Principles of Accounting 4ed
Principles of Accounting introduces students to the general principles and concepts of accounting, including budgeting and analysis and interpretation of financial reports. It has been written for first-year accountancy students studying for the New Zealand Diploma in Business and closely follows the prescription for 400 Accounting Principles. It also meets the introductory accounting requirements for the New Zealand Institute of Management Diploma in Management and Advanced Diploma in Management, and the Australasian Institute of Banking and Finance Diploma. For the 4th edition, content has been comprehensively updated to reflect recent changes in New Zealand accounting standards and includes the latest examples from New Zealand companies to illustrate the concepts being taught. This very readable book is ideal both for students needing to understand financial statements in order to make business decisions but not intending to become accountants, and for those who will further their studies in accounting and require a solid grounding in the underlying concepts and methods. Principles of Accounting presents in a clear and approachable format, and in the context of running a business: fundamental accounting concepts; methods by which accounting events are measured; the various uses of accounting information. This book helps to demystify the science of accounting, giving an understanding of how financial statements are put together and what they mean.
Introduction -- The business environment -- The New Zealand Framework for the Preparation and Presentation of Financial Statements -- The accounting process -- The Balance Sheet (Statement of Financial Position) -- Income Statement and Statement of Changes in Equity -- The Cash Flow Statement -- Non-cash impacts on financial statements -- Business planning and budgeting -- Analysis and interpretation of financial statements.