April 2013
Beginner
764 pages
21h 13m
English
Content preview from Accounting, 3rd Edition
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Chapter 1
Introduction to accounting
‘One way to cheat death is to become an accountant, it seems. The Norfolk accountancy firm W.R. Kewley announces on its website that it was “originally established in 1982 with 2 partners, one of whom died in 1993. After a short break he re-established in 1997, offering a personal service throughout.” He was, feedback presumes, dead only for tax purposes.’
New Scientist, 1 April 2000, vol. 166, no. 2232, p. 96. © Reed Business Information Ltd, England. Reproduced by permission. http:www.newscientist.com/article/mg16622327.100-feedback.html.
Learning Outcomes
After completing this chapter you should be able to:
- Explain the nature and importance of accounting.
- Outline the context which shapes accounting.
- Identify the main users of accounting and discuss their information needs.
- Distinguish between the different types of accountancy and accountant.
Go online to discover the extra features for this chapter at www.wiley.com/college/jones
Chapter Summary
- Accounting is the provision of financial information to managers or owners so that they can make business decisions.
- Accounting measures, monitors and controls business activities.
- Financial accounting supplies financial information to external users.
- Management accounting serves the needs ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.