Accounting and Finance: An Introduction, 10th edition
Published by Pearson (January 27, 2020) © 2020
- Eddie McLaney
- Peter Atrill University of Plymouth Business School
- A print text (hardcover or paperback)
- Free shipping
Gain a complete grounding in Accounting and Finance and develop skills to work with financial information
Accounting and Finance: An Introduction 10th Edition by Eddie McLaney and Peter Atrill contains all the information on Accounting and Finance that students need to start their career in business. With an emphasis on introducing topics in a step-by-step and accessible way, students will be taught how to understand and use financial information and reports, and will gain an appreciation of the key roles that both accounting and finance have to play in business decision-making. This bestselling text continues to be popular on introductory courses, and makes the experience of learning about accounting and finance relevant and practical through its use of real numerical accounting techniques, the inclusion of important international financial standards, an increased number of activities to encourage learning in an active way, and through a range of relevant, real-world examples, many of which are new to this edition.
- Clearly introduces key principles of Financial Accounting, Management Accounting and Finance
- Retains its focus on decision making to prepare students for a career in business, and centres learning around how businesses use financial information
- Uses a step-by-step approach to teach concepts and techniques, equipping students with everything they need to master essential topics and develop their own knowledge and skills in applying concepts in accounting, including analysing and using financial data provided in company reports.
- Brings concepts alive with relevant, real-life examples and integrated activities
- Every chapter contains Real World examples, based on well-known businesses, illustrating techniques used in business. Real World examples help students recognise course concepts in action and make connections with issues they may deal with in their careers.
- Activities and exercises integrated throughout the book provide excellent opportunities to test students’ knowledge of core ideas and to develop critical thinking.
- Clear explanations of standards and wider frameworks, such as the IASB’s Conceptual Framework and the UK Corporate Governance Code which have had details revised for this edition. This places accounting in a wider context and demonstrates the relevance of these to performing key activities of a business.
- Section on revenue recognition has been altered to reflect recent changes in accounting rules.
- Revised definitions of certain key terms have been re-tooled wherever they occur in the book, to reflect the way these are now to be understood according to developments in recent years. This includes the definitions of assets and liabilities.
- Clearer explanations are given for important concepts such as the prudence convention and Z-score analysis, providing what students need to know for these topics.
Brings concepts alive with even more relevant, real-life examples and integrated activities
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New and updated Real World examples, based on well-known businesses, which illustrate techniques used in business. Real World examples help students recognize course concepts in action and make connections with issues they may deal with in their careers.
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Updated for this edition, the activities and exercises 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.
Refreshed content reflecting changes in key definitions and financial standards
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Updated to include the latest revisions to the IASB’s Conceptual Framework and the UK Corporate Governance Code. This places accounting in a wider context and demonstrates the relevance of these to performing key activities of a business.
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Section on revenue recognition has been revised to reflect recent changes to accounting rules.
-
Definitions of certain key terms have been re-tooled wherever they occur in the book, to reflect the way these are now to be understood according to developments in recent years. This includes the definitions of assets and liabilities.
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Clearer explanations are given for important concepts such as the prudence convention and Z-score analysis, providing what students need to know for these topics.Â
Better quality exercises and additional problems to assign in MyLab Accounting for practice and formative or summative assessment
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For this 10th edition, over 45 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 MyLab to over 400.
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There are now over 1650 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.
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The feedback given in MyLab to students in response to their answers has been improved for over 275 questions in the most used chapters. 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.
Preface
How to use this book
Acknowledgements
Part I Financial accounting
1. Introduction to accounting and finance
2. Measuring and reporting financial position
3. Measuring and reporting financial performance
4. Accounting for limited companies (1)
5. Accounting for limited companies (2)
6. Measuring and reporting cash flows
7. Analysing and interpreting financial statements
Part II Management accounting
8. Making management decisions
9. Cost–volume–profit analysis
10. Full costing
11. Costing and performance evaluation in a competitiveenvironment
12. Budgeting
13. Accounting for control
Part III Financial management
14. Making capital investment decisions
15. Financing a business
16. Managing working capital
Part IV 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
Eddie McLaney is an academic author with several years of experience of teaching Accounting and Finance. He was formerly the Accounting Subject Group Leader and Principal Lecturer in Accounting and Finance at Plymouth Business School, Plymouth University.
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 a business consultant, he was previously Head of Business and Management and Head of Accounting and Law at Plymouth Business School, Plymouth University.
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