The fourth edition of Accounting: Understanding and Practice by Danny Leiwy and Robert Perks has been fully revised throughout and updated in accordance with the International Financial Reporting Standards. Ample practice illustrations and examples help present the subject in relation to a business world to which readers can easily relate.
Danny Leiwy teaches at the London School of Economics and Political Science, on the University of London's International Programme and City University, London. He is a Senior Teaching Fellow at the School of Oriental and African Studies (SOAS), University of London. Danny is currently in practice as a Chartered Accountant. He was a Principal Lecturer in Accounting and Tax at the University of Westminster for 30 years, teaching at both undergraduate and postgraduate level. Robert Perks formerly taught Accounting and Finance at the International Business School on the Isle of Man. Robert also held chairs at the following universities: Queen's University, Belfast, Middlesex University, Aberdeen University, Birkbeck College University of London and University of Westminster.
Part One: Introduction to Financial Accounting The statement of financial position (balance sheet) and what it tells us The income statement (profit and loss account) The development of financial reporting Ratios and interpretation: a straightforward introduction How the stock market assesses company performance Cash flow statements: understanding and preparation Advanced interpretation of company and group accounts Current issues in financial reporting Bookkeeping to trial balance Trial balance to final accounts Part Two: Financial Management Financing a business Management of working capital Part Three: Introduction to Management Accounting Introduction to management accounting Investment appraisal Budgetary planning and control Absorption costing Marginal costing and decision-making Standard costing and variance analysis Online material: Chapter: Incomplete records Appendix: Developments in management accounting