{"product_id":"financial-accounting-9781119977155","title":"Financial Accounting","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003ca id=\"COLLEGE_ABOUT\" name=\"COLLEGE_ABOUT\"\u003e\u003ci\u003eFinancialAccounting\u003c\/i\u003e provides a very accessible and easy-to-follow introduction to the subject. It is intended as a core textbook for students studyingfinancial accounting for the first time: either those following an undergraduate degree in a business school, or non-business studies students studying afinancial accounting course. This includes students on both accounting and non-accounting degrees and also MBA students. It provides a self-contained, introductory, one semester course covering the major aspects offinancial accounting. The book is also designed so that students can progress to more advanced follow-up coursesso iswell suited as an introduction for mainstream accounting graduates or MBA students as a basic text. It should be particularly useful in reinforcing the fundamental theory and practice of introductory financial accounting.\u003c\/a\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eAbout the Author xiii  \u003cp\u003eAbout the Book xv\u003c\/p\u003e \u003cp\u003eAcknowledgements xxi\u003c\/p\u003e \u003cp\u003e1 INTRODUCTION TO ACCOUNTING 1\u003c\/p\u003e \u003cp\u003eIntroduction 2\u003c\/p\u003e \u003cp\u003eNature of Accounting 2\u003c\/p\u003e \u003cp\u003eImportance of Accounting 4\u003c\/p\u003e \u003cp\u003eFinancial Accounting and Management Accounting 5\u003c\/p\u003e \u003cp\u003eUsers of Accounts 6\u003c\/p\u003e \u003cp\u003eAccounting Context 8\u003c\/p\u003e \u003cp\u003eTypes of Accountancy 12\u003c\/p\u003e \u003cp\u003eTypes of Accountant 15\u003c\/p\u003e \u003cp\u003eLimitations of Accounting 18\u003c\/p\u003e \u003cp\u003eConclusion 18\u003c\/p\u003e \u003cp\u003eDiscussion Questions 20\u003c\/p\u003e \u003cp\u003eSECTION A: FINANCIAL ACCOUNTING: THE TECHNIQUES 21\u003c\/p\u003e \u003cp\u003e2 THE ACCOUNTING BACKGROUND 23\u003c\/p\u003e \u003cp\u003eIntroduction 24\u003c\/p\u003e \u003cp\u003eFinancial Accounting 24\u003c\/p\u003e \u003cp\u003eLanguage of Accounting 26\u003c\/p\u003e \u003cp\u003eStudent Example 34\u003c\/p\u003e \u003cp\u003eWhy Is Financial Accounting Important? 38\u003c\/p\u003e \u003cp\u003eAccounting Principles 38\u003c\/p\u003e \u003cp\u003eAccounting Conventions 39\u003c\/p\u003e \u003cp\u003eConclusion 41\u003c\/p\u003e \u003cp\u003eDiscussion Questions 42\u003c\/p\u003e \u003cp\u003eNumerical Questions 43\u003c\/p\u003e \u003cp\u003eAppendix 2.1: Illustration of a Consolidated Income Statement\u003c\/p\u003e \u003cp\u003efor Marks \u0026amp; Spencer plc 2010 44 Appendix 2.2: Illustration of a Consolidated Statement of Financial\u003c\/p\u003e \u003cp\u003ePosition for Marks and Spencer plc 2010 46\u003c\/p\u003e \u003cp\u003eAppendix 2.3: Illustration of a Consolidated Statement of Cash Flows for Marks and Spencer plc 2010 48\u003c\/p\u003e \u003cp\u003eAppendix 2.4: Illustration of a Consolidated Income Statement for Volkswagen 2009 50\u003c\/p\u003e \u003cp\u003eAppendix 2.5: Illustration of