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Accounting for Non-Accountants guides non-specialists through the fundamental principles of accounting and finance. This book presents key, and often complex, concepts in a simple and understandable way designed to be accessible to those with little or no background in accounting.
Now in its 12th edition, Accounting for Non-Accountants addresses the current issues in accounting and finance, including recent, important economic issues, and provides a range of examples to understand and recognize these concepts in practice. This book has been fully updated to the latest regulatory requirements including UK GAAP accounting standards, International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS). Updates also include introductions to areas including tax, transfer pricing and creative accounting. A clear and intuitive structure helps readers navigate these topics while online resources further support readers with their learning throughout. This is the guide for non-specialists to understanding how to interpret financial data and make informed decisions.
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
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.
Foreword
Online resources: Over 200 additional review questions to support the book and a glossary of key terms
