Accounting: Theory and Practice

For over thirty years, students have benefited 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 eighth edition, the authors reflect contemporary developments in the subject while continuing to encourage critical analysis of the usefulness and relevance of accounting practices.

Features 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 a solid underpinning theoretical framework Demonstrates the convergence of UK and International Accounting Standards, acknowledging the universality of accounting rules for establishing an international regulatory framework 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 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

Accounting Theory and Practice is an essential text for anyone studying undergraduate accounting modules, professional accountancy examinations or an MBA course. It is also a useful reference for more advanced courses at business schools and for practising accountants.

Visit the Accounting Theory and Practice companion website at www.pearsoned.co.uk/glautier to access over 100 multiple choice questions which will help you practise your accounting skills.

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 was for many years Membre du Jury National du Diplôme d’Expertise Comptable in France. He has been Visiting Professor at universities and business schools in the USA and Australia and has extensive experience as an international business consultant.  He is a former Professor of Accounting and Control at INSEAD, Fontainebleau.

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 has been Professor of Accounting and Control at INSEAD, Fontainebleau since 1972 and Area Co-ordinator until 2007. He remains active at INSEAD as Emeritus Professor. His teaching and consulting have involved multi-national companies domiciled in Europe, North America, Asia and the Middle East.