| Description |
xiii, 430 pages ; 25 cm |
| Series |
Contemporary business series |
|
B H contemporary business series.
|
| Contents |
Machine derived contents note: Preface to the Australian Edition ix -- Preface to the United Kingdom Edition xi -- Part One Introduction to Accounting -- I Introduction to accounting 3 -- 1.1 Introduction 3 -- 1.2 Objectives 3 -- 1.3 Activities and self-assessment questions 3 -- 1.4 The role of accounting 3 -- 1.5 Users of financial information 4 -- 1.6 Conflict between the user groups 9 -- 1.7 The usefulness of accounting information 10 -- 1.8 Accounting and human behaviour 11 -- 1.9 The costs of accounting information 12 -- 1.10 Access to accounting information 13 -- 1.11 Financial and management accounting 13 -- 1.12 Accounting in the private sector - profitability and viability 16 -- 1.13 General-purpose or specific-purpose reports? 17 -- 1.14 Types of business enterprise 18 -- 1.15 The major financial reports 20 -- 1.16 Desirable qualities of accounting information 24 -- 1.17 Sunimarv 28 -- Part Two Accounting Statements: Nature and Preparation -- 2 The balance sheet 33 -- 2.1 Introduction 33 -- 2.2 Objectives 33 -- 2.3 The nature and purpose of a balance sheet 33 -- 2.4 Other important conventions 41 -- 2.5 A detailed example 43 -- 2.6 Capital, revenue and expenses 45 -- 2.7 Types and classification of assets and liabilities 48 -- 2.8 Balance sheet formats 50 -- 2.9 Miscellaneous points on the balance sheet 52 -- 2.10 Summary 53 -- 3 The profit and loss account 56 -- 3.1 Introduction 56 -- 3.2 Objectives 56 -- 3.3 The nature and purpose of the profit and loss account 56 -- 3.4 Introduction to form and content of the profit and -- loss account 59 -- 3.5 The measurement of profit 63 -- 3.6 Practical implications of accruals accounting for the -- preparation of final accounts 70 -- 3.7 Form and content of profit and loss accounts 75 -- 3.8 Summary 78 -- 4 The measurement of profit - further issues 83 -- 4.1 Introduction 83 -- 4.2 Objectives 83 -- 4.3 Problems of applying the matching convention 83 -- 4.4 Measurement, problems - depreciation ' 84 -- 4.5 Measurement problems - stock valuation 99 -- 4.6 Measurement problems - debtors and bad or doubtful debts 105 -- 4.7 The conventions of accounting 110 -- 4.8 Practical accounting 115 -- 4.9 Summary 115 -- Part Three Accounting for Companies: The Regulatory Framework -- 5 An introduction to the accounts of limited companies 121 -- 5.1 Introduction 1 21 -- 5.2 Objectives 121 -- 5.3 Limited companies - importance and environment - -- an overview 121 -- 5.4 The nature of a limited company 122 -- 5.5 Ownership of companies 127 -- 5.6 Share capital 128 -- 5.7 Reser-N,es 135 -- 5.8 Transferring funds to shareholders 137 -- 5.9 Bonus shares 147 -- 5.10 Long-term loans 152 -- 5.11 Accounting for companies 153 -- 5.12 Summary 159 -- 6 The regulatory framework 167 -- 6.1 Introduction 167 -- 6.2 Objectives 167 -- 6.3 The regulatory framework 167 -- 6.4 The legislative framework 167 -- 6.5 Stock Exchange requirements 172 -- 6.6 Accounting standards 175 -- 6.7 Summary 181 -- Appendix I Corporations Regulations Part 2 formats for accounts 182 -- Appendix 2 Items which must be disclosed 195 -- Appendix 3 Australian accounting standards 187 -- 7 The accounts of groups of companies 189 -- 7.1 Introduction 189 -- 7.2 Objectives 189 -- 7.3 Shareholdings