This book presents the basic principles of both financial and management accounting in an accessible, non-technical way, making it the ideal text for students from a broad range of disciplines taking a first course in accounting. Preface, Acknowledgements, Introduction to Accounting, The Accounting World, Financial Accounting and Reporting, Accounting Rules, Recording Data, Trading Entity Accounts, Accounting for Adjustments, Company Accounts, Other Accounts, Cash Flow Statements, Interpretation of Accounts, Disclosure of Information, The Annual Report, Contemporary Issues in Financial Reporting, Management Accounting, The Framework of Management Accounting, Cost Accounting, Planning and Control: Budgeting, Planning and Control: Standard Costing, Decision Making: Contribution Analysis, Decision Making: Specific Decisions, Decision Making: Capital Investment, Contemporary Issues in Management Accounting, Appendices, Index.