Accounting and Finance for Non-Specialists 12th Edition equips students with a solid foundation in the principles and practice of accounting and finance, thereby laying the groundwork necessary to make successful business decisions in their careers.

Covering financial accounting, management accounting and financial management in a single text, the text explains the roles that accounting and finance play in business decision-making. As well as covering widely-used accounting techniques, the text also considers important international financial standards and contains a range of relevant, real-world examples, some of which consider the impacts and pressures on businesses caused by the global Covid-19 pandemic – such as aircraft manufacturers like Airbus, airlines, goods manufacturers, and the energy company BP. Activities and exercises frequently appear throughout the book and provide opportunities to engage with the issues raised.

Clear introduction to key principles of accounting and finance

Combines financial accounting, management accounting and financial management into one volume
Retains its focus on decision making to prepare students for a career in business .
Uses a step-by-step approach, equipping students with principles and techniques and building up their skills with the embedded Activities and applied Examples.

Help students make sense of real accounting issues with relevant, real-life examples

NEW – Articles and examples in this edition demonstrate the various impacts of the Covid-19 pandemic on prominent businesses, explaining how they have responded to pressure on their industries. Examples include the energy company BP, the airline company EasyJet and makers of aircraft components such as Rolls Royce and Airbus.
UPDATED - New and updated real world examples make use of arresting new data and scenarios, helping students understand the theory as it actually is applied in practice in the business environment. By regularly checking the Real World boxes in every chapter your students will be able to connect accounting concepts with real companies’ decision-making and see the relevance of learning accounting and finance topics and techniques.

Enable group-work and individual learning & revision with helpful pedagogical features seamlessly woven into the text

UPDATED - More diagrams and charts are included throughout the text, making processes and conceptual discussions easy to grasp, and explain and reinforce key points.
UPDATED - Regular Examples and Activities sections get students thinking and are chosen to come at the most helpful and most necessary points in each chapter.
Chapters conclude with a key points summary and Self-Assessment Question boxes which help students periodically consolidate what they have been learning to help them build confidence in the subject, while the Critical Review Questions encourage students in problem solving and to think more deeply about accounting and finance decisions.
UPDATED - End of chapter exercises covering a range of levels which, together with the activities integrated throughout the book, provide excellent opportunities to test students’ knowledge of core ideas and to develop critical thinking. A full set of solutions is provided, some within the book and some as a download available for lecturers, found in the Instructor’s Manual at go.pearson.com/uk/he/resources.

Updated content reflecting changes in the field

UPDATED - Up-to-date coverage, including introductory material on ethics and accounting, as well as revisions to the text to accommodate changes to rules on corporate governance.

Instructors, pair this text with MyLab Accounting

MyLab™ is the teaching and learning platform that allows instructors to reach every student with powerful self-study material and assessments. By combining trusted author content with digital tools and a flexible platform, MyLab personalises the learning experience and improves results for each student. MyLab Accounting for this edition includes over 1500 questions that can be assigned to students.

Teach your course your way: Your course is unique. So whether you’d like to build your own assignments, teach multiple sections, or set prerequisites, MyLab gives you the flexibility to easily create your course to fit your needs. It now includes an increased number of exercises and problems to assign for practice and formative or summative assessment.

UPDATED - the MyLab platform has many functions that help prevent cheating, but as an additional measure, for the 12th edition of this MyLab over 100 previously static questions have been turned into algorithmic ones, which means that each student works on a numerical problem that is individual to him or her. This brings the total number of algorithmic questions in the MyLab to 545.
UPDATED - There are now over 1500 exercises in MyLab that can be selected and assigned for formative or summative work. Students can view their results and instructors can track student performance in the sophisticated Gradebook. Approximately half of the exercises in this MyLab are NOT multiple choice but are other question types, enabling testing of students’ performance in a variety of different ways.
NEW - 4 video exercises covering key concepts in management accounting provide new animated videos which could be used to help consolidate concepts learned in class, or to check understanding in advance of upcoming teaching sessions. Students can refer to the video to help with their understanding the concept before answering a question or problem. Topics include: Break-even point (ch.7), Full costing (ch.8), Time Value of Money (ch.10), and Investment appraisal (ch.10).
NEW – 5 videos have been added into 64 questions in the incorrect answer feedback, meaning that students who have struggled with a question can review information on a key concept related to that question.
Helping students make the link between theory and how this is applied in real-world decision making, 5 Case Studies have been added to this MyLab Accounting. Cases either incorporate Financial Times articles about real issues faced by businesses or detail the development of a fictional company’s financials in order to illustrate important topics. Cases are followed by questions for discussion in class and automatically graded multiple-choice questions.

Empower each learner: Each student learns at a different pace. Personalized learning pinpoints the precise areas where each student needs practice, giving all students the support they need — when and where they need it — to be successful.

UPDATED - The feedback given to students in response to their answers has been improved for 100 questions. This provides a greater quality of response at their point of need to help them learn from their incorrect answers and progress in their learning.
Via the dashboard on the students’ home page members of your class can quickly see their progress with current and past assignments, and view the assignments they need to work on next – focusing them on what they need to do and areas they may want to improve.

Deliver trusted content: You deserve teaching materials that meet your own high standards for your course. That’s why we partner with highly respected authors to develop interactive content and course-specific resources that you can trust — and that keep your students engaged.

REVISED – Scenarios in a portion of MyLab questions have been revised to incorporate more diverse characters and a balance of genders.

Improve student results: When you teach with MyLab, student performance often improves. That’s why instructors have chosen MyLab for over 15 years, touching the lives of over 50 million students.

Pearson, the world’s learning company.

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