The growing need for a more relevant approach to accounting in the modern world. Preface, The Origins of Modern Accounting, Accounting Profit - The Basic Issues, Accounting Profit - Application and Implications, The Generation and Recording of Financial Data, Introduction to Computerized Accounting, Measuring Profit - Different Assumptions and Different Conclusions, Financial Reporting - Approaches to Regulation, Financial Reporting - The UK and the European Union, Financial Reporting - Group Activities, Financial Reporting - Multinational Enterprises, Financial Reporting - Funds and Cashflow, Financial Reporting - The Impact of Inflation, Financial Reporting - Detailed Issues, Interpreting Company Accounts, Forecasting Company Failure, Accounting Within Organizations, Pricing and Output Decisions, Accounting Planning and Control Systems, Accounting and Organizations and Behavior, Strategic Management Accounting and the Capital Budgeting Decision, Divisional Performance and Transfer Pricing, Solutions, Index.