I don t want to be an accountant, why is accounting relevant to me?
I intend to manage a business, so why do I need to know about accounting?
Why do I need accounting information to make business decisions?
These questions are answered and the integral role of accounting information in business is established in Accounting: Business Reporting for Decision Making, 5th edition. Written for students who are studying accounting for the first time, the text introduces, explains and applies basic accounting principles relevant to all businesses from sole traders to large organisations.
The text presents fundamental accounting topics, interprets typical business reports and illustrates how knowledge of these topics and reports are used to make business decisions. The text emphasises the conceptual foundations and business application of accounting information, providing clear explanations so you the student can appreciate the significant and valuable role of accounting in business. Wiley wishes you success with your accounting studies.
Table of ContentsPreface xiii
Chapter 1 Introduction to accounting 2
Chapter 2 Business sustainability 40
Chapter 3 Business structures 76
Chapter 4 Business transactions 116
Chapter 5 Balance sheet 150
Chapter 6 Income statement and statement of changes in equity 214
Chapter 7 Statement of cash flows 268
Chapter 8 Analysis and interpretation of financial statements 332
Chapter 9 Budgeting 402
Chapter 10 Cost volume profit analysis 444
Chapter 11 Costing and pricing in an entity 492
Chapter 12 Capital investment 534
Chapter 13 Financing the business 570
Chapter 14 Performance measurement 608