Accounting: Theory and Practice (8e) : 9780273693857

Accounting: Theory and Practice (8e)

Glautier & Underdown
Published by
Pearson United Kingdom
Out of stock
Title type

For over thirty years, students have benefitted from this comprehensive, theory-based guide to accounting, its application to management decision-making and its impact on our wider global society. In this substantially revised edition of the text, the authors reflect contemporary developments in the subject while continuing to encourage critical analysis of the usefulness and relevance of accounting practices.

Table of contents
  • Part 1   Accounting Theory: An Overview Introduction
  • Chapter 1: Accountability and accounting
  • Chapter 2: The scope of business accounting
  • Chapter 3: Accounting as an information system
  • Chapter 4: The universality of business accounting method
  • Chapter 5: International rules for business accounting
  • Chapter 6: The scope and role of accounting theory
  • Part 2    Accounting Information
  • Chapter 7: Financial accounting statements
  • Chapter 8: Financial accounting concepts
  • Chapter 9: Financial accounting standards
  • Chapter 10: The generation of financial accounting data
  • Chapter 11: Data processing and double-entry bookkeeping
  • Chapter 12: Double-entry bookkeeping and periodic measurement
  • Chapter 13: Losses in asset values and periodic measurement
  • Chapter 14: Preparing an income statement and a balance sheet
  • Chapter 15: Reporting recorded assets and liabilities
  • Chapter 16: The processes of management
  • Chapter 17: Traditional cost accounting
  • Chapter 18: ABC and JIT
  • Chapter 19: Cost–volume– profit analysis
  • Chapter 20: Marginal costing
  • Chapter 21: Costs for Pricing
  • Chapter 22: Costs for short-run tactical decisions
  • Part 3  Accounting Information for Decision-Making
  • Chapter 23: Companies: their nature and regulation
  • Chapter 24: Published financial statements
  • Chapter 25: Statements of Cash-flows
  • Chapter 26: Interpreting and comparing financial statements
  • Chapter 27: Capital, value and income
  • Chapter 28: Accounting and economic concepts of income and value
  • Chapter 29: Accounting under monetary instability and market volatility
  • Chapter 30: Reporting to investors
  • Chapter 31: Social accounting and the caring society
  • Chapter 32: Budgeting for planning and control
  • Chapter 33: Organization for control
  • Chapter 34: Standard costs and variance analysis
  • Chapter 35: The control of managed costs
  • Chapter 36: Capital investment decisions
  • Chapter 37: Behavioural aspects of performance evaluation
  • Chapter 38: Managing profitability
  • Part 4 Accounting for multinational corporations
  • Chapter 39: Financial reporting for groups of companies
  • Chapter 40: Understanding consolidated financial statements
  • Chapter 41: Management control systems design: a conceptual framework
New to this edition

  • Demonstrates the convergence of UK and International Accounting Standards, acknowledging the universality of accounting rules for establishing an international regulatory framework, with a new chapter on International rules for business accounting.

  • Emphasises the social responsibility of organisations and the ethics of accounting, featuring new chapters on Accounting and responsibility and Social accounting and the caring society.

Features & benefits
  • Provides a comprehensive and long-lasting student companion, taking you from the basics of double-entry book-keeping to financial reporting, cost accounting and management control.
  • Helps you appreciate the nature of accounting and the purpose of accounting practices through an underpinning theoretical framework.
  • Discusses the evaluation of group financial performance, including the management control systems required for the effective functioning of complex organisations.
  • Poses self-assessment and problem questions within each chapter so you may test your skills.


Author biography

Michel Glautier is a graduate of the Universities of Manchester and London, and has a Doctorate in Management Sciences (with distinction) from the University of Paris. He has been Visiting Professor at universities and business schools in the USA and Australia and has extensive experience as an international business consultant.  

Brian Underdown BA, MA, ACMA was Professor in Accounting and Financial Management at Sheffield University Management School.

Deigan Morris graduated from the University of Nottingham and received his Doctorate from the University of Warwick. He remains active at INSEAD as Emeritus Professor. His teaching and consulting have involved multinational companies domiciled in Europe, North America, Asia and the Middle East.