Financial Accounting For Dummies - UK
2nd Edition
Published on 6. November 2025
Book
Paperback/Softback
368 pages
978-1-394-36648-4 (ISBN)
Description
Essential concepts and terminology to turn you into a financial accounting wizard
They say accounting is the language of business, and like any new language, it takes time to achieve fluency. Financial Accounting For Dummies, UK Edition simplifies complex information into easily understandable terms to help you succeed in your classes and your career. In classic Dummies fashion, this guide demystifies complicated jargon and confusing rules, so you can understand all that you need to know to work in the financial accounting field. Discover the steps to becoming a qualified accountant and learn to handle bookkeeping, business transactions, and ledgers. When you're ready for the more advanced stuff, move on to balance sheets, investing, and analysing financial statements. Let Financial Accounting For Dummies simplify accounting, so you can achieve your goals, the easy way.
Gain a thorough background in financial accounting concepts, with clear explanations
Learn about the major changes to accounting standards and law in recent years
Start off on the track of getting qualified as an accountant and beginning a rewarding career
Understand profit and loss, financial statements, and other accounting must-knows
Financial Accounting For Dummies, UK Edition is invaluable for students pursuing a degree in accounting, finance, or business, as well as those working toward their ACA, ACCA, or CIMA qualifications.
They say accounting is the language of business, and like any new language, it takes time to achieve fluency. Financial Accounting For Dummies, UK Edition simplifies complex information into easily understandable terms to help you succeed in your classes and your career. In classic Dummies fashion, this guide demystifies complicated jargon and confusing rules, so you can understand all that you need to know to work in the financial accounting field. Discover the steps to becoming a qualified accountant and learn to handle bookkeeping, business transactions, and ledgers. When you're ready for the more advanced stuff, move on to balance sheets, investing, and analysing financial statements. Let Financial Accounting For Dummies simplify accounting, so you can achieve your goals, the easy way.
Gain a thorough background in financial accounting concepts, with clear explanations
Learn about the major changes to accounting standards and law in recent years
Start off on the track of getting qualified as an accountant and beginning a rewarding career
Understand profit and loss, financial statements, and other accounting must-knows
Financial Accounting For Dummies, UK Edition is invaluable for students pursuing a degree in accounting, finance, or business, as well as those working toward their ACA, ACCA, or CIMA qualifications.
More details
Edition
2nd UK Edition
Language
English
Place of publication
United States
Publishing group
John Wiley & Sons Inc
Dimensions
Height: 234 mm
Width: 188 mm
Thickness: 23 mm
Weight
670 gr
ISBN-13
978-1-394-36648-4 (9781394366484)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Steven Collings | Maire Loughran
Financial Accounting For Dummies - UK
E-Book
10/2025
2nd Edition
Wiley
€22.99
Available for download
Steven Collings | Maire Loughran
Financial Accounting For Dummies - UK
E-Book
10/2025
2nd Edition
Wiley
€22.99
Available for download
Previous edition
Book
04/2013
Wiley
€29.00
Article exhausted; check for reprint
Persons
Steve Collings, FCCA, is an internationally recognized speaker, writer, and commentator on financial reporting and auditing. He is the author of IFRS For Dummies and Interpretation and Application of International Standards on Auditing.
Maire Loughran, CPA, is an accountant and auditor with 20 years' experience as a full, adjunct accounting professor. She is the author of Financial Accounting For Dummies, Auditing For Dummies, and Intermediate Accounting For Dummies.
Maire Loughran, CPA, is an accountant and auditor with 20 years' experience as a full, adjunct accounting professor. She is the author of Financial Accounting For Dummies, Auditing For Dummies, and Intermediate Accounting For Dummies.
Content
Introduction 1
Part 1: Getting Started with Financial Accounting 5
Chapter 1: Looking at the Bigger Picture of Financial Accounting 7
Chapter 2: Making a Career in Financial Accounting 23
Chapter 3: Introducing the Primary Financial Statements 37
Chapter 4: Acronym Alert! Setting the Standards for Financial Accounting 53
Part 2: Looking at Some Accounting Basics 67
Chapter 5: Doing the Books: The Process behind Financial Accounting 69
Chapter 6: Exploring Accounting Methods Under UK and Ireland GAAP and UK-adopted IFRS 91
Part 3: Bonding with the Balance Sheet 103
Chapter 7: Looking at Assets 105
Chapter 8: Grappling with Liabilities 119
Chapter 9: Examining the Equity Section 139
Part 4: Investigating Income and Cash Flow 151
Chapter 10: Understanding Profit and Loss 153
Chapter 11: Figuring Out the Statement of Cash Flows 175
Chapter 12: Discovering and Understanding Depreciation 191
Chapter 13: Dealing with and Accounting for Inventory and Work in Progress 205
Part 5: Analysing the Financial Statements 217
Chapter 14: Using Ratios and Other Tools 219
Chapter 15: Delving into Disclosures. 233
Chapter 16: Reporting to Shareholders 249
Part 6: Tackling More Advanced Financial Accounting Topics 261
Chapter 17: Accounting for Revenue 263
Chapter 18: Accounting for Taxes 279
Chapter 19: Accounting for Leases 291
Chapter 20: Reporting Changes in Policies and Estimates and Correcting Errors 307
Part 7: The Part of Tens 319
Chapter 21: Ten Financial Accounting Shenanigans 321
Chapter 22: Ten Industries with Special Accounting Standards 329
Index 337
Part 1: Getting Started with Financial Accounting 5
Chapter 1: Looking at the Bigger Picture of Financial Accounting 7
Chapter 2: Making a Career in Financial Accounting 23
Chapter 3: Introducing the Primary Financial Statements 37
Chapter 4: Acronym Alert! Setting the Standards for Financial Accounting 53
Part 2: Looking at Some Accounting Basics 67
Chapter 5: Doing the Books: The Process behind Financial Accounting 69
Chapter 6: Exploring Accounting Methods Under UK and Ireland GAAP and UK-adopted IFRS 91
Part 3: Bonding with the Balance Sheet 103
Chapter 7: Looking at Assets 105
Chapter 8: Grappling with Liabilities 119
Chapter 9: Examining the Equity Section 139
Part 4: Investigating Income and Cash Flow 151
Chapter 10: Understanding Profit and Loss 153
Chapter 11: Figuring Out the Statement of Cash Flows 175
Chapter 12: Discovering and Understanding Depreciation 191
Chapter 13: Dealing with and Accounting for Inventory and Work in Progress 205
Part 5: Analysing the Financial Statements 217
Chapter 14: Using Ratios and Other Tools 219
Chapter 15: Delving into Disclosures. 233
Chapter 16: Reporting to Shareholders 249
Part 6: Tackling More Advanced Financial Accounting Topics 261
Chapter 17: Accounting for Revenue 263
Chapter 18: Accounting for Taxes 279
Chapter 19: Accounting for Leases 291
Chapter 20: Reporting Changes in Policies and Estimates and Correcting Errors 307
Part 7: The Part of Tens 319
Chapter 21: Ten Financial Accounting Shenanigans 321
Chapter 22: Ten Industries with Special Accounting Standards 329
Index 337