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The fourth edition of
Accounting: Understanding and Practice by Danny Leiwy and Robert Perks has been fully revised throughout and updated in accordance with the International Financial Reporting Standards. Ample practice illustrations and examples help present the subject in relation to a business world to which readers can easily relate.
List of contents
Part One: Introduction to Financial Accounting The statement of financial position (balance sheet) and what it tells us
The income statement (profit and loss account)
The development of financial reporting
Ratios and interpretation: a straightforward introduction
How the stock market assesses company performance
Cash flow statements: understanding and preparation
Advanced interpretation of company and group accounts
Current issues in financial reporting
Bookkeeping to trial balance
Trial balance to final accounts
Part Two: Financial ManagementFinancing a business
Management of working capital
Part Three: Introduction to Management AccountingIntroduction to management accounting
Investment appraisal
Budgetary planning and control
Absorption costing
Marginal costing and decision-making
Standard costing and variance analysis
Online material:Chapter: Incomplete records
Appendix: Developments in management accounting
About the author
Danny Leiwy teaches at the London School of Economics and Political Science, on the University ofLondon's International Programme and City University, London. He is a Senior Teaching Fellow at theSchool of Oriental and African Studies (SOAS), University of London. Danny is currently in practiceas a Chartered Accountant. He was a Principal Lecturer in Accounting and Tax at the University ofWestminster for 30 years, teaching at both undergraduate and postgraduate level.
Robert Perks formerly taught Accounting and Finance at the International Business School onthe Isle of Man. Robert also held chairs at the following universities: Queen's University, Belfast,Middlesex University, Aberdeen University, Birkbeck College University of London and University ofWestminster.
Summary
Accounting: Understanding and Practice by Danny Leiwy and Robert Perks provides a gentle introduction to the complexities of accounting.
