Introduction to accounting

1.Introduction 2.The statement of financial position 3.The income statement 4.Double-entry bookkeeping 1: Debits, credits, T accounts, the trial balance and the financial statements 5.Double-entry bookkeeping 2: Books of prime entry, accounting systems and other double entry applications 6.The statement of cash flows 7.Business organizations and the financing of business 8.Ratio analysis 1: Profitability, efficiency and performance 9.Ratio analysis 2: Liquidity, working capital and long term financial stability 10.Cost and management accounting in context 11.Product costing: Absorption costing 12.Relevant costs, marginal costing and short-term decision making 13.Standard costing and variance analysis 14.Budgeting 15.Process costing 16.Capital investment appraisal 17.Corporate governance and sustainability

This book is a comprehensive, engaging textbook for first-year accounting and finance students. It offers practical examples, clear explanations, and extensive online resources, guiding students towards a confident understanding of accounting fundamentals through a combination of worked and real-life examples.