Includes bibliographical references.

"This custom edition ebook is published for the University of Wollongong. It is compiled from the following texts: Accounting for non-specialists, Atrill, P, McLaney, E, & Harvey, D, 7th edition, 2018. Financial management: principles and applications, Titman, S, Martin, T, Keown, AJ, & Martin, JD, 7th Edition, 2016."

ACCOUNTING AND FINANCIAL MANAGEMENT; Title Page; Copyright Page; Table of Contents; HOW TO USE THIS CUSTOM BOOK; 1. Introduction to Accounting and Financial Management; LEARNING OBJECTIVES; NATURE AND ROLE OF ACCOUNTING; Accounting as a service function; Costs and benefits of accounting information; Accounting as an information system; USERS OF ACCOUNTING INFORMATION; FINANCIAL AND MANAGEMENT ACCOUNTING; WHAT IS THE FINANCIAL OBJECTIVE OF A BUSINESS?; Stakeholder theory; Balancing risk and return; THE MAIN FINANCIAL REPORTS#́x80;#x94;AN OVERVIEW; Financial accounting; Management accounting BUSINESS AND ACCOUNTINGWhat kinds of business ownership exist?; How are businesses managed?; Not-for-profit organisations; THE CHANGING FACE OF BUSINESS AND ACCOUNTING; Ethics and ethical behaviour in business; HOW USEFUL IS ACCOUNTING INFORMATION?; Why do I need to know anything about accounting and finance?; SUMMARY; DISCUSSION QUESTIONS; SOLUTIONS TO ACTIVITIES; 1.3 The goal of the financial manager; Maximising shareholder wealth; Ethical considerations in corporate finance; 1.4 The five basic principles of finance; Principle 1: Money has a time value Principle 2: There is a risk#́x80;#x93;return trade-offPrinciple 3: Cash flows are the source of value; Principle 4: Market prices reflect information; Principle 5: Individuals respond to incentives; CHAPTER SUMMARY; STUDY QUESTIONS; ENDNOTES; 2. Understanding financial statements, taxes and cash flows; CHAPTER OUTLINE; 3.1 An overview of the firm#́x80;#x99;s financial statements; Basic financial statements; Why study financial statements?; What are the accounting principles used to prepare financial statements?; 3.2 The income statement; Income statement of H. J. Boswell Ltd Connecting the income statement and balance sheetInterpreting firm profitability using the income statement; IFRS and earnings management; 3.3 Corporate tax and dividend imputation; Computing taxable income and company tax payable; Dividend imputation; 3.4 The balance sheet; The balance sheet of H. J. Boswell Ltd; Firm liquidity and net working capital; Debt and equity financing; Book values, historical costs and market values; 3.5 The cash flow statement; Sources and uses of cash; H. J. Boswell#́x80;#x99;s cash flow statement; CHAPTER SUMMARY; STUDY QUESTIONS; STUDY PROBLEMS; ENDNOTES 3. Analysing financial statementsCHAPTER OUTLINE; 4.1 Why do we analyse financial statements?; 4.2 Common-size statements: Standardising financial information; The common-size income statement: H. J. Boswell Ltd; The common-size balance sheet: H. J. Boswell Ltd; 4.3 Using financial ratios; Liquidity ratios; Capital structure ratios; Asset management efficiency ratios; Profitability ratios; Market value ratios; Summing up the financial analysis of H. J. Boswell Ltd; 4.4 Selecting a performance benchmark; Trend analysis; Peer-firm comparisons; 4.5 Limitations of ratio analysis; CHAPTER SUMMARY.

"This custom edition book is published for the University of Wollongong. It is compiled from the following texts: Financial Management: Principles and Applications, 7th Edition Accounting for Non-Specialists, 7th edition The full text downloaded to your computer With eBooks you can: search for key concepts, words and phrases make highlights and notes as you study share your notes with friends eBooks are downloaded to your computer and accessible either offline through the Bookshelf (available as a free download), available online and also via the iPad and Android apps. Upon purchase, you will receive via email the code and instructions on how to access this product. Time limit The eBooks products do not have an expiry date. You will continue to access your digital ebook products whilst you have your Bookshelf installed."--Publisher.

ACCY801