Financial Accounting and Reporting for Non-Accounting Students: How to Interpret Financial Statements and Appraise Company Performance

  • 6h 24m
  • Stephen M. Frost
  • Kogan Page
  • 2024

This textbook introduces the essential principles of financial accounting to non-accounting students, written for an international audience with global case studies and a suite of learning features.

Using terminology which is compliant with International Financial Reporting Standards (IFRS), Financial Accounting and Reporting for Non-Accounting Students covers topics such as the statement of financial position, profit and loss statements, non-current assets, inventory valuation and the statement of cashflows. It also provides a roadmap for performance appraisal and presents the subjective nature of financial accounting and the impact of bias in financial reporting.

Real-world case studies from Huawei, Ryanair and Greggs illustrate the principles discussed in the book and a fictional performance appraisal case study demonstrates how financial metrics can be applied to analyse the effects of new entrants on an incumbent's operating performance. With over 300 multiple-choice questions, 44 extended problems and more than 90 questions to enable deep learning in the fundamental aspects of this core business subject, Financial Accounting and Reporting for Non-Accountings Studentsis a key textbook for undergraduate and postgraduate students taking modules on financial accounting and reporting or introductory modules in accounting.

About the Author

Stephen Frost is Programme Director of the MSc Corporate Finance, MSc Finance and MSc Finance and Investment at Loughborough University. He teaches a wide range of courses at undergraduate and postgraduate levels, including Financial Reporting and Performance Appraisal.

In this Book

  • Walkthrough of Features
  • Introduction
  • Introduction to Financial Accounting
  • The Statement of Financial Position
  • The Statement of Profit and Loss
  • Non-Current Assets
  • Inventory Valuation
  • The Statement of Cash Flows
  • Performance Appraisal: Analysing Operating Profitability
  • Performance Appraisal: Investor Returns and Operating Assets
  • Financial Reporting Issues
  • Glossary
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