The seventh edition of Birt's Accounting textbook is designed for the core accounting unit in a business or commerce degree. Many students who plan to major in soft-side disciplines such as marketing or human resource management need a clear and accessible text that emphasises the relevance of accounting to business. 
The Accounting interactive e-text features a range of instructional media content designed to provide students with an engaging learning experience. This includes practitioner videos from Ernst & Young, animated work problems and questions with immediate feedback. Birt’s unique resource can also form the basis of a blended learning solution for lecturers.
 
TABLE OF CONTENTS
Preface x
About the authors xiii
Chapter 1 Introduction to accounting and business decision making 1
Chapter preview 2
Summary of learning objectives 19
Key terms 20
Apply your knowledge 21
Comprehension questions 22
Problems 22
Decision-making activities 23
References 24
Acknowledgements 25
Appendix 1 26
Acknowledgements 44
Chapter 2 Accounting in society 45
Chapter preview 46
Summary of learning objectives 67
Key terms 68
Apply your knowledge 69
Self-evaluation activities 69
Comprehension questions 72
Exercises 73
Problems 75
Decision-making activities 76
References 77
Acknowledgements 78
Chapter 3 Business structures 79
Chapter preview 80
Summary of learning objectives 96
Key terms 97
Apply your knowledge 98
Self-evaluation activities 99
Comprehension questions 101
Exercises 102
Problems 105
Decision-making activities 107
References 107
Acknowledgements 108
Chapter 4 Business transactions 109
Chapter preview 110
 
Summary of learning objectives 123
Key terms 124
Apply your knowledge 124
Self-evaluation activities 125
Comprehension questions 130
Exercises 130
Problems 132
Decision-making activities 136
References 137
Acknowledgements 137
Chapter 5 Statement of financial position 138
Chapter preview 139
 
Summary of learning objectives 171
Key terms 172
Apply your knowledge 174
Self-evaluation activities 175
Comprehension questions 178
Exercises 179
Problems 184
Decision-making activities 187
References 189
Acknowledgements 189
Chapter 6 Statement of profit or loss and statement of changes in equity 190
Chapter preview 191
 
Summary of learning objectives 215
Key terms 216
Apply your knowledge 217
Self-evaluation activities 218
Comprehension questions 220
Exercises 221
Problems 225
Decision-making activities 229
References 232
Acknowledgements 232
Chapter 7 Statement of cash flows 233
Chapter preview 234
Summary of learning objectives 266
Key terms 266
Apply your knowledge 267
Self-evaluation activities 268
Comprehension questions 272
Exercises 273
Problems 277
Decision-making activities 281
References 282
Acknowledgements 282
Chapter 8 Analysis and interpretation of financial statements 283
Chapter preview 284
Summary of learning objectives 311
Summary of ratios 312
Key terms 314
Apply your knowledge 316
Self-evaluation activities 316
Comprehension questions 321
Exercises 322
Problems 327
Decision-making activities 333
References 335
Acknowledgements 335
Chapter 9 Budgeting 336
Chapter preview 337
Summary of learning objectives 354
Key terms 354
Apply your knowledge 355
Self-evaluation activities 355
Comprehension questions 356
Exercises 357
Problems 362
Decision-making activities 367
References 369
Acknowledgements 369
Chapter 10 Cost–volume–profit analysis 370
Chapter preview 371
Summary of learning objectives 390
Key terms 391
Apply your knowledge 391
Self-evaluation activities 392
Comprehension questions 393
Exercises 394
Problems 400
Decision-making activities 406
Acknowledgements 407
Chapter 11 Costing and pricing in an entity 408
Chapter preview 409
Summary of learning objectives 428
Key terms 428
Apply your knowledge 429
Self-evaluation activities 430
Comprehension questions 430
Exercises 431
Problems 434
Decision-making activities 439
Acknowledgements 439
Chapter 12 Capital investment 440
Chapter preview 441
Summary of learning objectives 454
Key terms 454
Apply your knowledge 455
Self-evaluation activities 455
Comprehension questions 456
Exercises 456
Problems 457
References 460
Decision-making activities 460
Acknowledgements 460
Appendix 12A 461
Appendix 12B 461
Chapter 13 Financing the business 462
Chapter preview 463
Summary of learning objectives 482
Key terms 483
Apply your knowledge 484
Self-evaluation activities 484
Comprehension questions 486
Exercises 486
Problems 487
Decision-making activities 489
References 490
Acknowledgements 490
Chapter 14 Performance measurement 491
Chapter preview 492
Appendix 529
Index 571