Project Description
Accounting: Reporting, Analysis and Decision Making 8th Edition
Carlon, McAlpine, Lee, Mitrione, Bayne, Kirk, Wong
Print ISBN: 9781394333974, Interactive eText ISBN: 9781394333998
Available from semester 1, 2026. The market-leading eighth edition of Accounting: Reporting, Analysis and Decision Making, 8th Edition presents essential accounting concepts with a focus on practical application and current developments. It covers Australian Accounting Standards, IFRS 18, ESG, sustainability, ethics, and corporate governance, using examples from Australia and New Zealand to ensure local relevance.
A concise 13-chapter edition is also available, offering a focused approach to financial accounting: Financial Accounting: Reporting, Analysis and Decision Making, 8th Edition
The interactive eText is available in our low-cost subscription platform, Wiley Business Now. It also includes an Instructor Resource Toolkit and is supported by our local Wiley team.
Table of contents
1.1 Introduction to accounting
1.2 Accounting: the language of business
1.3 Forms of business organisations
1.4 Introduction to the Concept Framework
1.5 Users and uses of financial information
1.6 Financial statements
1.7 The financial reporting environment
1.8 Assumptions, concepts, principals and qualitative characteristics
1.9 Analysing financial statements
Concept check
Summary
Key terms
Demonstration problem
Self-study questions
Questions
Brief exercises
Exercises
Problem set A
Problem set B
Building business skills
Reference
Acknowledgements
2.1 Accounting transactions and events
2.2 The account
2.3 Debit and credit
2.4 Steps in the recording process
2.5 The journal
2.6 The general ledger
2.7 Posting
2.8 The trial balance
Concept check
Summary
Key terms
Demonstration problem
Self-study questions
Questions
Brief exercises
Exercises
Problem set A
Problem set B
Building business skills
Reference
Acknowledgements
3.1 Timing issues
3.2 Revenue recognition criteria
3.3 The basics of adjusting entries
3.4 Adjusting entries for prepayments
3.5 The adjusted trial balance and financial statements
3.6 Closing the books
3.7 Summary of the accounting cycle
3.8 Adjusting entries – using a worksheet
Concept check
Summary
Key terms
Demonstration problem
Self-study questions
Questions
Brief exercises
Exercises
Problem set A
Problem set B
Building business skills
Reference
Acknowledgements
4.1 Merchandising operations
4.2 Recording purchases of inventories
4.3 Recording sales of inventories
4.4 Statement of profit or loss presentation
4.5 Evaluating profitability
4.6 The goods and services tax
4.7 Accounting for GST
Concept check
Summary
Key terms
Demonstration problem
Self-study questions
Questions
Brief exercises
Exercises
Problem set A
Problem set B
Building business skills
Reference
Acknowledgements
5.1 Classifying inventory
5.2 Cost of sales
5.3 Determining inventory quantities
5.4 Statement of profit and loss presentation
5.5 Inventory cost flow method – periodic system
5.6 Financial statement effects of cost flow methods
5.7 Valuing inventory at the lower of cost and net realisable value
5.8 Analysis of inventory
5.9 Inventory cost flow methods – perpetual system
5.10 Inventory errors
5.11 Closing entries for merchandising entities
Concept check
Summary
Key terms
Demonstration problem
Self-study questions
Questions
Brief exercises
Exercises
Problem set A
Problem set B
Building business skills
Reference
Acknowledgements
Principles of Accounting Information Systems
6.2 Developing an Accounting System
6.3 Internal Control Systems
6.4 Management’s Responsibility for Internal Control
6.5 Principles of Internal Control
6.6 Transformation of Financial Data
6.7 Sales and Receivables, and Purchases and Payments Cycles
6.8 Internal Control Principles Applied to These Cycles
6.9 Control Accounts, Subsidiary Ledgers, and Reconciliation
6.10 Special Journals
6.11 Computerised Accounting Information Systems
6.12 Advantages and Disadvantages of Computerised Accounting Systems
6.13 Sales Journal
6.14 Cash Receipts Journal
Concept check
Summary
Key terms
Demonstration problem
Self-study questions
Questions
Brief exercises
Exercises
Problem set A
Problem set B
Building business skills
Reference
Acknowledgements
7.1 Cash and credit transactions
7.2 Credit and electronic banking
7.3 Safeguarding and managing cash
7.4 Bank reconciliation
7.5 Managing and monitoring cash
7.6 Assessing cash adequacy
7.7 Recording and reporting receivables
7.8 Valuing accounts receivable
7.9 Financial statement presentation of receivables
7.10 Analysing and managing receivables
7.11 Operation of the petty cash fund
Concept check
Summary
Key terms
Demonstration problem
Self-study questions
Questions
Brief exercises
Exercises
Problem set A
Problem set B
Building business skills
Reference
Acknowledgements
8.1 Business Context and Decision Making
8.2 Property, Plant, and Equipment
8.3 Depreciation
8.4 Depreciation Methods
8.5 Subsequent Expenditure
8.6 Impairments
8.7 Revaluations
8.8 Disposals of PPE Assets
