The best-selling decision-making introductory accounting text, Accounting: Business Reporting for Decision Making is now in its 5th Edition. This new edition, updated to reflect the most current topics in business sustainability, continues to cover the basic principles of business decision making using fundamental concepts and tools from the disciplines of financial accounting, management accounting and finance. Focused on the application and interpretation of typical business reports and how accounting information is used in business decision-making processes, the text emphasizes the conceptual and business applications of accounting and accounting information, providing clear explanations, applications, and supporting digital resources so students appreciate the significant role of accounting information in all business environments.
Accounting: Business Reporting for Decision Making 5th Edition continues to cover the basic principles of business decision making using fundamental concepts and tools from the disciplines of financial accounting, management accounting and finance. Focusing on how accounting information is used in business decision-making processes, the text provides clear explanations, applications, and supporting digital resources to help you appreciate the significant role of accounting information in all business environments.
This text comes with WileyPLUS, where you can access an online version of the textbook as well as a wealth of interactive iStudy resources. In addition, you can access a comprehensive collection of practice tests that will help you ace your exams. By offering varied questions and instantaneous feedback to your answers, WileyPLUS makes every study session successful.
Business sustainability content has been significantly revised and updated to reflect the current importance of the issue of sustainability.
A JB Hi-Fi Annual Report has been integrated and used to illustrate the key financial statements – income statement and statement of changes in equity, balance sheet and statement of cash flows.
iStudy (Interactive Study Guide) questions are now included in the text within the End-of-Chapter materials. Students can either choose to do these questions “on paper” or opt for the interactive question experience offered by the iStudy.
Jacqueline Birt is a senior lecturer in Accounting at the University of Queensland. Prior to the University of Queensland she held appointments at Monash University, the Australian National University, the University of Amsterdam and the University of Melbourne. Jacqueline’s teaching and research is in the area of financial accounting and her PhD focused on segment closures. She has published in journals such as the Australian Journal of Management, the Australian Accounting Review and Accounting Education.
Keryn Chalmers is a professor of accounting and deputy dean (external and international) in the Faculty of Business and Economics at Monash University. Prior to this, Keryn was head of the Department of Accounting and Finance at Monash University. During her academic career, she has been responsible for accounting-related curriculum development, quality assurance and delivery at the undergraduate and postgraduate level. Keryn is an active researcher in the financial accounting and financial reporting area.
Suzanne Maloney has worked in the accounting and finance field, both in practice and academia, for the past 15 years. Her current position is as a senior lecturer at the University of Southern Queensland. She works closely with professionals in practice and in 2002 was the Queensland State President of CPA Australia. Suzanne is the recipient of a number of awards including the Institute of Chartered Accountants Teaching Award and the CPA Australia Young CPA of the Year Award.
Judy Oliver joined Swinburne University in 2008 as a senior lecturer in accounting. Over the past 24 years, she has also held appointments at Victoria University and the University of Tasmania. Judy teaches first-year accounting and management accounting at both the undergraduate and postgraduate levels. Her research interests are in the area of management accounting control systems and corporate governance. She has published in journals such as the Australian Accounting Review, International Journal of Quality & Reliability Management and the Journal of Accounting & Organizational Change.
Table of contents
- 1. Introduction to accounting
- 2. Business sustainability
- 3. Business structures
- 4. Business transactions
- 5. Balance Sheet
- 6. Income Statement and statement of changes in equity
- 7. Statement of cash flows
- 8. Analysis and interpretation of financial reports
- 9. Budgeting
- 10. Cost-Volume-Profit analysis
- 11. Costing and pricing in an entity
- 12. Capital investment
- 13. Financing the business
- 14. Performance management