statements The relationship between the financial statements The main features of the statement of cash flows A definition of cash and cash equivalents The layout of the statement of cash flows The normal direction of cash flows Preparing the statement of cash flows What does the statement of cash flows tell us? Summary Key terms Further reading Critical review questions Exercises 6 Analysing and interpreting financial statements Introduction Financial ratios Financial ratio classifications The need for comparison Calculating the ratios A brief overview Profitability Efficiency Relationship between profitability and efficiency Liquidity Financial gearing Investment ratios Trend analysis Using ratios to predict financial failure Limitations of ratio analysis Summary Key terms Further reading Critical review questions Exercises Part Two MANAGEMENT ACCOUNTING 7 The relevance and behaviour of costs Introduction What is meant by 'cost'? Relevant costs: opportunity and outlay costs Cost behaviour Fixed cost Variable cost Semi-fixed (semi-variable) cost Finding the break-even point Contribution Margin of safety Operating gearing and its effect on operating profit Weaknesses of break-even analysis Using contribution to make decisions: marginal analysis Summary Key terms Further reading Critical review questions Exercises 8 Full costing Introduction What is full costing? Why do managers want to know the full cost? Single-product businesses Multi-product businesses Overheads as service renderers Activity-based costing Using full (absorption) cost information Summary Key terms Further reading Critical review questions Exercises 9 Budgeting Introduction How budgets link with strategic plans and objectives Time horizon of plans and budgets How budgets help managers Budgets and forecasts Limiting factors How budgets link to one another Using budgets in practice Preparing budgets Non-financial measures in budgeting Budgeting for control Measuring variances from budget Making budgetary control effective Behavioural issues The use of variance analysis Summary Key terms Further reading Critical review questions Exercises Part Three FINANCE 10 Making capital investment decisions Introduction The nature of investment decisions Investment appraisal methods Accounting rate of return (ARR) Payback period (PP) Net present value (NPV) Why NPV is better Internal rate of return (IRR) Some practical points Investment appraisal in practice Investment appraisal and strategic planning Summary Key terms Reference Further reading Critical review questions Exercises 11 Financing a business Introduction The main objective of financing policy Sources of finance Internal sources of finance Internal sources of long-term finance Internal sources of short-term finance External sources of finance External sources of long-term finance Forms of borrowing External sources of short-term finance Long-term versus short-term borrowing Gearing and the financing decision Raising long-term finance Share issues The role of the Stock Exchange The Alternative Investment Market Providing long-term finance for the small business Islamic finance Summary Keyterms References Further reading Critical review questions Exercises 12 Managing working capital Introduction What is working capital? The scale of working capital Managing inventories Managing trade receivables Managing cash Managing trade payables Managing working capital Summary Key terms Further reading Critical review questions Exercises 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 Acknowledgments Back Cover
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