Frank Wood
Alan Sangster, Centre for Financial Management, Open University

Publisher: Financial Times Press
Copyright: 2008
Format: Paper; 832 pp

ISBN-10:	0273712136
ISBN-13:	9780273712138

Our Price: £36.99
Status: Instock
Published: 03 Jul 2008

Business Accounting is the world’s best-selling textbook on bookkeeping and accounting. Now in its eleventh edition, it has become the standard introductory text for accounting students and professionals alike.

The book is used on a wide variety of courses in accounting and business, both at secondary and tertiary level and for those studying for professional qualifications. It builds on Business Accounting 1 to cover advanced aspects of financial accounting. It also covers introductory aspects of management accounting suitable for use at all levels up to and including professional foundation level courses and first-year degree courses.

Part One: Special accounts
1. Accounting for branches
2. Hire purchase accounts
Part Two: Companies
3. Limited companies: general background
4. The issue of shares and debentures
5. Companies purchasing and redeeming their own shares and debentures   
6. Limited companies taking over other businesses
7. Taxation in company financial statements                                                      
8. Provisions, reserves and liabilities
9. The increase and reduction of the share capital of limited companies
10. Accounting standards and related documents
11. The financial statements of limited companies: profit and loss accounts, related statements and notes
12. The financial statements of limited companies: balance sheets
13. Published financial statements of limited companies: accompanying notes
14. Cash flow statements
15. Contract accounts
Part Three: Groups
16. Group financial statements: an introduction
17. Consolidation of balance sheets: basic mechanics (I)
18. Consolidation of balance sheets: basic mechanics (II)
19. Intercompany dealings: indebtedness and unrealised profit in stocks         
20. Consolidated financial statements: acquisition of shares in subsidiaries at different dates
21. Intra-group dividends
22. Consolidated balance sheets: sundry matters
23. Consolidation of the financial statements of a vertical group of companies
24. Consolidated profit and loss accounts
25. Consolidated financial statements – Acquisitions and mergers
26. Standards covering subsidiary and associated undertakings and joint ventures
Part Four: Financial analysis
27. Accounting ratios
28. Interpretation of financial statements                                                            
Part Five: Issues in financial reporting
29. Accounting theory
30. Current cost accounting
31. Social accounting
32. Corporate governance
33. Public sector accounting
34. Accounting for management control
Part Six: Costing
35. Elements of costing
36. Absorption and marginal costing
37. Job, batch and process costing
Part Seven: Budgets
38. Budgeting and budgetary control
39. Cash budgets
40. Co-ordination of budgets                                                                               
Part Eight: Standard costing and variance analysis
41. Standard costing                                                                                           
42. Materials and labour variances
43. Overhead and sales variances                                                                     
Part Nine: Planning, control and decision making
44. Break-even analysis                                                                                      
45. Interest, annuities and leasing
46. Capital expenditure appraisal
47. The balanced scorecard
Part Ten: The emerging business environment of accounting
48. The supply chain and enterprise resource planning systems
49. E-commerce and accounting
Appendices
1.  Interest tables
2.  Answers to Review Questions
3.  Glossary             

• Easy-to-follow explanations of contemporary accounting practice, fully in line with International Accounting Standards
• Clear and logical progression through topics
• Activities designed to reinforce your understanding of key concepts
• Over 300 review questions, including past examination board questions
• Regularly updated Companion Website including further self-test questions and accounting standards updates