This textbook provides an accessible introduction to accounting, giving a clear and concise overview of financial accounting, management accounting and financial management. Using international examples, cases and real company data to contextualise the theory, the authors explain the key concepts in a logical fashion, providing students with a theoretical and practical foundation in the subject. In particular, the running case study helps students to keep applying new concepts to a familiar context. The main author, Jill Collis, is an experienced author who has a proven ability to simplify difficult topics and communicate them in a clear and engaging way. This textbook has been developed specifically to provide a comprehensive introduction to accounting for anybody coming to the subject for the first time, either at undergraduate or postgraduate level. New to this Edition:- The important and contemporary topics of ethics, corporate governance and corporate social responsibility are given more prominence in this new edition- A new chapter on the statement of cash flows has been added- The number of questions in the book and online has been increased substantially to provide students with more opportunity to test their understanding and provide lecturers with more materials to perform assessmentsAccompanying online resources for this title can be found at bloomsburyonlineresources.com/business-accounting-3e. These resources are designed to support teaching and learning when using this textbook and are available at no extra cost.

Part I: The World of Accounting and Finance1. Introduction to Business Accounting2. The Importance of CashPart II: Financial Accounting3. The Accounting System4. The Regulatory Framework for Financial Reporting5. The Conceptual Framework for Financial Reporting6. The Statement of Profit or Loss and Other Comprehensive Income7. The Statement of Financial Position8. The Statement of Cash Flows9. Consolidated Financial Statements10. Financial Statement Analysis11. Corporate Governance, Stewardship, Social Responsibility and Integrated ReportingPart III: Management Accounting12. The Importance of Cost Information13. Costing for Product Direct Costs14. Costing for Indirect Costs15. Activity-based Costing16. Marginal Costing17. Budgetary Control18. Standard Costing19. Strategic Management Accounting20. Environmental Management AccountingPart IV: Investment Appraisal21. Payback Period and Accounting Rate of Return22 Discounted Cash Flow MethodsAppendix: Present value tablesGlossaryIndex.