Frank Wood's Business Accounting, Vol. 2, 12th edition

By Frank Woods & Alan Sangster
June 2012
Pearson Education
Distributed By Trans-Atlantic Publications
ISBN: 9780273767923
825 Pages, Illustrated
$110.00 paper original

Business Accounting is the world’s best-selling textbook on bookkeeping and accounting. Now in its twelfth edition, it has become the standard introductory text for accounting students and professionals alike.

The book is used on a wide variety of courses in accounting and business, both at secondary and tertiary level and for those studying for professional qualifications. It builds on Business Accounting 1 to cover advanced aspects of financial accounting. 

The twelfth edition includes greater emphasis on management accounting, company and group accounts and also examines key accounting concepts such as corporate governance.



Part One: Special accounts
1. Accounting for branches
2. Hire purchase accounts
3. Contract accounts

Part Two: Companies
4. Limited companies: general background
5. The issue of shares and loan notes
6. Companies purchasing and redeeming their own shares and loan notes
7. Limited companies taking over other businesses
8. Taxation in company financial statements 
9. Provisions, reserves and liabilities
10. The increase and reduction of the share capital of limited companies
11. Accounting standards and related documents
12. The financial statements of limited companies: income statements, related statements and notes
13. The financial statements of limited companies: balance sheets
14. Published financial statements of limited companies: accompanying notes 
15. Statements of cash flows

Part Three: Groups
16. Group financial statements: an introduction
17. Consolidation of balance sheets: basic mechanics (I)
18. Consolidation of balance sheets: basic mechanics (II)
19. Intercompany dealings: indebtedness and unrealised profit in stocks 
20. Consolidated financial statements: acquisition of shares in subsidiaries at different dates
21. Intra-group dividends
22. Consolidated balance sheets: sundry matters
23. Consolidation of the financial statements of a vertical group of companies 
24. Consolidated income statements and comprehensive income statements
25. Business combinations - purcahse method accounting
26. Standards covering subsidiary and associates and joint ventures

Part Four: Financial analysis
27. Accounting ratios
28. Interpretation of financial statements 

Part Five: Issues in financial reporting
29. Accounting theory
30. Current cost accounting
31. Social accounting 
32. Corporate governance
33. Public sector accounting
34. Accounting for management control

Part Six: Costing
35. Elements of costing
36. Absorption and marginal costing
37. Job, batch and process costing

Part Seven: Budgets
38. Budgeting and budgetary control
39. Cash budgets
40. Co-ordination of budgets 

Part Eight: Standard costing and variance analysis
41. Standard costing 
42. Materials and labour variances
43. Overhead and sales variances 

Part Nine: Planning, control and decision making
44. Break-even analysis 
45. Interest, annuities and leasing
46. Capital expenditure appraisal
47. The balanced scorecard

Part Ten: The emerging business environment of accounting
48. The supply chain and enterprise resource planning systems
49. E-commerce and accounting

1. Interest tables
2. Answers to Review Questions
3. Glossary

Return to the Businesss Titles Home Page