8.9 Property, Plant, and Equipment Records
8.10 Intangible Assets
8.11 Types of Intangible Assets
8.12 Other Non-Current Assets
8.13 Natural Resources
8.14 Reporting and Analysing Issues
Concept check
Summary
Key terms
Demonstration problem
Self-study questions
Questions
Brief exercises
Exercises
Problem set A
Problem set B
Building business skills
Reference
Acknowledgements
9.1 Current liabilities
9.2 Notes payable
9.3 Non-current liabilities
9.4 Loans payable by instalment
9.5 Leasing
9.6 Accounting for leases
9.7 Provisions and contingent liabilities
9.8 Recording provisions for warranties
9.9 Financial statement analysis
Concept check
Summary
Key terms
Demonstration problem
Self-study questions
Questions
Brief exercises
Exercises
Problem set A
Problem set B
Building business skills
Reference
Acknowledgements
10.1 Business context and decision making
10.2 The corporate form of organisation
10.3 Share issues
10.4 Share splits
10.5 Dividends
10.6 Earning power and irregular items
10.7 Reporting on equity
10.8 Retained earnings
10.9 Financial statement analysis and decision making
10.10 Debt versus equity financing decisions
Concept check
Summary
Key terms
Demonstration problem
Self-study questions
Questions
Brief exercises
Exercises
Problem set A
Problem set B
Building business skills
Reference
Acknowledgements
11.1 The statement of cash flows: purpose
11.2 Classification of cash flows
11.3 Preparing the statement of cash flows
11.4 Using cash flows to evaluate an entity
11.5 Free cash flow
Concept check
Summary
Key terms
Demonstration problem 1
Demonstration problem 2 – comprehensive
Self-study questions
Questions
Brief exercises
Exercises
Problem set A
Problem set B
Building business skills
Reference
Acknowledgements
12.1 Comparative analysis
12.2 Horizontal analysis
12.3 Vertical analysis
12.4 Ratio analysis
12.5 Limitations of financial statement analysis
Concept check
Summary
Key terms
Demonstration problem
Self-study questions
Questions
Brief exercises
Exercises
Problem set A
Problem set B
Building business skills
Reference
Acknowledgements
13.1 Assumptions, concepts and principles underlying GAAP
13.2 Conceptual frameworks
13.3 The objective of general purpose financial reporting
13.4 Users and uses of financial reports
13.5 The reporting entity
13.6 Qualitative characteristics and constraints
13.7 Definition, recognition and measurement of elements
13.8 Integrating assumptions, principles, concepts, and elements
13.9 Developments in financial reporting
Concept check
Summary
Key terms
Demonstration problem
Self-study questions
Questions
Brief exercises
Exercises
Problem set A
Problem set B
Building business skills
Reference
Acknowledgements
14.1 Management accounting basics
14.2 Management functions
14.3 Manufacturing costs
14.4 Product vs. period costs
14.5 Manufacturing costs in financial statements
14.6 Statement of financial position
14.7 Determining the cost of goods manufactured and sold
14.8 Evolution and improvements in management accounting practices
14.9 Accounting cycle for a manufacturing enterprise
Concept check
Summary
Key terms
Demonstration problem
Self-study questions
Questions
Brief exercises
Exercises
Problem set A
Problem set B
Building business skills
Reference
Acknowledgements
15.1 Cost accounting systems
15.2 Job order costing
15.3 Job cost sheet
15.4 Process cost flow
15.5 Accounting procedures
15.6 Production cost report
15.7 Activity-based costing (ABC)
15.8 Benefits and limitations of activity-based costing
15.9 Value-added vs. non-value-added activities
15.10 Just-in-time processing (JIT)
Concept check
Summary
Key terms
Demonstration problem
Self-study questions
Questions
Brief exercises
Exercises
Problem set A
Problem set B
Building business skills
Reference
Acknowledgements
16.1 Cost behaviour analysis
16.2 Absorption vs. variable costing
16.3 Cost–volume–profit analysis
16.4 Contribution margin
16.5 Target profit
16.6 Using CVP analysis with multiple products and services
16.7 CVP statement of profit or loss
Concept check
Summary
Key terms
Demonstration problem
Self-study questions
Questions
Brief exercises
Exercises
Problem set A
Problem set B
Building business skills
Reference
Acknowledgements
17.1 Budgeting basics
17.2 The master budget
17.3 Cash budget
17.4 Preparing the budgeted financial statements
17.5 Budgeting in non-manufacturing entities
17.6 Budgetary control
17.7 Flexible budgets
17.8 The concept of responsibility accounting
17.9 Responsibility accounting for cost centres
Concept check
Summary
Key terms
Demonstration problem
Self-study questions
Questions
Brief exercises
Exercises
Problem set A
Problem set B
Building business skills
Reference
Acknowledgements
Authors
Shirley Carlon
Rosina McAlpine
Chrisann Lee
Lorena Mitrione
Lyndie Bayne
Ngaire Kirk
Lily Wong
Explore our content
Carlon’s Accounting, 8th Edition is designed to equip students with a strong foundation in accounting, emphasising fundamental concepts and their application to real-world decision-making.