a Consolidated Balance Sheet (Statement of Financial Position) for Volkswagen 2009 51\u003c\/p\u003e \u003cp\u003eAppendix 2.6: Illustration of a Consolidated Cash Flow\u003c\/p\u003e \u003cp\u003eStatement (Statement of Cash Flows) for Volkswagen 2009 53\u003c\/p\u003e \u003cp\u003e3 RECORDING: DOUBLE-ENTRY BOOKKEEPING 55\u003c\/p\u003e \u003cp\u003eIntroduction 56\u003c\/p\u003e \u003cp\u003eThe Accounting Equation 57\u003c\/p\u003e \u003cp\u003eWorked Example 62\u003c\/p\u003e \u003cp\u003eDay Books and Ledgers 74\u003c\/p\u003e \u003cp\u003eComputers 78\u003c\/p\u003e \u003cp\u003eConclusion 79\u003c\/p\u003e \u003cp\u003eDiscussion Questions 79\u003c\/p\u003e \u003cp\u003eNumerical Questions 80\u003c\/p\u003e \u003cp\u003eAppendix 3.1: Complete Worked Example for Gavin Stevens 86\u003c\/p\u003e \u003cp\u003e4 MAIN FINANCIAL STATEMENTS: THE INCOME STATEMENT (PROFIT AND LOSS ACCOUNT) 89\u003c\/p\u003e \u003cp\u003eIntroduction 90\u003c\/p\u003e \u003cp\u003eContext 90\u003c\/p\u003e \u003cp\u003eDefinitions 92\u003c\/p\u003e \u003cp\u003eLayout 93\u003c\/p\u003e \u003cp\u003eMain Components 94\u003c\/p\u003e \u003cp\u003eProfit 103\u003c\/p\u003e \u003cp\u003eListed Companies 106\u003c\/p\u003e \u003cp\u003eCapital and Revenue Expenditure 106\u003c\/p\u003e \u003cp\u003eLimitations 107\u003c\/p\u003e \u003cp\u003eInterpretation 107\u003c\/p\u003e \u003cp\u003eConclusion 107\u003c\/p\u003e \u003cp\u003eDiscussion Questions 108\u003c\/p\u003e \u003cp\u003eNumerical Questions 108\u003c\/p\u003e \u003cp\u003e5 MAIN FINANCIAL STATEMENTS: THE STATEMENT OF FINANCIAL POSITION (BALANCE SHEET) 110\u003c\/p\u003e \u003cp\u003eIntroduction 111\u003c\/p\u003e \u003cp\u003eContext 112\u003c\/p\u003e \u003cp\u003eDefinitions 113\u003c\/p\u003e \u003cp\u003eLayout 114\u003c\/p\u003e \u003cp\u003eMain Components 116\u003c\/p\u003e \u003cp\u003eLimitations 129\u003c\/p\u003e \u003cp\u003eInterpretation 131\u003c\/p\u003e \u003cp\u003eListed Companies 131\u003c\/p\u003e \u003cp\u003eConclusion 132\u003c\/p\u003e \u003cp\u003eDiscussion Questions 132\u003c\/p\u003e \u003cp\u003eNumerical Questions 133\u003c\/p\u003e \u003cp\u003eAppendix 5.1: Horizontal Format of Statement of Financial Position 134\u003c\/p\u003e \u003cp\u003e6 PREPARING THE FINANCIAL STATEMENTS 135\u003c\/p\u003e \u003cp\u003eIntroduction 136\u003c\/p\u003e \u003cp\u003eMain Financial Statements 136\u003c\/p\u003e \u003cp\u003eTrial Balance to the Income Statement (Profi t and Loss Account) and the Statement of Financial Position (Balance Sheet) 138\u003c\/p\u003e \u003cp\u003eAdjustments to Trial Balance 142\u003c\/p\u003e \u003cp\u003eComprehensive Example 154\u003c\/p\u003e \u003cp\u003eConclusion 158\u003c\/p\u003e \u003cp\u003eDiscussion Questions 158\u003c\/p\u003e \u003cp\u003eNumerical Questions 159\u003c\/p\u003e \u003cp\u003e7 PARTNERSHIPS AND LIMITED COMPANIES 172\u003c\/p\u003e \u003cp\u003eIntroduction 173\u003c\/p\u003e \u003cp\u003eContext 174\u003c\/p\u003e \u003cp\u003ePartnerships 175\u003c\/p\u003e \u003cp\u003eLimited Companies 181\u003c\/p\u003e \u003cp\u003eDistinctive Accounting Features of Limited