Accounting in the Business Environment

9780273615606

0273615602

This textbook has rapidly established a reputation as a sound conceptual approach to accounting, particularly suitable for courses with a European orientation. This edition has been brought fully up-to-date with the latest accounting standards issued. Questions for student's self-testing are now included in each chapter. Bookkeeping has been strengthened and the section on management accounting expanded to include divisional performance and transfer pricing. There is extended coverage of FRS 3 and its effect on the interpretation of financial statements, as well as discussion of corporate governance in relation to financial regulation. The book contains a number of features that make it a good choice for those wishing to develop courses with a European focus. Differences in financial reporting practices within the EC and their evolution from common origins are addressed. Unusually for an introductory text, it takes the group as the most common form of business organisation and discusses the issues raised. Worked examples are used throughout the text to clarify complex issues and questions are provided in the text and in a separate Instructor's Manual.