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The world of accounting is in turmoil. New accounting standards are being pressed into use that will at a stroke cut the value of a company such as Shell by £2.5 bn, whilst adding a similarly large sum to its liabilities to account for ‘black holes’ in pension schemes. Small wonder that the big accountancy firm PwC (Price water house Coopers), for example, reported record global revenues o…
Accounting and finance have a language of their own with a variety of statements and techniques that can mystify non-accounting colleagues. This new edition, like its predecessors, is written primarily for those non-financial students and managers who need to know about finance and accounting in any organization. The aim is to cut through as much of the jargon as possible and explain the variou…