Basic Accounting for Non-accountants

Accounting is a system of gathering, analysing, recording, reporting and interpreting financial information that will assist in making informed business decisions. The accounting discipline is constantly changing in response to the external environ-ment, and is both stimulating and far-reaching. Basic accounting for non-accountants is an introductory text that covers aspects of financial accounting, cost and management accounting and financial management. Basic accounting for non-accountants includes comprehensive illustrative examples that are easy to understand. All chap-ters have been updated and additional tutorial questions have been provided to give students sufficient practice to rein-force their newly acquired knowledge. This third edition also covers a new topic – capital budgeting. Contents include the following: Drawing up basic financial statements Interpreting financial statements using ratio analysis Calculating the cost of products Preparing budgets Short-term decision making Variance analysis Time value of money Capital budgeting Basic accounting for non-accountants is aimed at students with little or no prior accounting background and can be used as a theoretical basis for the advancement of their lifelong learning.