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Full Description
While the sixth edition of AccountingMaking covers both preparer and user issues of business reporting, it predominantly explores and reinforces the principles of financial and management accounting from a user perspective. Accounting is presented as a decision-making tool for business rather than a record-keeping function. In developing the sixth edition of the text, the authors have carefully considered the positioning of the chapters and the flow of the learning objectives so that the order of the topics presented suits the sequence of topics covered in most accounting courses. This text is most suitable for introductory accounting units that focus on financial decision making in business, rather than the preparation of financial reports. It is also highly suited to first-year units in accounting in business degrees, MBA introductory accounting units and accounting service units.
Contents
Preface xiiiAcknowledgements xviChapter 1 Introduction to accounting 2Chapter 2 Business sustainability 40Chapter 3 Business structures 76Chapter 4 Business transactions 116Chapter 5 Balance sheet 150Chapter 6 Income statement and statement of changes in equity 214Chapter 7 Statement of cash flows 268Chapter 8 Analysis and interpretation of financial statements 332Chapter 9 Budgeting 402Chapter 10 Cost volume profit analysis 444Chapter 11 Costing and pricing in an entity 492Chapter 12 Capital investment 534Chapter 13 Financing the business 570Chapter 14 Performance measurement 608Glossary 653Appendix 665Index 707