Principles of Accounting eBook (5e) : 9781486011858

Principles of Accounting eBook (5e)

Published by
Pearson New Zealand
Title type

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About the book: Principles of Accounting introduces students to the general principles and concepts of accounting, including budgeting as well as the analysis and interpretation of financial reports. Written in a clear, easy-to-follow style, the text examines:

  • the concepts on which accounting rests,
  • the methods by which accounting events are measured, and
  • the uses to which accounting information is put.

This very readable book is ideal for students needing to understand financial statements in order to make business decisions. It will also serve those who want to further their studies in accounting and require a solid grounding in the underlying concepts and methods. It helps to demystify the science of accounting, giving an understanding of how financial statements are put together and what they meant.

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Table of contents
  1 Introduction
  2 The business environment
  3 The New Zealand Framework
  4 The accounting process
  5 The Balance Sheet (Statement of Financial Position)
  6 Income Statement and Statement of Changes in Equity
  7 The Cash Flow Statement
  8 Non-cash impacts on financial statements  
  9 Business planning and budgeting
10 Analysis and interpretation of financial statements

Appendix The big picture
Author biography
Murray Smart has taught accounting and finance papers at various tertiary institutions since 1973, including the Open Polytechnic of New Zealand, Wellington Institute of Technology (WelTec), and currently, Henan University of Technology, Zheng Zhou, China. In 1992 he was seconded to the University of the South Pacific, in Suva, Fiji, to teach in that institute’s accounting programme. During 1994–1995 he assisted a consortium of British universities to set up a first-year accounting programme in Karachi for Pakistani students who then progressed to the United Kingdom to complete their degrees. Murray has a Master of Business Studies (MBS) and Bachelor of Business Studies (BBS) from Massey University, and a Bachelor of Commerce and Administration with Honours (BCA (Hons)) from Victoria University of Wellington.

Nazir Awan has taught financial and management accounting courses at the Open Polytechnic since 2005. Prior to joining the Open Polytechnic he held various senior financial management roles in diverse companies and industries, including telecommunications and postal industries in New Zealand, banking in Canada, and the steel industry in the United Kingdom. Nazir has a Master of Science (MSc) from the University of East Anglia, Norwich, England. He is a Chartered Accountant, a member of the Association of Management Accountants (Canada) and a fellow of the Association of Chartered Certified Accountants (United Kingdom).

Richard Baxter has taught financial accounting at the Open Polytechnic since 2009, and accounting, management, marketing, computer accounting, tax, economics, tax and small business at various institutions, including Taranaki Polytechnic (now Western Institute of Technology), Massey University, Central Queensland University and Whitireia Polytechnic. He has produced numerous in-house texts and practical accounting workbooks for financial accounting and MYOB. His practical experience includes work in the freezing works industry and the agricultural, small-business accounting and IT support sectors. Richard has a Bachelor of Business Studies (BBS) from Massey University, a Diploma from JSMI (Texas), and is a provisional member of the New Zealand Institute of Chartered Accountants.
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