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Introduction to Accounting

Peter Scott

February 2018

ISBN: 9780198783282

664 pages

In Stock

Price: £46.99

The most practical introductory accounting book for accounting and finance students, packed with examples and accompanied by a wealth of online resources.



'Introduction to Accounting' is the most practical introductory book for accounting and finance students, packed with supportive learning features and both worked and real life examples, and accompanied by a wealth of online resources.

  • A multitude of numerical and real life examples, together with the 'Why is this relevant to me?' feature, engage students by demonstrating why the material is important in real life, and how the tools and techniques are used in practice by professional accountants.
  • Written in a clear, lively style that speaks directly to the reader, and draws on the author's wealth of teaching experience to anticipate questions and areas of confusion.
  • Sets the 'number-crunching' into a logically-structured and extremely readable narrative.
  • Frequent signposts in the book direct students to relevant material within the extensive accompanying online resources to make it easy for them to build on and consolidate their learning.
  • Packed with supportive learning features that break down each topic into manageable chunks, and prompt students to realistically assess their understanding and undertake self-led practice.
  • Two full chapters and an extensive online case study guide students towards a solid understanding of double-entry bookkeeping, a critical topic for first year accounting and finance students to grasp.
  • Content maps closely to the topics covered in the first year of an accounting and finance degree, allowing students to get to grips with the fundamentals of the subject without being overwhelmed or distracted by unnecessary detail.

About the Author(s)

Peter Scott, Former Principal Lecturer in Accounting and Finance, De Montfort University

Peter Scott held the position of Principal Lecturer in Accounting and Finance at De Montfort University until 2016, teaching at both undergraduate and postgraduate level. He was an undergraduate personal tutor and was awarded a Vice Chancellor's Distinguished Teaching Award on four occasions following nominations by his students. Prior to De Montfort, Peter trained with Grant Thornton, Chartered Accountants, where he also gained post qualification experience, before moving into industry at Ashfield Holdings Plc. Peter has presented various academic papers on the subject of auditing at several conferences in the UK, and has jointly authored published papers in refereed journals. He has also undertaken writing assignments for the ACCA, CIMA and the CIES International University Network (University of Neuchatel, Switzerland).

Table of Contents

    1: Introduction
    Financial accounting
    2: The statement of financial position
    3: The income statement
    4: Double-entry bookkeeping 1: Debits, credits, T accounts, the trial balance and the financial statements
    5: Double-entry bookkeeping 2: Books of prime entry, accounting systems and other double entry applications
    6: The statement of cash flows
    7: Business organizations and the financing of business
    8: Ratio analysis 1: Profitability, efficiency and performance
    9: Ratio analysis 2: Liquidity, working capital and long term financial stability
    Management accounting
    10: Cost and management accounting in context
    11: Product costing: Absorption costing
    12: Relevant costs, marginal costing and short-term decision making
    13: Standard costing and variance analysis
    14: Budgeting
    15: Process costing
    16: Capital investment appraisal
    17: Corporate governance and sustainability


"With its clear, logical structure, stimulating exercises, and user-friendly feel, this is an excellent text that will really make a difference to students' learning." - Dr Androniki Triantafylli, Queen Mary University of London

"The author has done a marvellous job - he approaches this subject with a passion and enthusiasm that keeps the reader engaged and focused throughout. I will certainly be recommending that my students buy this book!" - Dr Anwar Halari, The Open University

Additional Resources

The text is supported by online resources (provided via an ARC and via Dashboard, an online assessment and homework platform) to help students take their learning further.

For students, through the online student workbook:

- Interactive Multiple Choice Questions for revising key topics;
- Numerical exercises for practising the calculation of accounting information from given sets of data;
- 'Go back over this again' features containing a mix of further examples, written exercises, true or false questions, and annotated accounting information to help consolidate learning and revise or revisit concepts;
- 'Show me how to do it' narrated video presentations that provide practical demonstrations of dealing with more complex accounting tasks;
- Web links for primary source material and articles through which readers can learn more about the companies and organizations discussed in the book.

For lecturers who have subscribed to Dashboard:

- Quizzes. A test bank of over 500 ready-to-use questions, tailored specifically to the book's content, giving lecturers the flexibility they need to manage, set and develop quizzes tailored to their course, and automatically graded to save time marking;
- Gradebook. Automatically grades student responses to quizzes, while its visual heat maps provide at-a-glance information about student achievement and engagement;
- Course content. Additional material to support teaching, including a large double-entry case study, PowerPoint slides, and more examples and solutions;
- Communication. Lecturers can share course news, spark a class discussion, or email students with course information, all through the communication tab.