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Introduction to Financial Accounting

Peter Scott

December 2018

ISBN: 9780198783299

440 pages

In Stock

Price: £41.99

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



'Introduction to Financial Accounting' is the most practical book for students taking an introductory financial accounting module, packed with supportive learning features 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, engaging style that speaks directly to the reader and draws on the author's wealth of teaching experience to anticipate questions and areas of confusion.
  • Fully-integrated, free-to-access online resources include over 1,500 questions, Excel-based exercises, and video content.
  • Content has been extensively tested with lecturers to closely follow the topics covered in an introductory financial accounting module.
  • Two full chapters and an online case study guide students towards a solid understanding of the critical topic of double-entry bookkeeping, and a closing chapter on corporate governance sets the financial regulatory environment into context.
  • Includes thorough coverage of the IASB's revised Conceptual Framework for Financial Reporting, issued in March 2018.
  • Also available as an e-book with functionality, navigation features, and links that offer extra learning support

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

    2:The statement of financial position
    3:The statement of profit or loss
    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
    10:Corporate governance and sustainability


"Creating a cohesive, logical, and meaningful accounting textbook is a hard and overwhelming task to do but the author of this book has done it brilliantly." - Amin Soheili, Jönköping University, Sweden

Additional Resources

The online student resources include:

- 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' videos 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 there are PowerPoint slides, examples and solutions, and plentiful ready-to-use multiple-choice questions for every chapter in the book. Lecturers can also choose to make the online materials available to their students via Dashboard, an online learning and assessment tool which provides sophisticated analytics for student achievement and engagement with the resources and facilitates discussions and course updates.

The pedagogical framework used in Peter Scott’s accounting textbooks was developed with the latest findings from educational research in mind. It utilises methods that have been proven effective in helping students to engage with and get the most from written content.

We’ve put together guides for you to explore the research-aligned pedagogy in Introduction to Financial Accounting. Click here to find out more.