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This textbook introduces the essential principles of financial accounting to non-accounting students, written for an international audience with global case studies and a suite of learning features. Using terminology which is compliant with International Financial Reporting Standards (IFRS), Financial Accounting and Reporting for Non-Accounting Students covers topics such as the statement of financial position, profit and loss statements, non-current assets, inventory valuation and the statement of cashflows. It also provides a roadmap for performance appraisal and presents the subjective nature of financial accounting and the impact of bias in financial reporting. Real-world case studies from Huawei, Ryanair and Greggs illustrate the principles discussed in the book and a fictional performance appraisal case study demonstrates how financial metrics can be applied to analyse the effects of new entrants on an incumbent's operating performance. With over 300 multiple-choice questions, 44 extended problems and more than 90 questions to enable deep learning in the fundamental aspects of this core business subject, Financial Accounting and Reporting for Non-Accountings Students is a key textbook for undergraduate and postgraduate students taking modules on financial accounting and reporting or introductory modules in accounting.
List of contents
Chapter - 00: Introduction; Chapter - 01: Introduction to Financial Accounting; Chapter - 02: The Statement of Financial Position; Chapter - 03: The statement of profit and loss; Chapter - 04: Non-current Assets; Chapter - 05: Inventory Valuation; Chapter - 06: The Statement of Cash Flows; Chapter - 07: Performance Appraisal - analysing operating profitability; Chapter - 08: Performance appraisal - investor returns and operating assets; Chapter - 09: Financial reporting issues;
About the author
Stephen Frost is Programme Director of the MSc Corporate Finance, MSc Finance and MSc Finance and Investment at Loughborough University. He teaches a wide range of courses at undergraduate and postgraduate levels, including Financial Reporting and Performance Appraisal. He joined Loughborough University in 2013 after a career in investment banking and consultancy, which included roles as Regional Head of Research into Financial Institutions at HSBC Securities and UBS Securities.
