Financial and Management Accounting: An Introduction

Auteur

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.

Texte du rabat

Financial and Management Accounting, 9th edition is a fundamental learning resource for students studying Financial and Management Accounting courses. With a range of activities and real-world case studies, this edition will encourage students to explore and consider management accounting issues from different angles and perspectives.

Résumé

Shape your critical understanding of 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.

Ideal for undergraduate students in Business and Accounting courses, this revised edition provides new material on the relationship between corporate reporting and sustainability issues, including climate reporting.

At the same time, the book retains all the features that have contributed to its popularity: focus on the accounting equations, extensive use of real-world case studies, a clear and accessible writing style, a wide range of student activities throughout each chapter, and a unique running case study applying accounting principles to a services company.

Key features include:

• A discussion on sustainability and climate reporting with greater commitment to lower carbon use, and how international organisations have influenced corporate reporting in these areas
• Revised structure for flexible learning to suit your chosen study route
• Definitions and terminology aligned with the Conceptual Framework
• Thoroughly revised content to reflect regulatory changes, including the transition to the Audit, Reporting and Governance Authority (ARGA)
• Chapter case studies illustrating key ideas in the book and featuring a variety of well-known companies and organisations
• A range of activities throughout each chapter to help you consider issues from different viewpoints
• A large body of end-of-chapter questions to test your understanding of the essentials and go further by applying knowledge to realistic scenarios.
  With a strong focus on the 2018 Conceptual Framework of the International Accounting Standards Board, this textbook guides you in understanding the &"why" and not just the "how" of financial and management accounting.

Contenu

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