The Meaning of Company Accounts [Paperback]by Walter Reid and David Myddelton
Not yet published, no due date - can be pre-ordered Description of The Meaning of Company AccountsThe Meaning of Company Accounts first appeared in 1971 and quickly achieved recognition among managers, financial and non-financial alike. It is now seen as the standard text in the subject. It aims to help anyone using company accounts to gain a firm grasp of what they mean and how they relate to business activities.Throughout the book, ideas are developed in a logical, structured sequence, involving a high degree of reader participation, while at the same time being extremely flexible. The workbook approach, including examples to be worked through, enables readers to achieve understanding of topics they may previously have found difficult. This new seventh edition has been thoroughly updated to ensure that examples and appendix materials are current. It now includes references to International Accounting Standards (IAS) as well as to UK accounting standards (SSAPs and FRSs), while a new Appendix of Synonyms has also been added, comprising more than 60 terms. With these amendments in place, The Meaning of Company Accounts is set to maintain its place as the leader of its field well into the twenty-first century. Title Information
Press and Industry Reviews'The text flows naturally and questions are dropped in tactfully, so that you gently find yourself becoming more perceptive (answers are on the same page or next, so no fumbling to the back of the book to find them) ... Anyone who enjoys accounts will find this book irresistible.'Accounting Technician, December 2000 'This latest edition of a very relevant and useful book is most welcome ... The text is well structured and logical in its development of the subject. Any study of the meaning of company accounts is generally an arduous and time-consuming task but this book achieves a right balance between basic and detailed material and also between the practical and theoretical aspects of the subject ... A decidedly "user-friendly" text well worth a place in any company library or on the book shelf of any student.' Company Accountant, December 2000 'this is a readable, user-friendly book which, with its workbook approach, would benefit financial and non-financial managers and readers unfamiliar with financial issues.' Chartered Secretary, March 2001 Write a review of this book Customer Reviews from AmazonAbout Walter Reid and David MyddeltonWalter Reid was Professor of Accounting and Financial Control at the London Business School from 1973 to 1988 and is now a visiting Professor at the School. He is currently Chairman of Management Development Associates Limited (MDA), a management training consultancy with a primary focus on financial management.D R Myddelton has been Professor of Finance and Accounting at the Cranfield School of Management since 1972. He has written books on tax reform, inflation accounting and accounting standards, and textbooks on accounting, economics and financial management. He is a trustee of the Institute of Economic Affairs. Contents of The Meaning of Company AccountsSection 1: Background and Structure- Development of accounting - The accounting task - Fundamental accounting concepts - 'A true and fair view' - The accounting model - Profit and loss account and balance sheet - Profit and loss classification - Balance sheet classification - Cash flow statement - Disclosure in annual reports - Modern requirements - Auditors' report - Summary - Problems Section 2: Analysing Performance - Introduction - Overview - Return on investment - Pyramid of ratios - Ratio calculation - Performance ratios (profitability) - Performance ratios (asset turnover) - Standards for analysis - Comparing different companies' results - The need for caution - Different viewpoints - Summary - Problems. Section 3 Financial and Stock Market Ratios - Introduction - Ratio calculation - Financial status ratios - Stock market ratios - Debt - short-term or long-term? - Summary - Problems Section 4: Recording Business Transactions - Basic transactions and company accounts - Impact of individual transactions on accounts - Balance sheet changes - columnar analysis - Books of account - cash and ledger accounts - The accounting records and double-entry bookkeeping - Information flows - Double-entry bookkeeping - Stages in preparing published accounts - Summary - Problems Section 5: Measuring Profit or Loss - Profit measurement - Accrual accounting - Measuring sales revenue (turnover) - Treatment of expenditures - Measuring 'revenue investments' - More complex aspects of measuring profit - Summary - Problems Section 6: Valuing Stock - Stock in accounts - Trading stock - Flow of goods assumptions - Manufacturing stock - Long-term contracts - Summary - Problems Section 7: Fixed Assets and Depreciation - Capital expenditure - Presentation in published accounts - Depreciation - Useful life and residual value - Methods of depreciation - Varying depreciation charges - Leasing fixed assets - Revaluing fixed assets - Summary - Problems Section 8: Company Taxation - Background - Corporation tax rates - Personal taxation - Adjustments to accounting profits - Deferred tax - Accounting for tax - Summary - Problems Section 9: Capital Structure - Capital employed - Ordinary shareholders' funds - Issues of ordinary shares - Creditors due after one year - Gearing - Preference share capital - Summary - Problems Section 10: Cash Flow Statements - Why profit and cash may differ - Cash flow statements - Alternative format - Interpreting Tesco's cash flows - Key aspects of cash flow - Deriving a cash flow statement - Summary - Problems Section 11: Group Accounts - Investments in equity - Group accounts - Inter-company transactions - Acquisitions - Goodwill and intangible assets - Minority interests - Mergers - Non-consolidated subsidiaries - Associates and joint ventures - Summary - Problems Section 12: International Accounting - Background - UK/US balance sheet formats - Differences in UK/US accounting practice - UK/US terminology - UK/US versus other countries - Multinationals - Foreign currency translation - Summary - Problems Section 13: Inflation Accounting - Background - Problems with historical money cost accounts - Two contrasting methods of 'inflation accounting' - Measuring the rate of inflation - Historical money cost accounting - Constant purchasing power (CPP) accounting - Current Cost Accounting (CCA) - Summary - Problems Section 14: Interpreting Company Accounts - Introduction - Accounting matters requiring special attention - Financial analysis and economic reality - Disclosure and accounting conventions - Comparisons over time and between companies - Analysis of Tesco's 1999 accounts - Segment analysis - Summary - Problem Appendices - Synonyms - Acronyms and abbreviations - UK and international accounting standards - Retail Prices Index - Companies Act 1985, schedule 4 (abbreviated) - Bibliography - Analysis forms (to photocopy) - Solutions - Index |
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