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Introduction to Accounting

Second Edition

Peter Scott

21 May 2021

ISBN: 9780198849964

704 pages

In Stock

Price: £52.99

A practical introduction to accounting and finance, supported by a wealth of online resources, and learning features.


A practical introduction to accounting and finance, supported by a wealth of online resources, and learning features.

  • 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
  • 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
  • Sets the 'number-crunching' into a logically-structured and extremely readable narrative
  • A multitude of numerical and real-life examples, together with the 'Why is this relevant to me?' feature, engage students by demonstrating 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
  • Also available as an e-book enhanced with self-assessment activities and multi-media content to offer a fully immersive experience and extra learning support

New to this edition

  • Updated to reflect the IASB's revised Conceptual Framework
  • Brand new 'recall and review' end-of-chapter questions enabling students to recap their understanding of the concepts presented in each chapter
  • Re-written section on types of business organisations in the introduction
  • New coverage on ethics and code of ethics in Chapter 17

About the Author(s)

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

Table of Contents

    Part One: 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
    Part Two: 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
    15:Process costing
    16:Capital investment appraisal
    17:Corporate governance and sustainability


"A fantastic and highly resourceful text." - Joseph Taiwo Olaniyan, Lecturer in Business and Finance, Regent College London

"An attractive, compact, and informative book that takes a technical subject and breaks it down into easy-to-follow concise sections." - Dr Giulia Fantini, Lecturer in Finance and Accounting, Swansea University

"Provides clear explanations supported with a multitude of in-text and online examples to help students grasp concepts and have ample opportunities to put theory into practice." - Suzanne McCallum, Senior Lecturer in Accounting and Finance, University of Glasgow

Additional Resources

Digital formats and resources

Introduction to Accounting is available for students and institutions to purchase in a variety of formats, and is supported by online resources.

The e-book offers a mobile experience and convenient access along with functionality tools, navigation features, and links that offer extra learning support: www.oxfordtextbooks.co.uk/ebooks

A full suite of Online resources is available for students and lecturers and includes:

- Interactive multiple-choice-questions with instant feedback and numerical exercises for revising key topics;
- 'Show me how to do it' videos that provide practical demonstrations of dealing with more complex accounting tasks; and
- A test bank of over 500 ready-to-use questions for lecturers, providing the flexibility they need to manage, set and develop quizzes tailored to their course, and automatically graded to save time marking.