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Accounting and Finance for Non-Specialists

Peter Atrill and Eddie McLaney (6th ed 2008, originally 1995)

Why Read It?

· · · Teaches the basics of accounting and finance, with each chapter including a summary, glossary, and exercises (with answers at the end of the book). Taking a practical and non-technical approach, it uses tables, graphs, and source material to illustrate key points. All essential terms are explained to ensure the reader can use the book as an introduction and quick reference guide.

Getting Started

This is a textbook primarily aimed at those studying introductory level accounting and finance as part of a course, and, for those with a little knowledge, looking for a reference. It may also be used by employees wanting to gain a better understanding of the role accounting and finance plays in the business world. The book shows the reader how to compile cash flows, profit and loss accounts, and vertical balance sheets.

Authors

Peter Atrill is a freelance academic and author working with leading institutions in the United Kingdom, Europe, and South East Asia. He was previously Head of Business and Management at the University of Plymouth Business School. Eddie McLaney is a Visiting Fellow in Accounting and Finance at the University of Plymouth Business School.

Context

· · · · Places the concept of accounting and finance in a business context, allowing the reader to see practical reasons for learning the subject. Provides a thorough guide for those with no prior knowledge or understanding of the subject. Prepares the ground for increased learning and more in-depth study. There is a companion website for the book that contains further learning material, as well as the answers to the Review Questions from each chapter.

Impact

· · · · This is a teaching text aimed at introducing beginners to the wider world of accounting and finance. Explains the importance of accounting and finance within a company, and the information they bring to decision-making at all levels. Includes self-assessment sections and activities within each chapter to allow practical learning. Can be used as a reference text for non-accounting and finance people as a means of understanding how a company works, and how budgets and reports are used.

Quotations

"When you become a manager, even a junior one, it is almost certain that you will have to use financial reports to help you carry out your management tasks."

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"...you need a bit of `street wisdom' in accounting and finance in order to succeed. This accounting and finance book is aimed at giving you just that." "Another way of viewing accounting is as part of the total information system within a business."

More Info

Books:

· Black, Geoff. Introduction to Accounting and Finance. 2nd ed. Harlow, UK: FT Prentice Hall, 2005. Aimed at beginners and those with some previous experience, it uses self-assessment techniques, and is often used as a set text in business management courses. Wood, Frank, and Alan Sangster. Business Accounting: v.1. 9th ed. Harlow, UK: FT Prentice Hall, 2002, and Wood, Frank, and Alan Sangster. Business Accounting: v.2. 10th ed. Harlow, UK: FT Prentice Hall, 2005. Bestselling textbooks aimed at new students, the second version building on the content of the first, explaining the basics of financial accounting.

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See Also

Information Sources · Accounting

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