Accounting and Finance for Non-Specialists 12th Edition by Peter Atrill, ISBN-13: 978-1292334691

Description

Accounting and Finance for Non-Specialists 12th Edition by Peter Atrill, ISBN-13: 978-1292334691

[PDF eBook eTextbook]

• Publisher: ‎ Pearson; 12th edition (November 18, 2021)
• Language: ‎ English
• 528 pages
• ISBN-10: ‎ 129233469X
• ISBN-13: ‎ 978-1292334691

Familiarise yourself with essential accounting and finance principles for business decision-making, and connect your learning with relevant examples from real world businesses .

Accounting and Finance for Non-Specialists 12th Edition by Peter Atrill and Eddie McLaney is a highly accessible introduction to the subject. It equips you with a solid foundation in the principles and practice of accounting and finance, thereby laying the groundwork necessary to make successful business decisions in your future career.

Covering financial accounting, management accounting and financial management in a single text, you will discover what the major financial statements contain and why they are useful. You will also gain an appreciation of the key roles that accounting and finance play in business decision-making. This easy-to-follow textbook examines widely-used accounting techniques, considers important international financial standards and contains a range of relevant, real-world examples, many of which are new to this edition. Activities and exercises frequently appear throughout the book and provide opportunities to engage with the issues raised.

Table of Contents:

Cover Page

Title

Copyright

Contents

Preface

1 Introduction to accounting and finance

Introduction

What are accounting and finance?

Who are the users of accounting information?

Providing a service

Weighing up the costs and benefits

Accounting as an information system

Management accounting and financial accounting

Scope of this book

The changing face of accounting

Accounting for ethics

Why do I need to know anything about accounting and finance?

The quest for wealth creation

Meeting the needs of other stakeholders

Wealth creation over the long term

Balancing risk and return

Summary

Key terms

References

Further reading

Critical review questions

Part One FINANCIAL ACCOUNTING

2 Measuring and reporting financial position

Introduction

The major financial statements – an overview

The statement of financial position

The effect of trading transactions

Classifying assets

Classifying claims

Statement layouts

Capturing a moment in time

The role of accounting conventions

Money measurement

Valuing assets

Meeting user needs

Summary

Key terms

Reference

Further reading

Critical review questions

Exercises

3 Measuring and reporting financial performance

Introduction

The income statement

Different roles

Income statement layout

Further issues

Recognising revenue

Recognising expenses

Depreciation

Costing inventories

Trade receivables problems

Uses and usefulness of the income statement

Summary

Key terms

Further reading

Critical review questions

Exercises

4 Accounting for limited companies

Introduction

The main features of limited companies

The role of the Stock Exchange

Managing a company

The UK Corporate Governance Code

Financing limited companies

Borrowings

Withdrawing equity

The main financial statements

Dividends

Additional financial statements

The directors’ duty to account

The need for accounting rules

Sources of accounting rules

The auditors’ role

Management commentary

Creative accounting

Summary

Key terms

Further reading

Critical review questions

Exercises

5 Measuring and reporting cash flows

Introduction

Why is cash so important?

The statement of cash flows and its relation to the other financial statements

The relationship between the financial statements

The main features of the statement of cash flows

A definition of cash and cash equivalents

The layout of the statement of cash flows

The normal direction of cash flows

Preparing the statement of cash flows

What does the statement of cash flows tell us?

Summary

Key terms

Further reading

Critical review questions

Exercises

6 Analysing and interpreting financial statements

Introduction

Financial ratios

Financial ratio classifications

The need for comparison

Calculating the ratios

A brief overview

Profitability

Efficiency

Relationship between profitability and efficiency

Liquidity

Financial gearing

Investment ratios

Trend analysis

Using ratios to predict financial failure

Limitations of ratio analysis

Summary

Key terms

Further reading

Critical review questions

Exercises

Part Two MANAGEMENT ACCOUNTING

7 The relevance and behaviour of costs

Introduction

What is meant by ‘cost’?

Relevant costs: opportunity and outlay costs

Cost behaviour

Fixed cost

Variable cost

Semi-fixed (semi-variable) cost

Finding the break-even point

Contribution

Margin of safety

Operating gearing and its effect on operating profit

Weaknesses of break-even analysis

Using contribution to make decisions: marginal analysis

Summary

Key terms

Further reading

Critical review questions

Exercises

8 Full costing

Introduction

What is full costing?

Why do managers want to know the full cost?

Single-product businesses

Multi-product businesses

Overheads as service renderers

Activity-based costing

Using full (absorption) cost information

Summary

Key terms

Further reading

Critical review questions

Exercises

9 Budgeting

Introduction

How budgets link with strategic plans and objectives

Time horizon of plans and budgets

How budgets help managers

Budgets and forecasts

Limiting factors

How budgets link to one another

Using budgets in practice

Preparing budgets

Non-financial measures in budgeting

Budgeting for control

Measuring variances from budget

Making budgetary control effective

Behavioural issues

The use of variance analysis

Summary

Key terms

Further reading

Critical review questions

Exercises

Part Three FINANCE

10 Making capital investment decisions

Introduction

The nature of investment decisions

Investment appraisal methods

Accounting rate of return (ARR)

Payback period (PP)

Net present value (NPV)

Why NPV is better

Internal rate of return (IRR)

Some practical points

Investment appraisal in practice

Investment appraisal and strategic planning

Summary

Key terms

Reference

Further reading

Critical review questions

Exercises

11 Financing a business

Introduction

The main objective of financing policy

Sources of finance

Internal sources of finance

Internal sources of long-term finance

Internal sources of short-term finance

External sources of finance

External sources of long-term finance

Forms of borrowing

External sources of short-term finance

Long-term versus short-term borrowing

Gearing and the financing decision

Raising long-term finance

Share issues

The role of the Stock Exchange

The Alternative Investment Market

Providing long-term finance for the small business

Islamic finance

Summary

Key terms

References

Further reading

Critical review questions

Exercises

12 Managing working capital

Introduction

What is working capital?

The scale of working capital

Managing inventories

Managing trade receivables

Managing cash

Managing trade payables

Managing working capital

Summary

Key terms

Further reading

Critical review questions

Exercises

Appendix A: Glossary of key terms

Appendix B: Solutions to self-assessment questions

Appendix C: Solutions to critical review questions

Appendix D: Solutions to selected exercises

Appendix E: Present value table

Index

Acknowledgment

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