Pauline Weetman Books

The 9th edition of this essential resource for Financial and Management Accounting courses offers a comprehensive exploration of key concepts through various activities and real-world case studies. It encourages students to examine management accounting issues from multiple perspectives. The content is organized into several parts, starting with Corporate Reporting, which covers the annual report, users' information needs, and the accounting equation. It then delves into reading and interpreting company reports, including published financial statements and ratio analysis. The book also addresses the reporting of business transactions, providing insights into accounting for service and trading businesses. Recognition in financial statements is discussed, focusing on non-current and current assets, liabilities, and ownership interests. Management accounting fundamentals are introduced, detailing functions, cost classifications, and product costs. Topics such as job costing, break-even analysis, and short-term decision-making are explored, along with budgeting, standard costs, and performance evaluation. Capital investment appraisal and its relationship with business strategy are also examined. The text includes definitions of financial and management accounting terms, along with appendices that feature information from actual annual reports and solutions to technical questions. This edition serves as a vital guide for st