This first New Zealand edition of Accounting: an introduction provides a solid introduction to financial and management accounting and finance for those needing to acquire an understanding of key concepts and their practical application in decision-making. The emphasis is on the application and interpretation of information for decision-making, and on the underlying concepts, rather than on the collection of data and the preparation of statements and reports. Aimed primarily at students who are studying accounting and finance as part of a university degree or MBA course, this text is designed specifically for the New Zealand market. The text incorporates New Zealand legislation and New Zealand equivalents to international accounting standards, and contains numerous real-world, New Zealand-specific examples. The Warehouse Group Limited's 2009 Annual Report is referred to frequently throughout the text.

Table of Contents

For students: How do I use this book? -- What else can I use with this book? -- For instructors: how do I teach with this book? -- 1. Introduction to accounting and finance -- 2. Different accounting entities -- 3. Measuring and reporting financial position -- 4. Measuring and reporting financial performance -- 5. Measuring and reporting cash flows -- 6. Analysis and interpretation of financial statements -- 7. Cost-volum--profit analysis and marginal analysis -- 8. Full costing -- 9. Budgeting --10. Projected financial statements --11. Capital investment decisions -- 12. Security and business valuations -- 13. The management of working capital -- 14. Financing the business -- 15. Trends and issues in accounting -- Solutions to self-assessment questions -- Glossary -- Index.