An introduction to the fundamentals of accounting and how it is used that will help students apply accounting as a usable, everyday business tool. It adopts an intuitive, informal approach to describe basic principles - what they are, why they exist and how they are used - to help students see the connections between different parts of accounting and the rest of the business world. Written by an award-winning teacher and former management accountant, it encourages students to engage with the material by using questions and worked examples to test knowledge and understanding as they read. It includes a glossary of financial terms that is a useful guide to the language of business. Part of the Cambridge Short Introductions series of concise, authoritative guides to core subjects in business and management.
Richard Barker is Senior Lecturer in Accounting at the Judge Business School, University of Cambridge, and Visiting Professor in Accounting at the Said Business School, University of Oxford. In 2013, Richard Barker was named 'Most Acclaimed Lecturer in the Social Sciences' by Oxford University Student Union. He had previously achieved an unprecedented double in 2011, being awarded teaching prizes at the business schools of Oxford and Cambridge Universities in the same year. He is also a recipient of the Pilkington Teaching Prize at Cambridge, which is awarded 'in recognition of excellence in teaching'.
List of figures; List of tables; Introduction; Part I: Introduction to Part I; 1. A guided tour of the financial statements; 2. The need for financial information; 3. Keeping track of economic activity; 4. Summary of the foundations of accounting; Part II: Introduction to Part II; 5. The accounts as a lens on growth; 6. Measuring value creation; 7. Understanding risk; 8. Building a corporate valuation model; Appendix I. Glossary of accounting terms; Appendix II. Further reading; Index.