Syracuse

Accounting : an introduction / Eddie McLaney and Peter Atrill

Livre

McLaney, E. J.

Edited by Financial Times/Prentice Hall. New York - 2005

From the well-established author team of Eddie McLaney and Peter Atrill this text aims to offer non-specialist students a balanced introduction to financial and management accounting

Cover. Accounting an Introduction. Brief contents. Detailed contents. Preface. How to use this book. Guided tour of the book. Guided tour of the Companion Website. Acknowledgements. Introduction to accounting and finance. Objectives. Introduction. What are accounting and finance?. Accounting and user needs. The conflicting interests of users. Not-for-profit organisations. How useful is accounting information?. Accounting as a service function. The threshold of materiality. Costs and benefits of accounting information. Accounting as an information system. Management and financial accounting. Scope of this book. Has accounting become too interesting?. The changing nature of accounting. Why do I need to know anything about accounting and finance?. Forms of business unit. Business objectives. Summary. Key terms. Further reading. Review Questions. Financial accounting. Measuring and reporting financial position. Objectives. Introduction. The major financial statements. an overview. The balance sheet. The effect of trading operations on the balance sheet. The classification of assets. The classification of claims. Balance sheet formats. Self-Assessment Question 2.1. The balance sheet as a position at a point in time. Accounting conventions and the balance sheet. Accounting for goodwill and product brands. The basis of valuation of assets on the balance sheet. Interpreting the balance sheet. Summary. Key terms. Further reading. Review Questions. Exercises. Measuring and reporting financial performance. Objectives. Introduction. The profit and loss account (income statement). Relationship between the profit and loss account and the balance sheet. The format of the profit and loss account. The profit and loss account. some further aspects. Profit measurement and the recognition of revenue. Profit measurement and the recognition of expenses. Profit measurement and the calculation of depreciation. Profit measurement and stock (inventories) costing methods. Profit measurement and the problem of bad and doubtful debts. Self-Assessment Question 3.1. Interpreting the profit and loss account. Summary. Key terms. Further reading. Review Questions. Exercises. Accounting for limited companies (1). Objectives. Introduction. Generating wealth through limited companies. Managing a company. corporate governance and the role of directors. Financing limited companies. Altering the nominal value of shares. Raising share capital. Loans and other sources of finance. Restriction on the right of shareholders to make drawings of capital. Accounting for limited companies. Self-Assessment Question 4.1. Summary. Key terms. Further reading. Reference. Review Questions. Exercises. Accounting for limited co.

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