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Accounting has a reputation as a technical and jargon-heavy subject, but there is no reason why those without formal training cannot master the basics of interpreting accounts and making good decisions.
Accounting for Non-Accountants assumes no prior knowledge of the subject area and is designed to serve as an introductory text for managers and non-specialists who wish to gain an oversight of the accounting discipline. The book covers both financial and management accounting in sufficient detail to allow data to be interpreted but in a clear and accessible manner so the reader can quickly gain an understanding of the basic principles of the subject area.
Now in its 12th edition, Accounting for Non-Accountants has been fully updated to the latest regulatory requirements including the UK GAAP framework, International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS). The final chapter focuses on the impact of changes in the economic environment on businesses and there are introductions to areas including tax, transfer pricing and creative accounting. This practical guide includes review questions in each chapter, with answers and workings where appropriate, and is supported online by over 200 questions and a glossary to develop a firm understanding of all topics.
List of contents
- Chapter - 01: Financial Record Keeping;
- Chapter - 02: Income Statements;
- Chapter - 03: The Balance Sheet;
- Chapter - 04: Further Adjustments to the Income Statement;
- Chapter - 05: Checking the Double-entry System;
- Chapter - 06: Accounting Concepts;
- Chapter - 07: Accounting for Other Business Organisations;
- Chapter - 08: An Introduction to Business Costing;
- Chapter - 09: Marginal Costing and Decision Making;
- Chapter - 10: Standard Costing;
- Chapter - 11: Budgeting;
- Chapter - 12: Working Capital Management;
- Chapter - 13: Capital Investment Appraisal;
- Chapter - 14: An Introduction to Limited Companies;
- Chapter - 15: Published Accounts of the Limited Company;
- Chapter - 16: Current Issues in Accounting;
- Chapter - 17: Statement of Cash Flows;
- Chapter - 18: Accounting Ratios;
- Chapter - 19: The Economic Environment
About the author
After graduating from the University of Leicester in 1993, David Horner has taught a number of courses at Colchester Sixth Form College, including A Level courses in Accounting, Economics and Critical Thinking. He has also been a senior examiner for a major examining board since 2002. He is the author of a number of textbooks on accounting, economics and related areas - most recently Business Accounting Basics, co-authored with Frank Wood, published in 2010.
Summary
Learn how to navigate the maze of accounting concepts and financial terms with this guide to the basics of financial and management accounting.
Foreword
Online resources: Over 200 additional review questions to support the book and a glossary of key terms
Report
"This book provides an easy-to-understand essential guide for managers to learn key concepts and systems of financial accounting, management accounting, and corporate finance. With balanced coverage of practical applications of preparing financial statements, financial analysis and related questions and exercises, the book gives managers the necessary skills in understanding and using accounting information for decision-making in the real business world. I strongly recommend this book for anyone interested in Accounting and Finance." Professor Aly Salama, Professor of Accounting and Head of Accounting Subject Group, Northumbria University
