Introduction to Accounting

Description

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

1:Introduction
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
14:Budgeting
15:Process costing
16:Capital investment appraisal
17:Corporate governance and sustainability

Reviews

"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.