Financial and Management Accounting, 9th edition

Published by Pearson (9 March 2026) © 2026

  • Pauline Weetman University of Edinburgh
  • Darren Jubb University of Dundee
Products list

Access details

  • Instant access once purchased
  • Offline access via app
Products list

Access details

  • Instant access once purchased
  • Offline access via app

Title overview

Financial and Management Accounting helps you build a strong understanding of the principles that underpin financial reporting and management accounting, giving you the confidence to apply accounting concepts in real-world business situations. This text explains not only how accounting works, but also why it matters, with clear explanations, practical examples, and a structured approach that supports learning from foundational concepts through to more advanced topics.

Designed for undergraduate Business and Accounting students, the latest edition combines accessible guidance with extensive real-world case studies, activities, and applied exercises. Updated coverage of sustainability reporting, environmental impact, corporate social responsibility, and international accounting standards ensures you develop knowledge that reflects today's evolving business environment. A unique running case study and a strong focus on the accounting equation help connect theory to practice throughout your studies.

Table of contents

Preface

 

Part 1 Corporate Reporting: Annual Report and Accounts

  1. Users needs for information
  2. What influences the annual report?
  3. The accounting equation: a systematic approach to financial reporting
  4. Financial statements from the accounting equation
  5. Ensuring the quality of financial statements

Part 2 Reading and interpreting company reports

  1. Published financial statements
  2. Ratio analysis
  3. Ratios – worked example

Part 3 Reporting the transactions of a business

  1. Accounting information for service businesses
  2. Accounting information for trading businesses

Part 4 Recognition in financial statements

  1. Non-current (fixed) assets
  2. Current assets
  3. Current liabilities
  4. Provisions and non-current (long-term) liabilities
  5. Ownership interest

Part 5 Setting the scene and defining the basic tools of management accounting

  1. Functions of management accounting
  2. Classification of costs
  3. Product costs: materials, labour and overheads

Part 6 Job costs and stock valuation

  1. Job costing

Part 7 Decision making

  1. Break-even analysis and short-term decision making

Part 8 Planning and control

  1. Preparing a budget
  2. Standard costs
  3. Performance evaluation and feedback reporting

Part 9 Capital investment appraisal and business strategy

  1. Capital investment appraisal
  2. Business strategy and management accounting

Financial accounting terms defined

Management accounting terms defined

Appendices

I Information extracted from annual report of Safe and Sure Group plc, used throughout Financial Accounting

II Solutions to numerical and technical questions in Financial Accounting

III Solutions to numerical and technical questions in Management Accounting

Index

Publisher's acknowledgements

Need help?Get in touch