This book is an introduction to accounting for students coming to the subject for the first time. It introduces the basic techniques of accounting, explaining why they are used and how they are applied.

The authors believe the ability to prepare and interpret accounting information requires a combination of theoretical understanding and technical expertise. A full range of chapter-end questions, half of which have solutions provided, enables students to reinforce their technical skills and test their understanding.

This new edition has been updated and revised; and includes a statement of learning objectives for each chapter. Chapter 10 deals with recent developments in the regulation of company accounts; and provides students with an

appreciation of the nature and purpose of group accounts. There is a new chapter on the Cash Flow Statement, reflecting FRS 1; and Chapter 14 on decision- making now covers material on total costing and overhead recovery rates, including reference to activity-based costing. There is a new chapter on the nature and operation of standard costing and budgetary control systems.

It is accessible both to readers with a technical background, and also to those with less such experience, thanks to an extensive glossary. It is a valuable resource and includes information on available products.

This book is an introduction to accounting for students coming to the subject for the first time. It introduces the basic techniques of accounting, explaining why they are used and how they are applied. The authors believe the ability to prepare and interpret accounting information requires a combination of theoretical understanding and technical expertise. A full range of chapter-end questions, half of which have solutions provided, enables students to reinforce their technical skills and test their understanding. This new edition has been updated and revised; and includes a statement of learning objectives for each chapter. Chapter 10 deals with recent developments in the regulation of company accounts; and provides students with an appreciation of the nature and purpose of group accounts. There is a new chapter on the Cash Flow Statement, reflecting FRS 1; and Chapter 14 on decision- making now covers material on total costing and overhead recovery rates, including reference to activity-based costing. There is a new chapter on the nature and operation of standard costing and budgetary control systems.It is accessible both to readers with a technical background, and also to those with less such experience, thanks to an extensive glossary.

It is a valuable resource and includes information on available products.