Project Description
Accounting: Business Reporting for Decision Making, 8th Edition
Birt, Chalmers, Maloney, Brooks, Oliver, Bond
Interactive E-Text: 9780730396482, Print & Interactive E-Text Code: 9780730396475
Now in its 20th year and 8th edition, Birt’s Accounting: Business Reporting for Decision Making continues to set the standard for introductory accounting texts. Ideal for business and commerce students, this text clearly illustrates the vital connection between business and accounting. Tailored for first-year students, it emphasizes the relevance of accounting through accessible content and engaging instructional media.
The fully interactive eText is available through our subscription platform Wiley Business Now, complete with 5 practice resources designed to reinforce key concepts and build essential skills.
Table of Contents
1.2 Accounting information and its role in decision making
1.3 Financial accounting and management accounting
1.4 Role of accounting information in business planning
1.5 Globalisation of accounting
1.6 Digital disruption and impact on accounting
1.7 Business sustainability
1.8 Sustainability reporting and disclosure
1.9 Careers in accounting
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2.2 Australian and international accounting standards
2.3 Role of the Conceptual Framework
2.4 Corporate governance
2.5 Corporate governance principles, guidelines and practices
2.6 Ethics in business
2.7 Professional codes of ethics and ethical decision-making methods
2.8 Limitations of accounting information
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3.2 Definition and features of a sole trader
3.3 Advantages and disadvantages of a sole trader
3.4 Definition and features of a partnership
3.5 Advantages and disadvantages of a partnership
3.6 Definition and features of a company
3.7 Types of companies
3.8 Advantages and disadvantages of a company
3.9 Definition and features of a trust
3.10 Advantages and disadvantages of a trust
3.11 Comparison of business reports
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4.2 Business and personal transactions and business events
4.3 The accounting equation
4.4 Analysis of business transactions
4.5 The accounting worksheet
4.6 Capturing accounting information: journals and ledger accounts
4.7 Rules of debit and credit
4.8 The trial balance
4.9 Accounting errors
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5.2 Nature and purpose of the statement of financial position
5.3 Accounting policy choices, estimates and judgements
5.4 The definition of assets
5.5 The definition of liabilities
5.6 The definition and nature of equity
5.7 Assets, liabilities and equity
5.8 Format and presentation of the statement of financial position
5.9 Presentation and disclosure of elements in the statement of financial position
5.10 Measurement of various assets and liabilities
5.11 Potential limitations of the statement of financial position
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6.2 Accounting concepts for financial reporting
6.3 Effects of accounting policy choices, estimates and judgements on financial statements
6.4 Measuring financial performance
6.5 Income
6.6 Expenses
6.7 Applying recognition criteria to income and expenses
6.8 Presenting the statement of profit or loss
6.9 Financial performance measures
6.10 The statement of comprehensive income
6.11 The link between the financial statements
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7.2 Format of the statement of cash flows
7.3 Preparing the statement of cash flows
7.4 Analysing the statement of cash flows
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8.2 Nature and purpose of financial analysis
8.3 Analytical methods
8.4 Profitability analysis
8.5 Asset efficiency analysis
8.6 Liquidity analysis
8.7 Capital structure analysis
8.8 Market performance and analysis
8.9 Ratio interrelationships
8.10 Limitations of ratio analysis
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9.2 Budgets
9.3 Types of budgets
9.4 Master budget
9.5 The cash budget
9.6 Budgets: planning and control
9.7 Behavioural aspects of budgeting
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10.2 Break-even analysis
10.3 Contribution margin ratio
10.4 CVP assumptions
10.5 Using break-even data
10.6 Operating leverage
10.7 Contribution margin per limiting
10.8 Relevant information for decision making
10.9 Outsourcing decisions
10.10 Special order decisions
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11.2 Direct and indirect costs
11.3 Cost allocation
11.4 Allocation process
11.5 Inventoriable product cost
11.6 Pricing of products and services
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12.2 Accounting rate of return
12.3 Payback period
12.4 Net present value
12.5 Practical issues in making decisions
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Appendix 12A
Appendix 12B
13.2 Managing cash
13.3 Managing accounts receivable
13.4 Managing inventories
13.5 Soures of short-term finance
13.6 Sources of long-term debt finance
13.7 Equity finance
13.8 Hybrid finance
13.9 International sources of funding
13.10 New funding opportunities for business
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14.2 Divisional performance measurement
14.3 Investment centre performance evaluation
14.4 Environmental and social performance
14.5 Individual performance measurement
14.6 Non-financial performance evaluation
14.7 Data visualisation
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Authors
Jacqueline Birt (UWA)
Keryn Chalmers (Swinburne)
Suzanne Maloney (USQ)
Albie Brooks (Uni of Melbourne)
Judy Oliver
David Bond (UTS)
Explore our content
This accessible text is designed specifically for first-year business students, highlighting the practical relevance of accounting.
