Magazine article Teaching Business & Economics

Accounting for Non Accountants: A Manual for Managers and Students

Magazine article Teaching Business & Economics

Accounting for Non Accountants: A Manual for Managers and Students

Article excerpt

Accounting for Non Accountants: a manual for managers and students Graham Mott (2005) 6th Edition. Kogan Page ISBN 0-7494-4416-9 344 pages. Price: £18.99

The title of this book sets out its target market: managers and students.

CONTENT

The workbook is divided into three sections:

* the annual accounts: the profit and loss account, the balance sheet and cash flow statements; also inflation, value added and ratio and performance analysis

* management accounting: cost accounting, including absorption, marginal and standard costing as well as budgetary control

* financial management: the cost of capital, capital investment appraisal, working capital management, the valuation of shares, mergers and acquisitions, company taxation and overseas transactions

Each chapter comprises a traditional development of its material and then concludes with a further reading list and a few self check questions.

There are eight appendices covering financial reporting standards as at the end of December 2004, abbreviations, a glossary of terms, compound interest factors of £1, present value and cumulative present factors of £1, answers and further questions.

The only real problem here for anyone working with the accounting standards is that there is no list in Appendix 1 of the Statements of Standard Accounting Practice (SSAPs) that are still in force: there are 11 at the time of writing.

FORMAT/STYLE

Mott's style is not unfriendly and I can imagine both managers and students alike being happy with the way he talks to them.

A section typically begins with a discussion or the development of a tide followed by an example or diagram or financial statement. …

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