"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."--Provided by publisher.
Formatted Contents Note
chapter Development of accounting chapter 'A true and fair view' chapter The accounting task chapter Profit and loss account and balance sheet chapter Profit and loss account classification chapter Cash flow statement chapter Disclosure in annual reports chapter Modern requirements chapter Auditors' report chapter Summary chapter Introduction chapter Overview chapter Pyramid of ratios chapter Ratio calculation chapter Performance ratios (profitability) chapter Performance ratios (asset turnover) chapter Standards for comparison chapter Comparing different companies' results chapter The need for caution chapter Different viewpoints chapter Problems chapter Introduction chapter Ratio calculation chapter Financial status ratios chapter Stock market ratios chapter Debt: short-term or long-term? chapter Summary chapter Problems chapter Basic transactions and company accounts chapter Impact of transactions on accounts chapter Balance sheet changes: columnar analysis chapter Books of account: cash and ledger accounts chapter The accounting records and double-entry bookkeeping chapter Information flows chapter Double-entry bookkeeping chapter Stages in preparing published accounts chapter Summary chapter Problems chapter Profit measurement chapter Accrual accounting chapter Measuring and recognizing sales revenue (turnover) chapter Treatment of expenditures chapter More complex aspects of measuring profit chapter Summary chapter Problems chapter Stock in accounts chapter Trading stock chapter Flow of goods assumptions chapter Manufacturing stock chapter Long-term contracts chapter Summary chapter Problems chapter Capital expenditure chapter Presentation in published accounts chapter Depreciation chapter Useful life and residual value chapter Methods of depreciation chapter Varying depreciation charges chapter Leasing fixed assets chapter Revaluing fixed assets chapter Problems chapter Capital employed chapter Ordinary shareholders' funds chapter Issues of ordinary shares chapter Loans 154 / Gearing chapter Gearing chapter Preference share capital chapter Summary chapter Problems chapter Investments in equity chapter Group accounts chapter Inter-company transactions chapter Acquisitions chapter Goodwill and intangible assets chapter Minority interests chapter Mergers chapter Non-consolidated subsidiaries chapter Joint ventures chapter Problems chapter Total taxation chapter Other taxes chapter Adjustments to accounting profits chapter Deferred tax chapter Summary chapter Problems chapter Why profit and cash may differ chapter Cash flow statements chapter Alternative formats chapter Interpreting Tesco's cash flows chapter Key aspects of cash flow chapter deriving a cash flow statement chapter Summary chapter Problems chapter Context chapter UK/US balance sheet formats chapter Differences in UK/US accounting practices chapter UK versus international accounting chapter Multinationals chapter Foreign currency translation chapter Summary chapter Problems chapter Background chapter Problems with historical money cost accounts chapter Measuring the rate of inflation chapter Constant purchasing power (CPP) accounting chapter Current cost accounting (CCA) chapter Summary chapter Problems chapter Introduction chapter Accounting matters requiring special attention chapter Financial analysis and economic reality chapter Disclosure and accounting conventions chapter Analysis of Tesco's 2004 accounts chapter Summary chapter 1 Synonyms chapter 2 Acronyms and abbreviations chapter 3 UK and international accounting standards chapter 4 UK Retail Prices Index A. Post-war series B. Annual averages 1960-2004 chapter 5 Companies Act 1985, Schedule 4 (abbreviated) Balance sheet formats Profit and loss account formats / General rules chapter 6 Bibliography chapter 7 Analysis forms (to photocopy).