Whether you're a small business owner or a corporate manager with budget responsibilities, having an understanding of your company's finances is crucial. This user-friendly guide takes you through all the key elements of UK business accounting, covering everything from evaluating profit margins and establishing budgets to controlling cash flow and writing financial reports.

The third edition has been fully updated throughout and includes brand new content on the emergence of IFRS and dealing with foreign exchange.

The book is organised into five Parts:

Part I: Accounting Basics

Part II: Getting a Grip on Financial Statements (Including cash flow, cash flow statements financial reports, profit and loss accounts)

Part III: Accounting in Managing a Business (Including managing profit performance, budgeting, ownership structures, costs, and difference accounting methods)

Part IV: Financial Reports in the Outside World (All about auditors and advisors, and how investors read financial reports)

Part V: Part of Tens