in other companies 189 -- 7.4 Reasons for the existence of groups 190 -- 7.5 The definition of a group 191) -- 7.6 Types of groups 193 -- 7.7 Group accounts: the legal framework -194 -- 7.8 Preparation of a set of group accounts 194 -- 7.9 The group balance sheet 195 -- 7.10 The group profit and loss account 205 -- 7.11 Disclosure in group accounts 211 -- 7.12 Associated companies 211 -- 7.13 Summary 216 -- Part Four The Analysis and Interpretation of Accounts -- 8 The cash flow statement 223 -- 8.1 Introduction 223 -- 8.2 Objectives 3 -- 8.3 Nature and purpose of the cash flow statement 223 -- 8.4 Relationship with other financial statements 225 -- 8.5 What is meant by 'cash"? 225 -- 8.6 The main elements of the cash flow statement 226 -- 8.7 The cash flow statement format 226 -- 8.8 Preparing the cash flow statement - a worked example 227 -- 8.9 Analysis of changes in cash and cash equivalents during -- the year 233 -- 8.10 Some further issues about preparing a cash flow statement 234 -- 8.11 Interpreting the cash flow statement 239 -- 8.12 Summary and conclusions 241 -- 9 The use of financial statements of planning and decision-making 246 -- 9.1 Introduction 246 -- 9.2 Objectives 246 -- 9.3 Financial statements as a basis for forecasting '-)46 -- 9.4 Probable information needed for forecast statements 252 -- 9.5 Using forecasts to help in decision-making 260 -- 9.6 The use of spreadsheets in financial planning 262 -- 9.7 Other uses of spreadsheets/relationship with other -- methods of appraisal 271 -- 9.9 Summary 272 -- 10The analysis of financial statements I 279 -- 10.1Introduction 279 -- 10.2 Objectives 279 -- 10.3 Financial ratios 279 -- 10.4 Standards of performance 280 -- 10.5 Ratio classification 281 -- 10.6 Liquidity ratios 283 -- 10.7 Gearing (leverage) ratios 285 -- 10.8 Activity (efficiency) ratios 290 -- 10.9 Profitability ratios 296 -- 10.10Trend analysis 300 -- 10.11The usefulness of financial ratios 302 -- 10.12 Summary 303 -- Appendix I Abacus Ltd 315 -- Appendix 2 Vortex Ltd 317 -- 11 The analysis of financial statements I] 319 -- 11.1 Introduction 319 -- 11.2 Objectives 319 -- 11.3 Return on investment 319 -- 11.4 Common-size financial statements 323 -- 11.5 Variability of earnings 328 -- 11.6 Investment ratios 329 -- 11.7 Financial distress prediction 336 -- 11.8 Financial ratios and vulnerability to takeover 338 -- 11.9 Summary 340 -- 12 The accounting framework and value measurement 351 -- 12.1 Introduction 351 -- 12.2 Objectives 351 -- 12.3 Derivation of the traditional framework 351 -- 12.4 A review of the conventions of accounting 352 -- 12.5 Towards a conceptual framework 363 -- 12.6 Problems in developing a conceptual framework 367 -- 12.7 Measurement of profit and the maintenance of capital 370 -- 12.8 Accounting for changing price levels in Australia 377 -- 12.9 Summary 379 -- Appendix Practical accounting 381 -- A.1 Introduction 381 -- A.2 Objectives 382 -- A.3 Ledger accounts - double-entry book--keeping 382 -- A.4 Computerized systems 391 -- A.5 Summary 393 -- Answer to self-assessment questions 395 -- Index 427 |
| Notes |
British ed. Oxford : Butterworth-Heinemann, 1994 |
|
Includes index |
| Audience |
Tertiary students |
| Subject |
Accounting -- Australia.
|
|
Accounting.
|
|
Financial statements.
|
| Author |
Atrill, Peter.
|
| LC no. |
97148460 |
| ISBN |
0750689420 |
|
