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Now celebrating more than 50 years in publication, Frank Wood’s Business Accounting Volume 2 continues to provide an essential guide for accounting students around the world.

With the 14^th edition now repositioned to take a deeper focus on financial accounting, analysis and reporting, this book builds upon the fundamentals of financial accounting to provide you with all the necessary tools you need to help pass your accounting exams.

New to this edition:

·    Focus on financial accounting, analysis and reporting to provide further depth

·    'Maths for Accounting' Chapter

·    'Earnings Management' Chapter

For lecturers, the suite of resources available at www.pearsoned.co.uk/wood to accompany this textbook includes:

·    a complete solutions guide

·    PowerPoint slides for each chapter 

Alan Sangster is Professor of Accounting at the University of Sussex and formerly at other universities in the UK, Brazil, and Australia.

Frank Wood formerly authored this text and he remains one of the best-selling authors of accounting textbooks.

Frank Wood's Business Accounting, Volume 2

Notes for teachers and lecturers

Notes for students

The Last Lecture

Acknowledgements

Part 1 Companies

1 Limited companies: general background

2 The issue of shares and loan notes

3 Companies purchasing and redeeming their own shares and  loan notes

4 Limited companies taking over other businesses

5 Taxation in company financial statements

6 Provisions, reserves and liabilities

7 The increase and reduction of the share capital of limited companies

8 Accounting standards, related documents and accounting ethics

9 The financial statements of limited companies: income statements, related statements and notes

10 The financial statements of limited companies: balance sheets

11 Published financial statements of limited companies: accompanying notes

12 Statements of cash flows

Part 2 Groups

13 Group financial statements: an introduction

14 Consolidation of balance sheets: basic mechanics (I)

15 Consolidation of balance sheets: basic mechanics (II)

16 Intercompany dealings: indebtedness and unrealised profit in inventory

17 Consolidated financial statements: acquisition of shares in subsidiaries at different dates

18 Intra-group dividends

19 Consolidated balance sheets: sundry matters

20 Consolidation of the financial statements of a group of companies

21 Consolidated income statements and statements of comprehensive income

22 Business combinations: purchase method accounting

23 Standards covering subsidiaries, associates and joint arrangements

Part 3 Financial calculations and analysis

24 Maths for accounting

25 Interest, annuities and leasing

26 Accounting ratios

27 Interpretation of financial information

Part 4 Issues in financial reporting

28 Theories of accounting-related choice

29 Earnings management

30 Theories of accounting practice

31 Current cost accounting

32 Social and environmental reporting and integrated reporting

33 Corporate governance

34 Public sector accounting

35 Accounting for management control

36 The balanced scorecard

 Part 5 The emerging business environment of accounting

37 The supply chain and enterprise resource planning systems

38 E-commerce and accounting

39 Forensic accounting

Appendices

1 Interest tables

2 Answers to review questions

3  Glossary

Index