Accounting has long been the benchmark by which all other introductory accounting textbooks are measured. It is well known as a comprehensive, authoritative and reliable textbook that has supported students studying introductory accounting for over 20 years. The clarity of explanation and thorough illustrationof the accounting process supports learning and prepares students for future study in commerce, and beyond into professional practice.The new edition is ideally suited to accounting and non-accounting majors alike, illustrating accounting procedures and applying accounting information to business and business decision making. Accordingly, changes required under accounting standards and the regulatory environment as a consequence of International Accounting Standards Board (IASB) initiatives and the Conceptual Framework in Financial Reporting have been thoroughly updated in line with recent changes to AIFRS and the Framework.The four-colour design provides students with a more reader-friendly text, enhancing their understanding of concepts and ensuring learning outcomesare achieved. The text builds on the thorough and reliable explanation of theaccounting process through the addition of new ‘Link to business' chapter vignettes that apply the principles to practice. Previous editions were renowned for the number of exercises and problems, and the new edition builds upon this superior teaching feature. The end-of-chapter activities encourages thedevelopment of skills in decision-making, critical thinking, ethical thinking, analysis and communication, building student confidence for success in theircourse. INDICE: Preface xiiiHow to use this book xviiAcknowledgements xxiPart 1 Accounting for decision making 11 Decision making and the role of accounting 22 Financial statements for decision making 28Part 2 Accounting systems and processes 633 Recording transactions 644 Adjusting the accounts and preparing financial statements 1225 Completing the accounting cycle closing and reversing entries 1766 Accounting for retailing 2287 Accounting systems 2748 Accounting for manufacturing 3389 Cost accounting systems 376Part 3 Financial planning, control and decision making 41510 Cash management and control 41611 Cost-volume-profit analysis for decision making 46012 Budgeting for planning and control 49213 Performance evaluation for managers 53814 Differential analysis, profitability analysis and capital budgeting 580Part 4 Equity in business 61315 Partnerships: formation, operation and reporting 61416 Companies: formation and operations 648Part 5 Accounting regulation of assets and liabilities 69917 Regulation and the Conceptual Framework 70018 Receivables 74819 Inventories 78420 Non-current assets: acquisition and depreciation 82821 Non-current assets: revaluation, disposal and other aspects 86622 Liabilities 906Part 6 External reporting and performance evaluation 94323 Presentation of financial statements 94424 Statement of cash flows 97625 Analysis and interpretation of financial statements 1054Appendix Time value of money 1099Glossary 1108Index 1120
- ISBN: 978-1-74246-635-4
- Editorial: John Wiley & Sons Australia
- Encuadernacion: Rústica
- Páginas: 1130
- Fecha Publicación: 20/01/2012
- Nº Volúmenes: 1
- Idioma: Inglés