Principles of Accounting, 5th edition

Published by Pearson (October 23, 2013) © 2014

  • Murray J. Smart The Open Polytechnic of New Zealand
  • Nazir Awan The Open Polytechnic of New Zealand
  • Richard Baxter The Open Polytechnic of New Zealand
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Title overview

New Zealand edition

Principles of Accounting introduces students to the general principles and concepts of accounting, including budgeting as well as the analysis and interpretation of financial reports. Written in a clear, easy-to-follow style, the text examines:

  • the concepts on which accounting rests,
  • the methods by which accounting events are measured, and
  • the uses to which accounting information is put.

This very readable book is ideal for students needing to understand financial statements in order to make business decisions. It will also serve those who want to further their studies in accounting and require a solid grounding in the underlying concepts and methods. It helps to demystify the science of accounting, giving an understanding of how financial statements are put together and what they mean.

Table of contents

  • 1 Introduction
  • 2 The business environment
  • 3 The New Zealand Framework
  • 4 The accounting process
  • 5 The Balance Sheet (Statement of Financial Position)
  • 6 Income Statement and Statement of Changes in Equity
  • 7 The Cash Flow Statement
  • 8 Non-cash impacts on financial statements
  • 9 Business planning and budgeting
  • 10 Analysis and interpretation of financial statements
  • Appendix The big picture
  • Glossary
  • Index

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