Accounting for Non-accountants: A Manual for Managers and StudentsThis fully revised and updated edition of the best-selling manual provides the perfect introduction to the basics of accounting and business finance. It takes the reader through accounting and financial techniques, concepts and terms in an easy-to-follow, approachable style. Up to date with the latest changes in taxation law, it introduces concepts in a way intended to aid non-financial students as well as managers from organizations of all sizes. The book is organized into three main sections: Annual accounts, Management accounting and Financial management. Throughout the book there are suggestions for further reading and questions to test the reader's understanding of each chapter. Accounting for Non-Accountants is already widely used as an introductory text for business and management students on a variety of courses, and it remains essential reading for anyone wishing to truly understand accounting principles and practice. |
Contents
Financial reporting | 7 |
Financial recording | 18 |
The profit and loss account | 29 |
The balance sheet | 41 |
Cash flow statement | 57 |
Accounting for different business organizations | 65 |
Accounting for inflation | 76 |
Value added | 85 |
The cost of capital | 197 |
Capital investment appraisal | 207 |
Managing working capital | 230 |
Share values | 247 |
Mergers takeovers and buyouts | 264 |
Company taxation | 273 |
Overseas transactions | 283 |
Financial reporting standards FRS as December 2004 | 293 |
Financial ratios | 92 |
Other performance measures | 109 |
Management accounting | 117 |
Costing basics | 119 |
Costing and pricing | 135 |
Marginal costing | 146 |
Standard costing | 166 |
Budgetary control | 178 |
Financial management | 195 |
Common terms and phrases
account and balance activities actual amount annual balance sheet bank borrowed budget calculated capital employed cash flow statement Chapter charge company's corporation tax cost centre cost of capital cost profit cost units creditors current assets current cost current liabilities customers debtors depreciation direct costs direct labour discount dividend earnings per share equity example expenditure expenses factors financial statements firm fixed assets fixed costs goodwill historic cost income industries inflation invoice issue loan loss account material cost measure method net present value ordinary shares output p/e ratio paid payment performance period present value profit and loss profit margin purchase rate of return ratio retained profits return on capital revenue Self-check questions selling price share capital share price shareholders standard costing subsidiary suppliers throughput throughput accounting tion total cost trade transactions value added variable costs work-in-progress