Accounting: A Very Short Introduction by Christopher Nobes

By Christopher Nobes

In case you learn the 'business pages' of a newspaper or for those who take heed to the monetary information at the tv or radio, you are going to frequently listen phrases akin to 'liability', 'balance sheet' or 'earnings'. those phrases occur in non-financial contexts in addition: 'he was once extra of a legal responsibility than an asset'. when you put money into stocks, have a construction society account, or sit down on a committee of the valuables corporation which owns your condo block, you'll obtain monetary statements each year. while you're a supervisor in a firm, a medical institution or a college, you will discover accounting info often.

This Very brief advent presents a consultant to figuring out and utilizing accounting details. Christopher Nobes explains the most components of accounting paintings, from bookkeeping and fiscal reporting to auditing and administration accounting.

Show description

Read Online or Download Accounting: A Very Short Introduction PDF

Best accounting books

Advances in Management Accounting, Volume 14

Advances in administration Accounting (AIMA) publishes well-developed articles on numerous present subject matters in administration accounting which are correct to researchers in either perform and academe. As one of many best administration accounting learn journals, AIMA is definitely poised to satisfy the desires of administration accounting students.

SalonOvations Tax and Financial Primer (S Business Series)

This is often the perfect "how-to" e-book for salon proprietors making plans the monetary progress in their companies.

The Routledge Companion to Auditing

Auditing has been an issue of a few controversy, and there were repeated makes an attempt at reforming its perform globally. This accomplished significant other surveys the nation of the self-discipline, together with rising and state of the art developments. It covers an important and arguable matters, together with auditing ethics, auditor independence, social and environmental accounting in addition to the way forward for the sphere.

Accounting and Auditing Research and Databases. Practitioner's Desk Reference

The easy-to-use, selfmade table accounting and auditing study databaseFASB's on-line GAAP Codification process. The convergence of U. S. GAAP and foreign monetary Reporting criteria. EDGAR submitting and study process. RIA Checkpoint and CCH. Accounting execs and practitioners have to comprehend those learn databases to arrive suggestions and attain greatest effects for the association.

Extra resources for Accounting: A Very Short Introduction

Sample text

Judging performance retrospectively). People drawing up financial statements will sometimes have to make accounting choices that will engender trade-offs between both of these qualities. There are a number of issues we can draw from the analysis of financial information contained in the conceptual framework. The financial statements should depict economic phenomena, but they should do so irrespective of the legal form. Another way to put this is that substance takes precedence over form in reporting under IFRS.

The hospital is in effect treated as a current year expense and does not appear on any kind of government ‘balance sheet’ as an asset. In the 1990s the desire for performance evaluation measures in the public sector caused a number of countries, led by New Zealand, to move towards private sector techniques where long-lived purchases remain on the books, and where ‘revenues’ are determined or, to put it another way, outputs are assigned financial values, so that the efficiency of the use of resources can be measured.

These are comparability, verifiability, timeliness and understandability. There is a conundrum in accounting which is that the most reliable information (meaning information that is not subject to uncertainty) is necessarily old information, since all the facts can be established incontrovertibly only after the elapse of some time. Of this, the most relevant information is that which concerns the immediate past because we use it to understand what we need to improve or change in managing the future.

Download PDF sample

Rated 4.80 of 5 – based on 27 votes