Additional Information
Book Details
Abstract
“This is an ideal technical accounting textbook, broken into short chapters that focus on specific areas” Elayne Taylor, University of Dundee
“Comprehensive text for studying business accounting from elementary to intermediate levels” Stephen Hick, University of Keele
Every year, thousands of students rely on Frank Wood's best-selling books to help them pass their accountancy exams. Now in its 13th edition, Business Accounting Volume 2 continues to offer an essential guide for any accounting student. Its accessible approach makes the book suitable for a wide variety of courses in accounting and business, both at secondary and tertiary level and for those studying for professional qualifications. Key concepts from financial accounting, financial analysis, financial reporting, and management accounting are all covered in this comprehensive and practical text.
New to this edition:
- Coverage of Integrated Reporting
- New chapter on theories of accounting choice
- Over 120 new questions to test your understanding
- Updated to be fully compliant with International Financial Reporting Standards (IFRS).
Key Features:
- Over 350 review questions, including past examination board questions
- Easy-to-follow explanations of contemporary accounting practice
- Activities designed to reinforce the understanding of key concepts
- Clear and logical progression through topics
Table of Contents
| Section Title | Page | Action | Price |
|---|---|---|---|
| Cover | Cover | ||
| Half Title Page | i | ||
| Title Page | iii | ||
| Copyright Page | iv | ||
| Contents | v | ||
| Notes for teachers and lecturers | ix | ||
| Notes for students | xii | ||
| The Last Lecture | xx | ||
| Acknowledgements | xxi | ||
| Part 1: Special accounts | 1 | ||
| Chapter 1: Accounting for branches | 3 | ||
| Chapter 2:Purchases by instalments | 29 | ||
| Chapter 3: Contract accounts | 47 | ||
| Part 2: Companies | 57 | ||
| Chapter 4: Limited companies: general background | 59 | ||
| Chapter 5: The issue of shares and loan notes | 66 | ||
| Chapter 6: Companies purchasing and redeeming their own shares and loan notes | 81 | ||
| Chapter 7: Limited companies taking over other businesses | 106 | ||
| Chapter 8: Taxation in company financial statements | 125 | ||
| Chapter 9: Provisions, reserves and liabilities | 142 | ||
| Chapter 10: The increase and reduction of the share capital of limited companies | 148 | ||
| Chapter 11: Accounting standards, related documents and accounting ethics | 160 | ||
| Chapter 12: The financial statements of limited companies: statements of profit or loss, related statements and notes | 207 | ||
| Chapter 13: The financial statements of limited companies: statements of financial position | 225 | ||
| Chapter 14: Published financial statements of limited companies: accompanying notes | 241 | ||
| Chapter 15: Statements of cash flows | 261 | ||
| Part 3: Groups | 277 | ||
| Chapter 16: Group financial statements: an introduction | 279 | ||
| Chapter 17: Consolidation of statements of financial position: basic mechanics (I) | 286 | ||
| Chapter 18: Consolidation of statements of financial position: basic mechanics (II) | 311 | ||
| Chapter 19: Intercompany dealings: indebtedness and unrealised profit in inventory | 321 | ||
| Chapter 20: Consolidated financial statements: acquisition of shares in subsidiaries at different dates | 335 | ||
| Chapter 21: Intra-group dividends | 339 | ||
| Chapter 22: Consolidated statements of financial position: sundry matters | 351 | ||
| Chapter 23: Consolidation of the financial statements of a group of companies | 361 | ||
| Chapter 24: Consolidated statements of profit or loss and statements of comprehensive income | 371 | ||
| Chapter 25: Business combinations: purchase method accounting | 380 | ||
| Chapter 26: Standards covering subsidiaries, associates and joint arrangements | vi | ||
| Part 4: Financial calculations and analysis | 397 | ||
| Chapter 27: Interest, annuities and leasing | 399 | ||
| Chapter 28: Accounting ratios | 414 | ||
| Chapter 29: Interpretation of financial information | 435 | ||
| Part 5: Issues in financial reporting | 459 | ||
| Chapter 30: Theories of accounting-related choice | 461 | ||
| Chapter 31: Theories of accounting practice | vi | ||
| Chapter 32: Current cost accounting | 490 | ||
| Chapter 33: Social and environmental reporting and integrated reporting | vi | ||
| Chapter 34: Corporate governance | v | ||
| Chapter 35: Public sector accounting | 526 | ||
| Chapter 36: Accounting for management control | 535 | ||
| Part 6: The emerging business environment of accounting | 545 | ||
| Chapter 37: The supply chain and enterprise resource planning systems | 547 | ||
| Chapter 38: E-commerce and accounting | 554 | ||
| Chapter 39: Forensic accounting | 562 | ||
| Part 7: Costing | 567 | ||
| Chapter 40: Elements of costing | 569 | ||
| Chapter 41: Absorption and marginal costing | 583 | ||
| Chapter 42: Job, batch and process costing | 610 | ||
| Part 8: Budgets | 627 | ||
| Chapter 43: Budgeting and budgetary control | vi | ||
| Chapter 44: Cash budgets | 639 | ||
| Chapter 45: Co-ordination of budgets | 651 | ||
| Part 9: Standard costing and variance analysis | 671 | ||
| Chapter 46: Standard costing | 673 | ||
| Chapter 47: Materials and labour variances | 678 | ||
| Chapter 48: Overhead and sales variances | 696 | ||
| Part 10: Planning, control and decision-making | 713 | ||
| Chapter 49: Breakeven analysis | 715 | ||
| Chapter 50: Capital expenditure appraisal | 732 | ||
| Chapter 51: The balanced scorecard | 750 | ||
| Appendices | 757 | ||
| Appendix 1: Interest tables | 757 | ||
| Appendix 2: Answers to review questions | 761 | ||
| Appendix 3: Glossary | vii | ||
| Index | v |