Accounting and Finance: An Introduction, 11th edition

Published by Pearson (March 2, 2023) © 2023
  • Eddie McLaney
  • Peter Atrill

Title overview

Gain a complete grounding in Accounting and Finance

Accounting and Finance: An Introduction, 11th edition provides a comprehensive introduction to financial accounting, management accounting and core elements of financial management. It is aimed both at students who are not majoring in accounting or finance and those who are. The text does not focus on technical issues, but rather examines basic principles and underlying concepts. The primary concern throughout is how financial statements and information can be used to improve the quality of the decisions made by those who use them. To reinforce this practical emphasis, throughout the text, there are numerous illustrative extracts with commentary from real life including company reports, survey data and other sources.

With its approachable style and language that is easy to understand, this edition will help you learn step-by-step how to use financial information and reports as you work through its chapters and expand your learning of accounting and finance from theory to practice.

Hallmark features of this title

Providing relevant, real-life understanding of concepts

  • Real-World examples put theory into action, encouraging students to connect with issues relevant to their onward careers.
  • Activities and exercises help students consolidate the main concepts, apply their learning and develop critical thinking.

Practically applies principles to business contexts

  • Real numerical accounting techniques, with consideration of up-to-date, important financial standards
  • A clear focus on decision making and on how businesses use financial information.

User-friendly structure

  • Learning outcomes at the beginning of each chapter highlight the key areas.
  • End-of-chapter summaries help students revise and check their understanding of the topics.

New and updated features of this title

Help students make sense of real accounting issues that surfaced during the Covid-19 pandemic

  • New articles and accounts information in this edition demonstrate the various impacts of the Covid-19 pandemic on prominent businesses, explaining how they responded to the pressure on their industries. The discussion includes those who have weathered the pandemic, as well as those who suffered real losses.
  • New examples include Uber, BP, Airbus, J.P. Morgan, Airlines EasyJet and Malaysian Airlines, breweries such as Heineken, and the theme park Shanghai Disneyland. These real-life examples help students understand accounting and finance theory as actually applied in practice, giving ways to explore financial issues that impact real businesses.

Updates in line with accounting standards

  • Updated, up-to-date coverage includes revisions in the text to accommodate changes to the regulatory framework governing companies, such as the IFRS Standards and the IASB's Conceptual Framework.

Revised activities to consolidate the main ideas

  • New and updated activities throughout the textbook encourage student thinking and critical reflection on the topics. As with previous editions, these are chosen to come at the most helpful and most necessary points in each chapter.

Key features

Features of MyLab® Accounting for the 11th Edition

A fully integrated online homework and tutorial system for your students.

  • Teach your course your way: MyLab gives you the flexibility to build your own assignments and questions and create a course that fits your needs.
  • UPDATED – Over 1,825 accounting problems are now available for student assignments, including additional questions for this edition on the analysis of financial statements.
  • Over 400 algorithmic questions are included, giving you confidence that students will be answering different variations of a problem.
  • Learning aids, such as Help Me Solve This, provide extra help for students at the point of use.
  • Pull reports on student progress: Check your students' progress with current and past assignments and tweak the work they need to do next.
  • UPDATED for this edition – an addition of more than 50 multi-part questions to test your students beyond 'knowledge recall', challenging them to understand more extended issues and problems and apply techniques appropriately.

A series of interactive material help students master key concepts and connect theory with practice.

  • NEW – Five video exercises consolidate your students' understanding of concepts. Topics include break-even point, full costing, Time Value of Money, and investment appraisal.
  • Accounting in Action: An extended scenario encourages your students to consider and apply accounting principles as part of a single narrative, providing business context to decisions they will need to make in the real world.

Features of Pearson eTextbook for the 11th Edition

Extend learning beyond the classroom with Pearson eTextbook – an easy-to-use digital textbook.

Optimise study time

  • Find it fast. Enhanced search makes it easy to find a key term or topic to study. Students can also search flashcards and any notes they have created.
  • Get organised and get results. Students can customise how they study and add their own notes, bookmarks, and highlights directly in their eTextbook.
  • Study in a flash. Students can use pre-built flashcards or create their own to study how they like.

Meet students where they are

  • Study on or offline. With the mobile app, you and your students can access your eTextbook anytime, anywhere.
  • Listen anywhere. Learners can listen to the audio version of their eTextbook for most titles, making learning even more flexible.

Find out more about Pearson eTextbooks.

Table of contents

Part 1 – Financial accounting

  1. Measuring and reporting financial position
  2. Measuring and reporting financial performance
  3. Accounting for limited companies (1)
  4. Accounting for limited companies (2)
  5. Measuring and reporting cash flows
  6. Analysing and interpreting financial statements

Part 2 Management accounting

  1. Making management decisions
  2. Cost – volume – profit analysis
  3. Full costing
  4. Costing and performance evaluation in a competitive environment
  5. Budgeting
  6. Accounting for control

Part 3 – Financial Management

  1. Making capital investment decisions
  2. Financing a business
  3. Managing working capital

Part 4 – Supplementary information

  • Appendix A Recording financial transactions
  • Appendix B Glossary of key terms
  • Appendix C Solutions to self-assessment questions
  • Appendix D Solutions to critical review questions
  • Appendix E Solutions to selected exercises
  • Appendix F Present value table
  • Index

Author bios

Eddie McLaney is an academic author with several years of experience in teaching Accounting and Finance. He was formerly the Accounting Subject Group Leader and Principal Lecturer in Accounting and Finance at Plymouth Business School, University of Plymouth.

Peter Atrill is a freelance academic and author who has worked with leading institutions in the UK, Europe, and South-East Asia. As well as working as a business consultant, he was previously Head of Business and Management and Head of Accounting and Law at Plymouth Business School, University of Plymouth.

Endorsements

“A comprehensive, accessible and user-friendly text that employs contemporary, real-life examples, promotes critical thinking and reflects the latest international rules and regulations. A most valuable resource.”

Dr Christos Begkos, Associate Professor, Alliance Manchester Business School, University of Manchester

“The textbook is a useful tool for students who are new to accounting. The exercises at the end of each chapter make it easy for the students to grasp the concepts.”

Matthias Nnadi, Cranfield University

Loading...Loading...Loading...