Financial Accounting is a text written specifically for the needs of first year business students and is based around the needs of users of accounting information. It builds from definitions through to a clear understanding of accounting statements, their uses and their limitations. The examples and case studies in this text have been tailor-made for the needs of students and, where appropriate, are illustrated with examples from the accounts of well-known companies. The first chapters introduce the basic accounting principles, providing a structure for examining some of the alternative approaches to income measurement and valuation. From this base the student is then introduced to the components of financial statements. The basic format used is that of a worksheet which allows the student to construct their own accounting models using various spreadsheet packages. The second edition of Financial Accounting: An Introduction features an even greater number of practice questions and integrates an international perspective. Financial Accounting will provide a clear and firm foundation for all introductory students on a degree course, an MBA programme or following the professional syllabus of the ACCA, CIMA or the ICAEW.

Financial Accounting is a text written specifically for the needs of first year business students and is based around the needs of users of accounting information. It builds from definitions through to a clear understanding of accounting statements, their uses and their limitations. The examples and case studies in this text have been tailor-made for the needs of students and, where appropriate, are illustrated with examples from the accounts of well-known companies. The first chapters introduce the basic accounting principles, providing a structure for examining some of the alternative approaches to income measurement and valuation. From this base the student is then introduced to the components of financial statements. The basic format used is that of a worksheet which allows the student to construct their own accounting models using various spreadsheet packages. The second edition of Financial Accounting: An Introduction features an even greater number of practice questions and integrates an international perspective. Financial Accounting will provide a clear and firm foundation for all introductory students on a degree course, an MBA programme or following the professional syllabus of the ACCA, CIMA or the ICAEW.

Professor Aidan Berry, BA, FCA, is Head of the Business School at the University of Brighton. His research interests include public sector accounting and bank lending to small businesses. He is co-author of Accounting in a Business Context, Bank Lending: Beyond the Theory, Business Accounting for Hospitality and Tourism and Selecting and Managing a Non-executive Director.

1. Introduction. 2. AccountingandOrganisations. 3. Wealthandthe Measurement of Profit. 4. Measurement of Wealthandthe Balance Sheet. 5. The ProfitandLoss Account. 6. Introduction to the Worksheet. 7. Accrual Accounting. 8. StocksandWork in Progress. 9. Fixed Assets and Depreciation. 10. InvestmentsandIntangible Assets. 11. Financing and Business Structures. 12. Final AccountsandOrganisation Structures. 13. Alternative Financial Statements. 14. Financial Statement Analysis. 15. Income ConceptsandValuation. 16. Price Level Changes. 17. Replacement Cost Accounting. Index.