Financial Accounting, 5th edition

  • Chris Waterston
  • Anne Britton

Financial Accounting

ISBN-13:  9780273719304


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What's included

  • Paperback

    You'll get a bound printed text.


Financial Accounting is the ideal introduction to this topical and dynamic subject. Successfully combining a conceptual approach with an accessible, interactive style, the text tackles the very latest international developments. Adopting a unique questioning attitude to the subject, the authors ask why accounting practices exist and not simply how they work, without lingering on the technicalities.

The fifth edition has been fully updated in line with international accounting standards. Key features for this new edition include:

*       a new chapter on group accounting

*       new material on accounting for partnerships

*       new material on incomplete records

*       expanded explanation of accounting for non-current assets

*       expanded and revised material on fair value accounting

*       updated IT chapter;

*       more company case studies and 'real life' examples;  

A Companion Website supports this book, providing a full resource pack for both lecturers and students, including further questions with answers, a list of suggested web links and an expanded bank of self-marking multiple-choice questions for students. 

Financial Accounting is ideally suited for students taking accounting courses at both undergraduate and postgraduate level. This book will also be a suitable introduction to the subject for those who intend to continue studies in professional accounting. 

Professor Anne Britton has retired from her post of  Associate Dean and Head of School of Accounting and Financial Services at Leeds Metropolitan University and now is a self employed academic consultant, and Chris Waterston teaches financial accounting and reporting at Newcastle University Business School. They are both experienced teachers and writers.


Table of contents


1. What is accounting?

2. The statement of financial position

3. The statement of comprehensive income

4. Concepts and characteristics

5. The double entry system

6. Adjustments, including entries in ledger accounts

7. Preparation of statement of comprehensive income and statement of financial position from trial balance and adjustments

8. Accounts of limited companies and other organisations

9. Group Accounting

10. Statement of Cash Flows

11. Regulatory framework, corporate social responsibility and corporate governance

12. Interpretation, including ratio analysis and consideration of additional information required

13. Valuation and performance measurement

14. Control of accounting systems

15. Information technology and accounting

16. The finale

Appendix: Answers to self assessment questions




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Published by Pearson Canada (October 14th 2009) - Copyright © 2010