Accounting Theory and Practice

This volume has proved to be one of the most popular introductory accounting textbooks available. It successfully integrates financial and management accounting and offers the reader a lucid and perceptive synthesis of the theory and practice of modern accounting. It is ideal for first and second year accounting and business studies courses, professional examinations, MBA courses at business schools and practising accountants seeking a point of reference on issues and problems in current debate.;Now in its fifth edition, the text has been fully updated in line with recent developments in accounting. The text has been amended in order to cover the latest research, changes in legislation and the new accounting standards, including FRSs I to 3. New developments in management accounting are also dealt with in full in the final section of the book. New material on basic finance is included for the first time.;Key Features: text redesigned and printed in two colours to enhance student appeal; is fully up-to-date with latest accounting standards including FRSs 1-3; includes new material on basic finance; is supported by a solutions manual; has a strong theoretical content; combines financial and management accounting; is comprehensive and readable. An ELBS edition is available.