It presents accounting from a user’s perspective—focusing on how business owners, managers, and accountants use financial information to make informed business decisions. Rather than concentrating on compliance and external reporting, the text emphasises how to generate, interpret, and apply financial data to run and plan a business effectively.
The latest edition introduces a key focus on Excel, addressing one of the most critical skill gaps in the accounting profession. Students can enhance their learning with a suite of digital resources, including Excel screencasts, animated worked examples, and interactive questions with instant feedback, ensuring a dynamic and hands-on educational experience.
What’s in Accounting: Business Reporting for Decision Making, 8th Edition?
- Comprehensive Excel Content:
- Excel primer in Chapter 1, introducing basic skills and key functions, along with tips for getting started.
- ‘Excel applications’ in every chapter, with step-by-step guides to Excel functions and applications, building on the primer.
- Excel-based exercises for hands-on practice and skill mastery.
- Excel screencast videos available in the eText.
- Sustainability Focus: Expanded focus on sustainability with increased coverage in Chapter 2 (accounting and society), Chapter 12 (capital investment), and Chapter 13 (financing the business), linking accounting information with sustainable business practices.
- Enhanced Ethics Content: Discussions of ethical issues throughout the text.
- Contemporary Technology: Covers accounting technology and data analytics in relevant chapters.
- IFRS Alignment: Adheres to the IFRS Conceptual Framework for Financial Reporting.
- Corporate Governance: Discusses governance, regulation, and standard setting in Australia and New Zealand.
- Local Context: Features case studies, examples, and problems from local organisations.
- JB Hi-Fi Case Study: Uses real-world financial information from JB Hi-Fi in case studies and exercises.
- Practitioner Insights: Includes videos for real-world perspectives.
- Interactive Learning: Concept Check questions, interactive activities, and reflection exercises in each chapter.
- Decision-Making Examples: Highlights the decision-making process in accounting.
- User Guide: ‘How to use this text’ guide for navigating features, exercises, and interactive content.
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Interactives and Key Features
Available as a interactive e-text or printed textbook, with both subscription or buy-to-own access models. This title empowers students to master concepts and excel in assessments. Lecturers are supported with an extensive, easy-to-use teaching and learning package
Excel primer, step-by-step guides, activities and screencasts help students to learn key excel skills.
Comprehensive excel content
Our digital eText includes perspectives from ANZ based practitioners on topics from the chapter.
Practitioner insight videos (eText)
Our digital eText features end-of-chapter multiple-choice quizzes that provide instant feedback, helping to reinforce understanding and support learning.
Concept check questions (eText)
Our digital eText features interactive activities that let you match, categorise, or sequence concepts by moving elements on-screen, actively reinforcing learning with immediate feedback.
Interactivities (eText)
Case studies encourage critical thinking and problem-solving. Using local case studies enhances relevance and engagement by reflecting students' familiar contexts, making the learning more practical and applicable.
Local case studies
Reflection exercises in each chapter, encourage students to apply concepts to real-life scenarios.
Featured: Value to business
Decision-making examples that highlight the decision-making process in accounting and encourages students to practice critical thinking skills and apply learned knowldege.
Featured: Decision making exercises
Students can unlock the full potential of the text by using the guide to navigate its interactive and learning features effectively.
How to use this text guide
Students can personalise their eText by highlighting and taking notes, as well as other useful features including read aloud.
Personalisation features
Winner at the 2023 Educational Publishing Awards Australia (EPAA) for Tertiary (Wholly Australian) Teaching and Learning Resource – Print or Blended Learning
Accounting: Business Reporting for Decision Making, 8th Edition prepares students for practical applications in accounting, making it an asset for both CPA and CAANZ students. This textbook offers a flexible, interactive, and engaging learning experience that stands out among accounting resources.
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Practice Resources
Available exclusively in Wiley Business Now, inclusive of the semester or monthly subscription price.
Practice Book
Interactive revision sets enable students to test their knowledge with instant feedback and personalised guidance (3x as many practice questions as the text).
Study Notes
These student/instructor co-written notes provide concise, expert-reviewed summaries, tips, and diagrams for efficient exam preparation and understanding.
Student Solution Manual
Answers to every odd-numbered question posed in the text. Students can check their understanding, boost self-study and excel at exam preparation.
Instructor Resource Toolkit
Our Instructor Resource Toolkit is designed to seamlessly integrate the text content into your teaching, saving you time and boosting student engagement. It includes a variety of customisable tools, guides and assessment.*
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