Companies 185\u003c\/p\u003e \u003cp\u003eAccounting Treatment For Limited Companies 194\u003c\/p\u003e \u003cp\u003eLimited Company Example: Stevens, Turner Ltd 196\u003c\/p\u003e \u003cp\u003eLimited Companies: Published Accounts 201\u003c\/p\u003e \u003cp\u003eConclusion 206\u003c\/p\u003e \u003cp\u003eDiscussion Questions 207\u003c\/p\u003e \u003cp\u003eNumerical Questions 208\u003c\/p\u003e \u003cp\u003eAppendix 7.1: Example of an Income Statement (Profit and Loss Account) using UK GAAP (Manchester United Ltd) 218\u003c\/p\u003e \u003cp\u003eAppendix 7.2: Example of a Statement of Financial Position (Balance Sheet) using UK GAAP (Manchester United Ltd) 219\u003c\/p\u003e \u003cp\u003e8 MAIN FINANCIAL STATEMENT: THE STATEMENT OF CASH FLOWS 221\u003c\/p\u003e \u003cp\u003eIntroduction 222\u003c\/p\u003e \u003cp\u003eImportance of Cash 223\u003c\/p\u003e \u003cp\u003eContext 225\u003c\/p\u003e \u003cp\u003eCash and the Bank Account 225\u003c\/p\u003e \u003cp\u003eRelationship between Cash and Profit 229\u003c\/p\u003e \u003cp\u003ePreparation of Statement of Cash Flows 231\u003c\/p\u003e \u003cp\u003eBank Reconciliation Statements 245\u003c\/p\u003e \u003cp\u003eConclusion 246\u003c\/p\u003e \u003cp\u003eDiscussion Questions 247\u003c\/p\u003e \u003cp\u003eNumerical Questions 248\u003c\/p\u003e \u003cp\u003eAppendix 8.1: Main Headings for the Cash Flow Statement (Statement of Cash Flows) for Sole Traders, Partnerships and some Non-Listed Companies under UK GAAP 255\u003c\/p\u003e \u003cp\u003eAppendix 8.2: Preparation of a Sole Trader’s Cash Flow Statement Using the Direct Method Using UK Format 256\u003c\/p\u003e \u003cp\u003eAppendix 8.3: Preparation of the Cash Flow Statement of Any Company Ltd using the Indirect Method Using UK GAAP 257\u003c\/p\u003e \u003cp\u003eAppendix 8.4: Example of Statement of Cash Flows (Cash Flow Statement) Using UK GAAP (Manchester United Ltd) 260\u003c\/p\u003e \u003cp\u003e9 INTERPRETATION OF ACCOUNTS 262\u003c\/p\u003e \u003cp\u003eIntroduction 263\u003c\/p\u003e \u003cp\u003eContext 263\u003c\/p\u003e \u003cp\u003eOverview 264\u003c\/p\u003e \u003cp\u003eImportance of Ratios 266\u003c\/p\u003e \u003cp\u003eCloser Look at Main Ratios 267\u003c\/p\u003e \u003cp\u003eWorked Example 279\u003c\/p\u003e \u003cp\u003eReport Format 287\u003c\/p\u003e \u003cp\u003eHolistic View of Ratios 289\u003c\/p\u003e \u003cp\u003ePerformance Indicators 290\u003c\/p\u003e \u003cp\u003eLimitations 291\u003c\/p\u003e \u003cp\u003eConclusion 292\u003c\/p\u003e \u003cp\u003eDiscussion Questions 293\u003c\/p\u003e \u003cp\u003eNumerical Questions 294\u003c\/p\u003e \u003cp\u003eAppendix 9.1: John Brown Plc 303\u003c\/p\u003e \u003cp\u003eAppendix 9.2: The Cash Flow Ratio using UK GAAP 305\u003c\/p\u003e \u003cp\u003eSECTION B: FINANCIAL ACCOUNTING: THE CONTEXT 307\u003c\/p\u003e \u003cp\u003e10 REGULATORY AND CONCEPTUAL FRAMEWORKS 309\u003c\/p\u003e \u003cp\u003eIntroduction 310\u003c\/p\u003e \u003cp\u003eTraditional Corporate Model: Directors, Auditors and Shareholders 311\u003c\/p\u003e \u003cp\u003eRegulatory Framework 316\u003c\/p\u003e \u003cp\u003eRegulatory