The Meaning of Company Accounts first appeared in 1971 and quickly achieved recognition among managers, financial and non-financial alike. It is now seen as the standard text in the subject. It aims to help anyone using company accounts to gain a firm grasp of what they mean and how they relate to business activities. Throughout the book, ideas are developed in a logical, structured sequence, involving a high degree of reader participation, while at the same time being extremely flexible. The workbook approach, including examples to be worked through, enables readers to achieve understanding of topics they may previously have found difficult. This eighth edition has been thoroughly revised to ensure that the text and appendices are current. It includes up-to-date references of both international and UK accounting standards.
Table of Contents
Contents: Background and structure; Analyzing performance; Financial and stock market ratios; Recording business transactions; Measuring profit or loss; Valuing stock; Fixed assets and depreciation; Capital structure; Group accounts; Company taxation; Cash flow statements; International accounting; Inflation accounting; Interpreting company accounts; Appendices; Solutions; Index.
Walter Reid was Professor of Financial Control at the London Business School from 1973 to 1988. He was subsequently Chairman of Management Development Associates Limited (MDA), a management training consultancy with a primary focus on financial management. D.R. Myddelton has been Professor of Finance and Accounting at the Cranfield School of Management since 1972. He has written books on tax reform, inflation accounting and accounting standards and textbooks on accounting, economics, and financial management. He is Chairman of the Trustees of the Institute of Economic Affairs.
'...this excellent workbook will be of use to company executives having no training in accounting. It will also provide excellent support for anyone undertaking formal study in accounting.' Economic Outlook and Business Review Reviews from seventh edition: 'The text flows naturally and questions are dropped in tactfully, so that you gently find yourself becoming more perceptive (answers are on the same page or next, so no fumbling to the back of the book to find them)...Anyone who enjoys accounts will find this book irresistible.' Accounting Technician 'This latest edition of a very relevant and useful book is most welcome...The text is well structured and logical in its development of the subject. Any study of the meaning of company accounts is generally an arduous and time-consuming task but this book achieves a right balance between basic and detailed material and also between the practical and theoretical aspects of the subject ...A decidedly "user-friendly" text well worth a place in any company library or on the book shelf of any student.' Company Accountant '...this is a readable, user-friendly book which, with its workbook approach, would benefit financial and non-financial managers and readers unfamiliar with financial issues.' Chartered Secretary