Seventh Edition. ACCOUNTING AND FINANCE for Non-Specialists. Peter Atrill and. Eddie McLaney. Financial Times. Prentice Hall is an imprint of. Harlow. Accounting and Finance for Non-Specialists 9th edn PDF eBook. 9th Edition. Eddie McLaney, Peter Atrill. Oct , PDF eBook. ISBN Accounting and Finance for Non-Specialists 9th edn -. Download | Read | PDF | EPUB Edition Peter Atrill & Eddie McLaney Attractive, compact and informative .
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Accounting and Finance for Non-Specialists, Ninth Edition Peter Atrill & Eddie McLaney "Attractive, compact and informative book" Chris Grover. pdf. Accounting and Finance for Non-Specialists. Pages Fully updated and revised, this seventh edition continues to provide a Accounting and finance for non-specialists / Peter Atrill and Eddie McLaney. McLaney, E., Business Finance: Theory and Practice (9th edn), Prentice Hall, , chapters 1 and 2. 2nd ed. New York: Prentice Hall, pages, , English, Book; Illustrated, Accounting and finance for non-specialists / Peter Atrill and Eddie McLaney.
To check your understanding and progress, solutions are provided at the end of the book. Ratios can be used to predict financial failure. Limitations of ratio analysis: n Ratios are only as reliable as the financial statements from which they derive. Revsine, L. Sutton, T.
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View basket. Continue shopping. United Kingdom. Search Within These Results: Lincoln, United Kingdom Seller Rating: Government Whether PI should pay tax and, if so, how much, whether it complies with agreed pricing policies, whether financial support is needed and so on.
In making these decisions an assessment of its profits, sales revenues and financial strength would be made.
Community representatives Whether to allow PI to expand its premises or whether to provide economic support for PI. Investment analysts Whether or not to advise clients to invest in PI. This would involve an assessment of the likely risks and returns associated with PI. Suppliers Whether to continue to supply PI and, if so, whether to supply on credit. Managers Whether the performance of the business requires improvement.
Owners Whether to invest more in PI or to sell all, or part, of the investment currently held. Owners would also be involved with decisions on the employment of senior managers. Here past performance of the business would be assessed.
You may have thought of other reasons why each group would find accounting information useful. The majority of these are outside the business but, nevertheless, they have a stake in it.
This is not meant to be an exhaustive list of potential users; however, the groups identified are normally the most important. Not-for-profit organisations Though the focus of this book is accounting as it relates to private sector businesses, there are many organisations that do not exist mainly for the pursuit of profit.
Examples include charities, clubs and associations, universities, local government authorities, churches and trades unions. Such organisations also need to produce accounting information for decision-making purposes.
User groups need accounting information about these types of organisation to help them to make decisions. These groups are often the same as, or similar to, those identified for private sector businesses.
They may have a stake in the future viability of the organisation and may use accounting information to check that the wealth of the organisation is being properly controlled and used in a way that is consistent with its objectives. Real World 1.
That does not just mean medical staff and engineers. It also means accountants. It provides accountants in the field and it provides the back-up, such as financial training, and all the other services that should result in really robust financial management in the disaster area. It is an indication of the value that aid agencies place on management accountants. They play a very important role in relief efforts.
The sheer scale of the money now involved ensures that. So the strain on existing financial controls and management creates extra pressures. It recruits accountants and keeps them on a register to enable a rapid response to the needs of NGOs. And it provides training courses and guidance for them. For example, Mango has devised a Financial Management Health Check that can be downloaded by NGOs, through which they can gauge the strength of their financial systems.
So far, 47, copies of the Health Check have been downloaded. We find that if you have someone knowledgeable about financial reporting and that person is separate from the programme manager, it leads to cost savings and efficiencies. But it is one that can be easily forgotten in the chaos and speed of getting relief to disaster victims.
Management accountants can make a huge difference both in making sure the money is spent effectively in the field and that accountability back to the donors is of a high standard. The quality of the service provided would be determined by the extent to which the information needs of the various user groups have been met.
It can be argued that, to be useful, accounting information should possess certain key qualities, or characteristics. Accounting information must have the ability to influence decisions.
Unless this characteristic is present, there is really no point in producing the information. The role of accounting in confirming past events is important because users often wish to check on the accuracy of earlier predictions that they have made. The accuracy or inaccuracy of earlier predictions may enable users to judge the likely accuracy of current predictions.
Accounting should be free from significant error or bias.
It should be capable of being relied upon by users to represent what it is supposed to represent. Though both relevance and reliability are very important, the problem that we often face in accounting is that information that is highly relevant may not be very reliable, and that which is reliable may not be very relevant. What information would be relevant to the manager when deciding whether to accept the bid? How reliable would that information be?
The manager would probably like to know the current market value of the machine before deciding whether or not to accept the bid. The current market value would be highly relevant to the final decision, but it might not be very reliable because the machine is unique and there is likely to be little information concerning market values.
This quality will enable users to identify changes in the business over time for example, the trend in sales over the past five years. It will also help users to evaluate the performance of the business in relation to other similar businesses.
Comparability is achieved by treating items that are basically the same in the same manner for accounting purposes. Comparability tends also to be enhanced by making clear the policies that have been adopted in measuring and presenting the information. Accounting reports should be expressed as clearly as possible and should be understood by those at whom the information is aimed.
Consider Activity 1. It would be useful if anyone could understand accounting reports, but realistically, this is not likely to be the case. Complex financial events and transactions cannot always be reported easily. It is probably best that we regard accounting reports in the same way as we regard a report written in a foreign language. Actions Shares. Embeds 0 No embeds. No notes for slide. With a focus on decision-making, Accounting and Finance for Non- 3.
Specialists also teaches you how to apply your learning to real-world business scenarios.. The 9th edition retains the popular real world examples, progress checks, activities and exercises, and updates the coverage using an informal and engaging narrative.
Key Features Up-to-date coverage, including the latest IFRSs Accessible step- by-step approach helps you master the subject one step at a time New real world examples provide opportunities to apply and develop techniques New progress checks, activities and exercises reinforce learning Focus on decision-making prepares you for careers in business Peter Atrill is a freelance 5.
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