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Accounting for Non-Accountants
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Accounting and finance have a language of their own with a variety of statements and techniques that can mystify non-accounting colleagues. This new edition, like its predecessors, is written primarily for those non-financial students and managers who need to know about finance and accounting in any organization. The aim is to cut through as much of the jargon as possible and explain the various statements and tech- niques in a straightforward manner that requires no prior training.
This sixth edition is being updated after a period of public debate as to the manner in which a firm’s financial affairs are reported. A number of company failures and alleged wrongdoings among large companies, such as Enron, Parmalat, Hollinger and Royal Dutch Shell, have posed various questions about the reliability of published accounts. In the early 1990s, many well-known companies were putting the best face on their financial performance by the use of what is called creative accounting.
From the mid-1990s the Accounting Standards Board introduced Financial Reporting Standards (FRSs), which have made great inroads into this practice. It will take some time before all contentious areas are covered, but we now have 21 new standards relating to the profit and loss account, the balance sheet, the cash flow statement, and a number of specific items disclosed therein.
There are three parts to this book. The first part deals with the types of statement found in the annual report and their interpretation. These include profit and loss account, balance sheet, cash flow, inflation adjustments and performance measures.
Graham Mott - Personal Name
1st Edtion
0 7494 4416 9
NONE
Accounting for Non-Accountants
Management
English
Kogan Page Limited
2005
USA
1-353
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