ABSTRACT

The 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 eighth edition has been thoroughly revised to ensure that the text and appendices are current. It includes up-to-date references of both international and UK accounting standards.

chapter |1 pages

Development of accounting

chapter |1 pages

‘A true and fair view’

chapter |1 pages

The accounting task

chapter |1 pages

Profit and loss account classification

chapter |1 pages

Cash flow statement

chapter |1 pages

Disclosure in annual reports

chapter |1 pages

Modern requirements

chapter |1 pages

Auditors’ report

chapter |9 pages

Summary

chapter |1 pages

Introduction

chapter |2 pages

Overview

chapter |2 pages

Pyramid of ratios

chapter |1 pages

Ratio calculation

chapter |2 pages

Performance ratios (profitability)

chapter |2 pages

Performance ratios (asset turnover)

chapter |1 pages

Standards for comparison

chapter |1 pages

The need for caution

chapter |1 pages

Different viewpoints

chapter |6 pages

Problems

chapter |1 pages

Introduction

chapter |1 pages

Ratio calculation

chapter |2 pages

Financial status ratios

chapter |2 pages

Stock market ratios

chapter |1 pages

Debt: short-term or long-term?

chapter |1 pages

Summary

chapter |6 pages

Problems

chapter |1 pages

Basic transactions and company accounts

chapter |5 pages

Impact of transactions on accounts

chapter |1 pages

Information flows

chapter |1 pages

Double-entry bookkeeping

chapter |1 pages

Stages in preparing published accounts

chapter |1 pages

Summary

chapter |16 pages

Problems

chapter |2 pages

Profit measurement

chapter |8 pages

Accrual accounting

chapter |2 pages

Treatment of expenditures

chapter |1 pages

Summary

chapter |8 pages

Problems

chapter |1 pages

Stock in accounts

chapter |2 pages

Trading stock

chapter |1 pages

Flow of goods assumptions

chapter |2 pages

Manufacturing stock

chapter |1 pages

Long-term contracts

chapter |1 pages

Summary

chapter |6 pages

Problems

chapter |1 pages

Capital expenditure

chapter |1 pages

Presentation in published accounts

chapter |1 pages

Depreciation

chapter |3 pages

Useful life and residual value

chapter |2 pages

Methods of depreciation

chapter |2 pages

Varying depreciation charges

chapter |1 pages

Leasing fixed assets

chapter |1 pages

Revaluing fixed assets

chapter |8 pages

Problems

chapter |1 pages

Capital employed

chapter |1 pages

Ordinary shareholders’ funds

chapter |2 pages

Issues of ordinary shares

chapter |1 pages

Loans 154

chapter |3 pages

Gearing

chapter |1 pages

Preference share capital

chapter |1 pages

Summary

chapter |12 pages

Problems

chapter |1 pages

Investments in equity

chapter |2 pages

Group accounts

chapter |1 pages

Inter-company transactions

chapter |1 pages

Acquisitions

chapter |1 pages

Goodwill and intangible assets

chapter |1 pages

Minority interests

chapter |3 pages

Mergers

chapter |1 pages

Non-consolidated subsidiaries

chapter |1 pages

Joint ventures

chapter |8 pages

Problems

chapter |1 pages

Total taxation

chapter |1 pages

Other taxes

chapter |1 pages

Adjustments to accounting profits

chapter |2 pages

Deferred tax

chapter |1 pages

Summary

chapter |6 pages

Problems

chapter |1 pages

Why profit and cash may differ

chapter |1 pages

Cash flow statements

chapter |1 pages

Alternative formats

chapter |1 pages

Interpreting Tesco’s cash flows

chapter |1 pages

Key aspects of cash flow

chapter |2 pages

Deriving a cash flow statement

chapter |1 pages

Summary

chapter |12 pages

Problems

chapter |1 pages

Context

chapter |1 pages

UK/US balance sheet formats

chapter |1 pages

UK versus international accounting

chapter |1 pages

Multinationals

chapter |2 pages

Foreign currency translation

chapter |1 pages

Summary

chapter |8 pages

Problems

chapter |1 pages

Background

chapter |1 pages

Measuring the rate of inflation

chapter |2 pages

Current cost accounting (CCA)

chapter |1 pages

Summary

chapter |4 pages

Problems

chapter |1 pages

Introduction

chapter |2 pages

Financial analysis and economic reality

chapter |1 pages

Disclosure and accounting conventions

chapter |15 pages

Analysis of Tesco’s 2004 accounts

chapter |1 pages

Summary

chapter 1|1 pages

Synonyms

chapter 2|1 pages

Acronyms and abbreviations

chapter 3|1 pages

UK and international accounting standards

chapter 6|1 pages

Bibliography

chapter 7|8 pages

Analysis forms (to photocopy)