Includes index.

Machine generated contents note: pt. One Financial Accounting
1.The Cash Budget
Sam has a Smart idea
Why should managers understand accounting?
The cash budget
Accounting concepts
Timings of receipts and payments
Calculation of the gross profit and gross profit margin
True or false?
Practice questions
2.Introduction to the Statement of Profit or Loss
The business starts trading
When are sales and purchases made?
Measuring profit
Double-entry bookkeeping
Types of account
The trial balance
Capital versus revenue expenditure
Capital versus revenue income
The statement of profit or loss
Calculating the cost of sales
Preparing the statement of profit or loss
3.Balancing the Basics
Getting a `snapshot' of Smart Sports
Assets and liabilities
The statement of financial position
Accruals and prepayments
Contents note continued: 4.Accounting for Depreciation and Bad Debts
Smart Sports is called to account
What is depreciation?
The straight-line method
The reducing-balance method
Disposals of non-current assets
Bad and doubtful debts
Uses and limitations of the statement of financial position
5.Company Finance
Growing the business
The nature of limited companies
Share capital
The stock exchange
Venture capital
Loan capital and debentures
Retained profits
Reporting requirements
6.Company Accounts
Smart Sports turns corporate
The statement of changes in equity
Intangible assets
Revaluing assets
The statement of comprehensive income
Corporate governance
7.The Statement of Cash Flows
Where has all the cash gone?
Contents note continued: The statement of cash flows
Sources of cash flow
Non-current assets and the statement of cash flows
Movements in working capital
Tax, interest, and dividends
What to look for in a statement of cash flows
Managing cash
8.Interpreting Financial Statements
Exploring India
Ratio analysis
The pyramid of ratios
Profitability ratios
Liquidity ratios
Control of working capital
The working capital cycle
9.Capital Structure and Investment Ratios
Sam gears up
Capital structure
Investment ratios
Limitations of ratio analysis
Case Study: Financial Accounting
Fevertree Drinks plc
pt. Two Management Accounting
10.Costs and Break-even Analysis
Smart Sports goes into production
Management accounting
Fixed and variable costs
Contribution
Break-even analysis
Contents note continued: The margin of safety
Interpreting break-even analysis
Assumptions underlying break-even analysis
11.Absorption and Activity-based Costing
Sam's cost conundrum
Direct and indirect costs
Absorption costing
Calculating a blanket rate
Over and under recovery
Calculating a departmental rate to fully cost the product
Activity-based costing
12.Budgeting
Sam mates a Smart plan
The advantages of budgets
The process of budgeting
Preparation of a budget
Problems of budgeting
Budgets to monitor performance and flexible budgeting
Variance analysis
Questioning assumptions
13.Pricing and Costs
Can Smart Sports compete?
Using cost information to price your product
Discounts and distribution margins
Choosing the appropriate costing method
Pricing and product strategy
Contents note continued: Optimum pricing
Target costing
Life-cycle costing
Transfer pricing
14.Short-term Decision Making
Decision time
What are relevant revenues and costs?
Make or buy decisions
Limiting factors
Upgrading equipment
Closure of sites or discontinuing products
15.Investment Appraisal Techniques
Smart4sport.com
Investmentappraisal techniques
Accounting rate of return
Payback period
Net present value
Discounting to present value
Internal rate of return
16.Measuring and Reporting Performance
Smart success
Performance measurement: strategy and objectives
Financial and non-financial performance measurement
Key performance measures
Benchmarking
The balanced scorecard
Customer profitability analysis
Integrated reporting
Environmental accounting and carbon reporting
Contents note continued: Corporate governance
Ethics
Case Study: Management Accounting
Orchid Products
pt. Three Double-entry Bookkeeping
17.Double-entry Bookkeeping I
Recording Sam's business transactions
The accounting equation
Debits and credits
Balancing off accounts
Preparation of the trial balance
Preparing the financial statements
The statement of profit or loss as a T-account
18.Double-entry Bookkeeping II
Sam makes his adjustments
Double-entry bookkeeping for adjusting entries
Accounting for gains and losses on the sale of non-current assets
Accounting for inventory
Adjusting the trial balance
Wider Reading
Answers to Demonstration Exercises and Practice Questions.

Engaging and lively, clear and practical, this is the most applied accounting for non-specialists book whose fully integrated case study emphasises [sic] the relevance of accounting to the world of business.