Preface xiii
1 Introduction to accounting and finance 1
Part One FINANCIAL ACCOUNTING 23
2 Measuring and reporting financial position 24
3 Measuring and reporting financial performance 61
4 Accounting for limited companies 97
5 Measuring and reporting cash flows 138
6 Analysing and interpreting financial statements 165
Part Two MANAGEMENT ACCOUNTING 209
7 The relevance and behaviour of costs 211
8 Full costing 245
9 Budgeting 281
Part Three FINANCE 313
10 Making capital investment decisions 314
11 Financing a business 351
12 Managing working capital 393
Appendix A: Glossary of key terms 435
Appendix B: Solutions to self-assessment questions 445
Appendix C: Solutions to critical review questions 458
Appendix D: Solutions to selected exercises 467
Appendix E: Present value table 492
Index 494
Acknowledgments 508