Accounting for Non-Accountants: A Manual for Managers and Students

by David Horner (Author), Graham Mott (Author), Graham Mott (Author), David Horner (Author)

• Used

  Paperback
  1999

  $4.56

  Praise and Reviews `Useful for managers with no prior knowledge of finance` ACCA STUDENT`S NEWSLETTER `a very user friendly introduction... recommended for those who need a non-technical overview` PROFESSIONAL MANAGER This fully revised and updated edition of a long-established practical handbook takes the reader through accounting and financial techniques in an easy-to-follow, progressive way. In this new, easy-to-read format, recent and developed concepts are introduced in a non-specialist context, intended to aid non-financial students as well as managers who need to know about finance and accounting in any business organization. Throughout the book, the author uses examples and self-check questions to test the reader's ongoing understanding. The three sections of the book explore: the annual accounts - profit and loss accounts, balance sheets, accounting ratios, cash flow, inflation accounting, value-added statements and the latest Financial Reporting Standards; management accounting - costing, cost-based pricing, marginal costing, standard costing and budgetary control; financial management - cost of capital, capital investment appraisal, control of working capital, share values, take-overs and management buy-outs, taxation and overseas transactions. Accounting for Non-Accountants is already widely used as an introductory text for business and management students on a variety of courses, including marketing and technical degrees, and particularly by those studying for a Diploma in Management Studies or the Certified Diploma in Accounting and Finance.

• Used

  Paperback
  1990

  $3.16

  This work is written primarily for non-specialist students or managers who need to know about the financial workings of a firm. The aim is to cut through as much jargon as possible and explain the various statements and techniques in a straightforward manner. There are three parts to the book. The first deals with the types of statement found in the annual report. These include profit and loss account, balance sheet, value added, sources and applications of funds, inflation adjustments and performance ratios. The next section of the book starts to look inward at the more detailed operations of the firm. All the statements in the annual report relate to the whole firm and its historic performance. Managers need to know about the costs of products and the running costs of their departments. Many decisions are based on an analysis of costs to determine the effects of changing the product mix, of closing down a department, of altering sales volume, whether to make or buy, to name but a few examples. All these decisions are based on the technique of marginal costing which uses the analysis of costs into fixed and variable categories. The final part deals with the techniques of financial management which concentrate on the efficient use of capital. This embraces both the capital structure of the firm and the manner in which capital is invested in the assets of the business. The efficiency with which a firm carries out these operations is reflected in the profit and loss account and ultimately the share price if a private sector company. Most of the book relates to any form of business organization, large and small, in both public and private sectors. Employees of nationalized industries will however find the chapters on share values and taxation largely irrelevant. That apart, the remaining chapters are as relevant to gas boards as they are to ICI or a local co-operative.