This fully revised and updated edition of a long-established practical handbook takes the reader through accounting and financial techniques in an easy-to-follow progressive way. Preface, The Annual Accounts, Financial Reporting, Financial Recording, The Profit and Loss Account, The Balance Sheet, Cash Flow Statement, Accounting for Different Business Organizations, Accounting for Inflation, Value Added, Financial Ratios, Other Performance Measures, Management Accounting, Costing Basics, Costing and Pricing, Marginal Costing, Standard Costing, Budgetary Control, Financial Management, The Cost of Capital, Capital Investment Appraisal, Managing Working Capital, Share Values, Mergers and Takeovers and Buy-Outs, Company Taxation, Overseas Transactions, Appendices, Financial Reporting Standards as September 1998, List of Acronyms, Glossary of Terms, Answers to Self-check Questions, Further Questions, Index.