Accounting, 3rd Edition

Index

Aberdeen Asset Management, 414

abridged company accounts, 87, 171, 188

absolute size, 276

absorption costing, 433, 435, 455

total, 433, 435, 449, 452, 453, 457, 458

ACCA see Association of Chartered Certified Accountants

acceptance of IAS standards, 419

accountability, 313, 315, 337–8

accountancy, types of, 12–17

auditing, 12–13

bookkeeping, 14–15

financial accounting, 15

financial management, 15

insolvency, 15

management accounting, 15

fraud detection, 15

management consultancy, 17

taxation, 16–17

accountant, types of, 17–19

professionally qualified accountants, 17–19

second-tier bodies, 19

accounting, background to, 24–55

accounting principles, 40–41

language of accounting, 28–36

importance of financial accounting, 40

student example, 36–9

financial accounting, 26–8

accounting business, nature of, 10–12

accounting concepts, 41–3

accruals (matching concept), 43

consistency, 43

going concern, 42

prudence, 43

accounting context, 8–12

history, 9

international accounting, 9–10

organisations, 10–12

technology, 10

accounting equation, 59–64, 129, 134

balancing off, 67–74

and financial statements, 129

initial recording using double-entry bookkeeping, 65–7

trial balance, 73–6

Accounting Council, 305

accounting for growth, 385

accounting health check, 385

accounting, introduction to, 1–22

accounting context, 8–12

financial accounting and financial management, 5–6

importance of accounting, 4

limitations of accounting, 20

nature of accounting, 2–3

types of accountancy, 12–17

types ...