Preface xiii Acknowledgements xvi Chapter 1 Introduction to accounting 2 Chapter 2 Business sustainability 40 Chapter 3 Business structures 76 Chapter 4 Business transactions 116 Chapter 5 Balance sheet 150 Chapter 6 Income statement and statement of changes in equity 214 Chapter 7 Statement of cash flows 268 Chapter 8 Analysis and interpretation of financial statements 332 Chapter 9 Budgeting 402 Chapter 10 Cost volume profit analysis 444 Chapter 11 Costing and pricing in an entity 492 Chapter 12 Capital investment 534 Chapter 13 Financing the business 570 Chapter 14 Performance measurement 608 Glossary 653 Appendix 665 Index 707
Jacqueline Birt, B.Ed Melb, B.Bus RMIT, M.Bus RMIT, PhDANU, is a senior lecturer in Accounting at the University ofQueensland. Prior to the University of Queensland she heldappointments at Monash University, the Australian NationalUniversity, the University of Amsterdam and the University ofMelbourne. Jacqueline s teaching and research is in the areaof financial accounting and her PhD focused on segment reportingand examined issues such as value relevance and voluntary segmentdisclosures. She has published in journals such as the AustralianJournal of Management, the Australian Accounting Review andAccounting Education. Jacqueline has been the recipient of thePearson Education Accounting/Finance Lecturer of the Year Award andalso the ANU Faculty of Economics and Commerce Award for TeachingExcellence. Keryn Chalmers, BCom, Grad Dipl, PhD, is a professor ofaccounting and deputy dean (external and international) in theFaculty of Business and Economics at Monash University. Prior tothis, Keryn was head of the Department of Accounting and Finance atMonash University. During her academic career, she has beenresponsible for accounting-related curriculum development, qualityassurance and delivery at the undergraduate and postgraduate level.Keryn is an active researcher in the financial accounting andfinancial reporting area, specifically in relation to accountingpolicy and disclosure choices of management. Suzanne Maloney, BBus, MPhil, FCPA, has worked in theaccounting and finance field, both in practice and academia, forthe past 15 years. Her current position is as a senior lecturer atthe University of Southern Queensland. She works closely withprofessionals in practice and in 2002 was the Queensland StatePresident of CPA Australia. Suzanne is the recipient of a number ofawards including the Institute of Chartered Accountants TeachingAward and the CPA Australia Young CPA of the Year Award. Albie Brooks, BCom, DipEd, MBus, PhD, FCPA, is a seniorteaching fellow in management accounting in the Department ofAccounting and Business Information Systems at the University ofMelbourne. His teaching is predominantly in the areas of managementaccounting and managerial control. His teaching experience is atboth undergraduate and postgraduate levels in both domestic andinternational settings. His research activities relate to teachingand learning, management accounting innovation and corporategovernance issues. Judy Oliver, BBus, MBus, PhD, joined Swinburne Universityin 2008 as a senior lecturer in accounting. Over the past 24 years,she has also held appointments at Victoria University and theUniversity of Tasmania. Judy teaches first-year accounting andmanagement accounting at both the undergraduate and postgraduatelevels. Her research interests are in the area of managementaccounting control systems and corporate governance. She haspublished in journals such as the Australian Accounting Review,International Journal of Quality & Reliability Management andthe Journal of Accounting & Organizational Change.