Financial Accounting, 12th Edition

Preface xii

1. Decision making and the role of accounting 1

2. Financial statements for decision making 59

3. Recording transactions 93

4. Adjusting the accounts and preparing financial statements 147

5. Completing the accounting cycle — closing and reversing entries 197

6. Accounting for retailing 245

7. Accounting systems 289

8. Partnerships: formation, operation and reporting 341

9. Companies: formation and operations 371

10. Regulation and the Conceptual Framework 413

11. Cash management and control 441

12. Receivables 481

13. Inventories 509

14. Non‐current assets: acquisition and depreciation 549

15. Non-current assets: revaluation, disposal and other aspects 577

16. Liabilities 609

17. Presentation of financial statements 645

18. Statement of cash flows 677

19. Analysis and interpretation of financial statements 743

Appendix 793

Index 849