Learn the fundamentals of financial accounting and performance appraisal with this accessible, internationally focused textbook written specifically for non-accounting students.
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 statement, 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 examples from Britvic, Greggs. Huawei, Hugo Boss, Manchester United and Ryanair illustrate the principles discussed in the book. With over 300 multiple-choice questions, 71 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 Students is a key textbook for undergraduate and postgraduate students taking modules on financial accounting and reporting or introductory modules in accounting.
Introduces the basic principles of financial accounting, reporting and performance appraisal in an engaging and accessible way
Written for an international audience using terminology which is compliant with International Financial Reporting Standards (IFRS)
Includes a range of in-text features such as in-text definitions, worked examples, multiple-choice questions, extended problems and learning quizzes. The full suite of answers can be downloaded alongside the online resources.
Features case studies including Huawei and Ryanair and a fictional case study presented throughout the chapters
Online resources: lecture slides, bank of 250 self-test questions, short video tutorials, interactive balance sheets and accompanying questions
Stephen M. Frost
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. He joined Loughborough University in 2013 after a career in investment banking and consultancy, which included roles as Regional Head of Research into Financial Institutions at HSBC Securities and UBS Securities.
budgeting record keeping financial accounting concepts accounting standards business costing capital management accounting ratios cash flow statements inventory valuation asset values
"A clear and easy-to-read introduction to financial accounting and reporting. It is well-structured and guides the reader through each chapter with the use of examples, questions and learning quizzes. A great book for both accounting and non-accounting students."
()
"Financial Accounting and Reporting for Non-Accounting Students is written in a language that is accessible to those who do not aim to become professional accountants or analysts. It is rich in real-life examples, illustrating the main accounting concepts that underpin the preparation of financial statements. It also provides ample opportunity for readers to practice and enhance their understanding. I commend this book to everyone who wishes to understand what financial statements are for in a simple straightforward manner."
()
"Financial Accounting and Reporting for Non-Accounting Students is an accessible, hands-on textbook that demystifies the world of accounting for undergraduate and postgraduate students who are not specialists, but who need to know how accounting works in practice. With a wealth of practical examples, real-world cases and a friendly tone, this book renders financial accounting not only understandable but engaging. Through clear explanations and absence of technical jargon, Stephen Frost ensures that the reader gains the knowledge and confidence needed to interpret financial statements, understand financial reporting and make informed judgments about financial performance."
()
"This is an excellent book on Financial Accounting and Reporting for non-accounting business and management students. Stephen Frost perfectly succeeds in streamlining complex financial accounting topics and delivering them in a simple language with various real-life case studies and a multitude of numerical and illustrative examples. Highly recommended for both undergraduate and postgraduate students."
()
"This book provides an excellent resource for students without a specialised background who seek a clear and comprehensive understanding of accounting. The comprehensiveness of the content, coupled with the practical approach, sets this accounting textbook apart. It is truly a pleasure to recommend this outstanding textbook to anyone embarking on their accounting journey."
()
"Comprehensive, easy to read, and a very useful textbook for students."
()