The\u00a0book is suitable for those interested in the accounts of profit-making\u00a0organisations or not-for-profit\u00a0organisations. It also gives\u00a0equal\u00a0weight to manufacturing and service organisations.<\/p>\n
The text is divided into three parts.
\nPart 1 explains the scope of the text, who it is for and how to use\u00a0it effectively.
\nPart 2 begins with a review of the types of people who might use\u00a0accounting statements and the sort of information that they might\u00a0need.\u00a0It then introduces and reviews the main financial accounting\u00a0statements: the profit and loss account\/income statement (or\u00a0income and expenditure account in not-for-profit organisations),\u00a0the balance sheet and the cash flow statement. The final chapters\u00a0of this section explain the basic techniques used to interpret the\u00a0information contained within these financial statements.
\nPart 3 covers management accounting and the use of financial\u00a0information to manage a business. It reviews the analysis and\u00a0build-up of cost before going on to demonstrate the use of costs\u00a0in management decision-making. This section concludes with a\u00a0discussion of the use of budgetary planning and control.
\nThe final section of the text contains a glossary of the major financial\u00a0and management accounting terms used in the book, extracted from\u00a0the Official Terminology of the Chartered Institute of Management\u00a0Accountants.<\/p>\n","protected":false},"excerpt":{"rendered":"
This is a basic text providing self-guided training for nonspecialists\u00a0who need an appreciation of the purposes and use of\u00a0accounting\u00a0information. It covers the basic principles of financial\u00a0and\u00a0management accounting for those who do not require\u00a0detailed\u00a0theoretical or technical knowledge. The text will provide\u00a0a\u00a0grounding and outline understanding to enable the reader to\u00a0contribute\u00a0in the workplace or to progress to further financial\u00a0studies.\u00a0The text demonstrates the subjectivity and limitations of financial\u00a0information and explains the involvement of the non-financial\u00a0manager in the accounting process. It has been written assuming\u00a0no prior financial knowledge, and without the use of accounting\u00a0jargon.<\/p>\n","protected":false},"featured_media":9241,"template":"","meta":{"inline_featured_image":false},"product_brand":[],"product_cat":[10379],"product_tag":[10303,10358],"class_list":{"0":"post-9240","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-altax-library-en","7":"product_tag-accounting","8":"product_tag-finance-management","10":"first","11":"instock","12":"sale","13":"downloadable","14":"virtual","15":"purchasable","16":"product-type-simple"},"yoast_head":"\n