Framework in the UK 318\u003c\/p\u003e \u003cp\u003eCorporate Governance 323\u003c\/p\u003e \u003cp\u003eConceptual Framework 328\u003c\/p\u003e \u003cp\u003eConclusion 335\u003c\/p\u003e \u003cp\u003eSelected Reading 336\u003c\/p\u003e \u003cp\u003eDiscussion Questions 337\u003c\/p\u003e \u003cp\u003e11 MEASUREMENT SYSTEMS 338\u003c\/p\u003e \u003cp\u003eIntroduction 339\u003c\/p\u003e \u003cp\u003eOverview 339\u003c\/p\u003e \u003cp\u003eMeasurement Systems 342\u003c\/p\u003e \u003cp\u003eDeficiencies of Historical Cost Accounting 344\u003c\/p\u003e \u003cp\u003eIllustrative Example of Different Measurement Systems 344\u003c\/p\u003e \u003cp\u003eReal Life 347\u003c\/p\u003e \u003cp\u003eConclusion 348\u003c\/p\u003e \u003cp\u003eSelected Reading 348\u003c\/p\u003e \u003cp\u003eDiscussion Questions 349\u003c\/p\u003e \u003cp\u003e12 THE ANNUAL REPORT 350\u003c\/p\u003e \u003cp\u003eIntroduction 351\u003c\/p\u003e \u003cp\u003eDefinition 351\u003c\/p\u003e \u003cp\u003eContext 352\u003c\/p\u003e \u003cp\u003eMultiple Roles 353\u003c\/p\u003e \u003cp\u003eMain Contents of the Annual Report 358\u003c\/p\u003e \u003cp\u003ePresentation 375\u003c\/p\u003e \u003cp\u003eGroup Accounts 377\u003c\/p\u003e \u003cp\u003eImpression Management 381\u003c\/p\u003e \u003cp\u003eConclusion 384\u003c\/p\u003e \u003cp\u003eSelected Reading 385\u003c\/p\u003e \u003cp\u003eDiscussion Questions 386\u003c\/p\u003e \u003cp\u003e13 CREATIVE ACCOUNTING 387\u003c\/p\u003e \u003cp\u003eIntroduction 388\u003c\/p\u003e \u003cp\u003eDefinition 390\u003c\/p\u003e \u003cp\u003eManagerial Motivation 392\u003c\/p\u003e \u003cp\u003eMethods of Creative Accounting 394\u003c\/p\u003e \u003cp\u003eExample 401\u003c\/p\u003e \u003cp\u003eReal Life 401\u003c\/p\u003e \u003cp\u003eCase Studies 404\u003c\/p\u003e \u003cp\u003eCreative Presentation 408\u003c\/p\u003e \u003cp\u003eControlling Creative Accounting 410\u003c\/p\u003e \u003cp\u003eConclusion 410\u003c\/p\u003e \u003cp\u003eSelected Reading 411\u003c\/p\u003e \u003cp\u003eDiscussion Questions 412\u003c\/p\u003e \u003cp\u003eNumerical Questions 413\u003c\/p\u003e \u003cp\u003e14 INTERNATIONAL ACCOUNTING 414\u003c\/p\u003e \u003cp\u003eIntroduction 415\u003c\/p\u003e \u003cp\u003eContext 415\u003c\/p\u003e \u003cp\u003eDivergent Forces 417\u003c\/p\u003e \u003cp\u003eClassification 423\u003c\/p\u003e \u003cp\u003eCountry Snapshots 423\u003c\/p\u003e \u003cp\u003eConvergent Forces 430\u003c\/p\u003e \u003cp\u003eConclusion 437\u003c\/p\u003e \u003cp\u003eSelected Reading 437\u003c\/p\u003e \u003cp\u003eDiscussion Questions 438\u003c\/p\u003e \u003cp\u003eAppendix 14.1: List of International Standards 439\u003c\/p\u003e \u003cp\u003eGlossary of Key Accounting Terms 441\u003c\/p\u003e \u003cp\u003eAppendix: Answers 465\u003c\/p\u003e \u003cp\u003eIndex 511\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49407197905239,"sku":"9781119977155","price":48.4,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119977155.jpg?v=1730498532","url":"https:\/\/bookcurl.com\/products\/financial-accounting-9781119977155","provider":"Book Curl","version":"1.0","type":"link"}