Accounting Theory and Practice

*PART 1: A Theoretical Framework *Scope of accounting *Accounting as an information system *The role of accounting theory *PART 2: Financial Accounting xxx The Historical Cost Approach Section 1: Financial accounting practice *Financial accounting statements *Financial accounting concepts *Financial accounting standards *The generation of financial accounting data *Data processing and double-entry bookkeeping Section 2: Periodic measurement *Double-entry bookkeeping and periodic measurements *Losses in asset values and periodic measurement *Preparing a profit and loss account and a balance sheet *Reporting recorded assets and liabilities Section 3: The application of financial accounting method to corporate enterprises *Companies: their nature and regulation *Published financial statements *Cash flow statements *Interpreting and comparing financial reports *Financial accounting for groups of companies *Understanding consolidated financial statements *PART 3: Financial Reporting xxx Alternative Valuation Approaches *Capital, value, income *Accounting and economic concepts of income and value *Accounting for changing prices *PART 4: Financial Reporting xxx Extending the Disclosure of Information *Reporting to investors *Reporting to employees *Social responsibility accounting *PART 5: Management Accounting Section 1: Framework *The processes of management *Traditional cost accounting *ABC and JIT Section 2: Managerial decision making *Cost-volume-profit analysis *Variable costing *Pricing *Short-run tactical decisions *Capital investment decisions Section 3: Planning and control *Budgeting for planning and control *Organizing for control *Standard costs and variance analysis *The control of managed costs *Behavioural aspects of performance evaluation *Strategic dimensions