Financial & Management Accounting
3rd Edition
An Introduction
By Pauline Weetman
Financial Times / Pearson Education
January 2003
ISBN: 0-273-65788-7
1017 Pages, 7 1/2" x 9 3/4"
$89.50 Paper Original
Financial and Management Accounting: an Introduction is aimed at First level undergraduates on Business Studies degrees taking introductory Financial Accounting and Management Accounting classes; First level specialist accounting undergraduate students; Introductory core accounting for MBA and postgraduate specialist Masters students (e.g. Finance, Actuarial Studies), focusing on analysis through the accounting equation and a questioning approach to problem solving; and professional courses where accounting is introduced for the first time.
This revised and fully updated edition continues to provide students with a clear and well-structured introduction to financial and management accounting. The third edition retains all of the classic features that have contributed to the book’s success: clarity of expression, the focus on the accounting equation, student activities and real-life commentaries running through each chapter, and the inclusion of the Safe and Sure annual report as an example of a listed company.
Features
NEW - An international overview runs throughout the financial accounting chapters
to recognise the process of convergence in accounting standards.
NEW - Activity-based costing, strategic management accounting, the balanced
scorecard and benchmarking are brought into the main management accounting
chapters;
NEW - A new chapter has been included on business strategy including e-business
and e-commerce.
NEW - The approach to teaching and learning focuses on subject-specific knowledge
outcomes and generic skills outcomes, with end-of-chapter self-evaluation.
NEW - Questions are graded to test student understanding of chapter content,
as well as, skills in straightforward application of knowledge, and skills
of problem solving and evaluation. The book is accompanied by a comprehensive
support package for lecturers, arranged on a chapter-by-chapter basis comprising
of: student lecture notes on a 'fill the gaps' basis; matching overhead projector
masters; graded questions to supplement those of chapters; including multiple
choice questions; solutions to questions in the book; and 'Craigelaw' annual
report for analysis.
Contents
FINANCIAL ACCOUNTING Part 1 - A conceptual framework: setting
the scene 1. Who needs accounting? 2. A systematic approach to financial reporting:
the accounting equation 3. Financial statements from the accounting equation
4. Ensuring the quality of financial statements Part 2 - Reporting the transactions
of a business 5. Accounting information for service businesses 6. Accounting
information for trading businesses Part 3 - Recognition and Measurement 7.
Published financial statements 8. Fixed assets 9. Current assets 10. Liabilities
due within one year 11. Provisions and long-term liabilities 12. Ownership
interest Part 4 - Performance analysis 13. Ratio analysis 14. Analysis of
corporate performance Part 5 - Current developments 15. Developing issues
in financial reporting Glossary of financial accounting terms
MANAGEMENT ACCOUNTING Part 6 - Setting the scene and defining
the basic tools of management accounting 16. Functions of management accounting
17. Classification of costs 18. Product costs: materials, labour and overheads
Part 7 - Product costs and stock valuation 19. Job costing 20. Process costing
Part 8 - Decision making 21. Breakeven analysis and short-term decision making
Part 9 - Planning and control 22. Preparing a budget 23. Standard costs 24.
Performance evaluation and feedback reporting Part 10 - Capital budgeting
and business strategy 25. Capital budgeting 26. Business strategy and management
accounting Glossary of management accounting terms Appendices I Information
extracted from annual report of Safe and Sure plc, used throughout Financial
Accounting II Solutions to numerical and technical questions in Financial
Accounting III Solutions to numerical and technical questions in Management
Accounting
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