Accounting: Business Reporting For Decision Making

While the sixth edition of Accounting: Business Reporting for Decision Making covers both preparer and user issues of business reporting, it predominantly explores and reinforces the principles of financial and management accounting from a user perspective. Accounting is presented as a decision–making tool for business rather than a record–keeping function. In developing the sixth edition of the text, the authors have carefully considered the positioning of the chapters and the flow of the learning objectives so that the order of the topics presented suits the sequence of topics covered in most accounting courses. This text is most suitable for introductory accounting units that focus on financial decision making in business, rather than the preparation of financial reports. It is also highly suited to first–year units in accounting in business degrees, MBA introductory accounting units and accounting service units.

Table of Contents:
Preface xiii Acknowledgements xvi 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 Glossary 653 Appendix 665 Index 707

About the Author :
Jacqueline Birt, B.Ed Melb, B.Bus RMIT, M.Bus RMIT, PhD ANU, is a senior lecturer in Accounting at the University of Queensland. Prior to the University of Queensland she held appointments at Monash University, the Australian National University, the University of Amsterdam and the University of Melbourne. Jacqueline s teaching and research is in the area of financial accounting and her PhD focused on segment reporting and examined issues such as value relevance and voluntary segment disclosures. She has published in journals such as the Australian Journal of Management, the Australian Accounting Review and Accounting Education. Jacqueline has been the recipient of the Pearson Education Accounting/Finance Lecturer of the Year Award and also the ANU Faculty of Economics and Commerce Award for Teaching Excellence. Keryn Chalmers, BCom, Grad Dipl, PhD, is a professor of accounting and deputy dean (external and international) in the Faculty of Business and Economics at Monash University. Prior to this, Keryn was head of the Department of Accounting and Finance at Monash University. During her academic career, she has been responsible for accounting–related curriculum development, quality assurance and delivery at the undergraduate and postgraduate level. Keryn is an active researcher in the financial accounting and financial reporting area, specifically in relation to accounting policy and disclosure choices of management. Suzanne Maloney, BBus, MPhil, FCPA, has worked in the accounting and finance field, both in practice and academia, for the past 15 years. Her current position is as a senior lecturer at the University of Southern Queensland. She works closely with professionals in practice and in 2002 was the Queensland State President of CPA Australia. Suzanne is the recipient of a number of awards including the Institute of Chartered Accountants Teaching Award and the CPA Australia Young CPA of the Year Award. Albie Brooks, BCom, DipEd, MBus, PhD, FCPA, is a senior teaching fellow in management accounting in the Department of Accounting and Business Information Systems at the University of Melbourne. His teaching is predominantly in the areas of management accounting and managerial control. His teaching experience is at both undergraduate and postgraduate levels in both domestic and international settings. His research activities relate to teaching and learning, management accounting innovation and corporate governance issues. Judy Oliver, BBus, MBus, PhD, joined Swinburne University in 2008 as a senior lecturer in accounting. Over the past 24 years, she has also held appointments at Victoria University and the University of Tasmania. Judy teaches first–year accounting and management accounting at both the undergraduate and postgraduate levels. Her research interests are in the area of management accounting control systems and corporate governance. She has published in journals such as the Australian Accounting Review, International Journal of Quality & Reliability Management and the Journal of Accounting & Organizational Change.