Covering all the key areas of financial and management accounting, this text focuses on how managers will actually use information, rather than how accountants prepare it. The text is fully updated and revised to take account of the recent ASB developments, and includes new material on ratio analysis and activity based costing.
Covering all the key areas of financial and management accounting, this text focuses on how managers will actually use information, rather than how accountants prepare it. The text is fully updated and revised to take account of the recent ASB developments, and includes new material on ratio analysis and activity based costing.
Reihe
Auflage
Sprache
Verlagsort
Zielgruppe
Für höhere Schule und Studium
Für Beruf und Forschung
Editions-Typ
Illustrationen
ISBN-13
978-1-86152-090-6 (9781861520906)
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Schweitzer Klassifikation
Chapter 1 Introduction to accounting: for what purpose is it used?; who uses accounting information?; limitations of accounting information; accounting as a business function; the strategic context; the organizational context; the environmental context; review questions; problems for discussion and analysis. Chapter 2: wealth and the measurement of profit; original cost; historic cost; replacement cost; economic value net realisable value; conclusion; review question; problems for discussion and anlaysis. Chpater 3: the measurement of wealth; the measurement of wealth; the importance of balance sheets; assets; fixed and current assets; liabilities; owners equity; the balance sheet; determinants of the format of the balance sheet format; review questions; problems for discussion and analysis. Chapter 4: the profit and loss account; importance of profit and loss account; revenue; the realization principle; expenses; the profit and loss account; determinants of the format of the profit and loss account and its uses; review questions; problems for discussion. Chapter 5: introduction to the worksheet; single entry error; incorrect double entry; addition, subtraction and transposition errors; problems for discussion and analysis; answer to example 5.2. Chapter 6: stocks and work in progress; the nature of the business and stock valuation; the determination of the costs at goods sold; valuation of stock effects of price changes; answer to example 6.3; review questions; problems for discussion and analysis. Chapter 7: debtors, creditors accruals and prepayments;debtors and prepayments; prepayments; bad debts; creditors and accruals; accrual summary; review questions. Chapter 8: fixed assets and depreciation; differences between fixed and current assets; the cost of a fixed asset; the useful life of fixed assets; depreciation; why depreciate?; methods of deprecation; comparison of the two methods; slide of fixed assets; review question; problems for discussion and analysis. Chapter 9: financing and business structures; short-term finance; medium-term finance; long-term finance; financing structures and financial risk; review questions; problems for discussion. Chapter 10: final accounts, partnerships and companies; the traditional approach; end of period adjustments; discussion; final account; forms of organization; review questions. (Part contents).
