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Accounting and finance are key aspects of business. All those who work for, or deal with, businesses need to understand these subjects. This book is suitable for students studying accounting and finance and aims to equip them with an understanding of the theory and practice of financial accounting, management accounting and business finance.
List of contents
INTRODUCTION TO ACCOUNTING
THE ACCOUNTING BACKGROUND
MAIN FINANCIAL STATEMENTS: THE INCOME STATEMENT (PROFIT AND LOSS ACCOUNT)
MAIN FINANCIAL STATEMENTS: THE STATEMENT OF FINANCIAL POSITION (BALANCE SHEET)
PREPARING THE FINANCIAL STATEMENTS
PARTNERSHIPS AND LIMITED COMPANIES
MAIN FINANCIAL STATEMENT: THE STATEMENT OF CASH FLOWS
INTERPRETATION OF ACCOUNTS
REGULATORY AND CONCEPTUAL FRAMEWORKS
MEASUREMENT SYSTEMS
THE ANNUAL REPORT
INTRODUCTION TO MANAGEMENT ACCOUNTING
COSTING
PLANNING, CONTROL AND PERFORMANCE: BUDGETING
PLANNING, CONTROL AND PERFORMANCE: STANDARD COSTING
SHORT-TERM DECISION MAKING
STRATEGIC MANAGEMENT ACCOUNTING
LONG-TERM DECISION MAKING: CAPITAL INVESTMENT APPRAISAL
THE MANAGEMENT OF WORKING CAPITAL AND SOURCES OF FINANCE
Summary
Accounting and finance are key aspects of business. All those who work for, or deal with, businesses need to understand these subjects. Essentially, understanding accounting and finance is a prerequisite for understanding business.
