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Preface xii About the authors xiv Key features xvi Chapter 1: An introduction to accounting 1 Chapter 2: The recording process 77 Chapter 3: Accrual accounting concepts 133 Chapter 4: Inventories 190 Chapter 5: Reporting and analysing inventory 234 Chapter 6: Accounting information systems 283 Chapter 7: Reporting and analysing cash and receivables 352 Chapter 8: Reporting and analysing non-current assets 413 Chapter 9: Reporting and analysing liabilities 465 Chapter 10: Reporting and analysing equity 512 Chapter 11: Statement of cash flows 559 Chapter 12: Financial statement analysis and decision making 626 Chapter 13: Analysing and integrating GAAP 684 Management accounting supplement 737 Chapter 14: Introduction to management accounting 738 Chapter 15: Cost accounting systems 778 Chapter 16: Cost–volume–profit relationships 839 Chapter 17: Budgeting 876 Appendix: Time value of money 937 Index 952