Publisher's Synopsis
This introductory textbook on accountancy integrates financial and management accounting, and provides a theoretical framework to the practice of modern accounting. It has been fully updated in line with current developments in the subject.;New material and features include: coverage of the work of the Accounting Standards Board and the standards that have been issued since its inception, including FRS 1 "Cash Flow Accounting" and FRS3 "Reporting Financial Performance", and a discussion of the Statement of Accounting Principles; an extended discussion of activity-based costing, and a fuller examination of costing for service organizations; more examples and illustrations, particularly in the chapters dealing with financial accounting; answers to selected questions and problems are now provided in the main text to reflect the demand from students for self-assessment materials. Answers to the remaining questions and problems are provided in a separate lecturer's Guide.;This book provides readers with a comprehensive and up-to-date knowledge of the theory and practice of modern accounting. It is suitable for students of accounting on first- and second-year undergraduate courses and MBA courses at business shcools and for students taking professional examinations. It is also suitable for practising accountants who wish to read about issues and problems being discussed today.