Accounting: Reporting, Analysis and Decision Making, 8th Edition is written by a team of Australian and New Zealand financial accounting experts and locally published to reflect regional standards and practices. The text focuses on core accounting concepts and their application to real-world decision-making, rather than procedural detail.
Students engage through embedded questions, decision-making toolkits, and real company financials. Capstone case studies aligned with each chapter build skills in analysis, judgement, and financial communication.
The interactive eText includes animated worked problems, practitioner videos, and auto-feedback questions. New content covers IFRS 18, expanded ethics coverage, and updated material on ESG, sustainability, and corporate governance, including recent legislative developments in Australia and New Zealand.
What’s in Accounting: Reporting, Analysis and Decision Making 8th Edition?
New to this edition:
- Sustainability, corporate governance & ESG updates: Updated content on sustainability, corporate governance, and ESG (Environmental, Social, and Governance), including CSR concepts and the latest industry practices, with expanded discussions on sustainability reporting reflecting New Zealand’s climate-reporting mandates and Australia’s draft sustainability regulations.
- Enhanced ethics coverage: Introduces new discussions on ethics in business and the accounting profession, along with expanded ethics-related questions at the end of each chapter.
- Latest accounting standards: Incorporates IFRS 18, set to take effect from January 1, 2027, ensuring students stay current with evolving financial reporting regulations.
Key features:
- Comprehension tools: Learning, reflection, and consolidation boxes at the end of each topic give students the opportunity to evaluate their comprehension and strengthen their understanding through focused exercises.
- Interactive media: The interactive eText features interviews with Accounting practitioners, offering real-world insights into chapter concepts and practical applications.
- Real-world application: Integrates financial statements from actual companies and explores real business challenges to highlight the practical use of accounting in decision-making.
- Business building skills: Each chapter concludes with financial reporting problems that utilise real-world financial statements to help students apply theoretical concepts to practical case studies.
- Decision-making focus: Decision-making Toolkit exercises throughout the text guide students through analysing financial data and evaluating business alternatives to develop critical thinking skills.
- Global business perspective: Recognises the international nature of accounting with case studies covering global, ethical, and environmental issues to broaden students’ understanding.
- Applied learning for career readiness: Includes capstone case studies aligned with textbook chapters to develop analytical, judgement, and financial communication skills essential for professional success.
- Technology vignettes: Vignettes on innovative accounting technologies are featured throughout the text, closing the knowledge gap on the latest tech advances that students will encounter as graduates.
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Interactives and key features
Available as a digital eText or printed textbook, this title enables every student to master concepts and succeed in assessment. Lecturers are supported with an extensive, easy-to-use teaching and learning package.
Our digital eText features interviews with Accounting practitioners (PwC), offering real-world insights into chapter concepts and practical applications.
Practitioner insight videos (eText)
'Technology vignette’ boxed features explore key digital tools and innovations shaping modern accounting, with insights into their impact on financial reporting, data analysis, automation, and decision-making in contemporary practice.
Technology vignettes
This text features updated content on sustainability, corporate governance, and ESG (Environmental, Social, and Governance), including CSR concepts and the latest industry practices, with expanded discussions on sustainability reporting reflecting New Zealand’s climate-reporting mandates and Australia’s draft sustainability regulations.
Sustainability, corporate governance & ESG
This edition has end-of-topic sections featuring "Review It" for knowledge checks and comprehension questions in which relate to the real world, and "Do It" exercises to reinforce how concepts apply to financial statements.
Learning reflection & consolidation
This text uses real-life company data to illustrate financial performance, with accounting equations to reinforce the impact of transactions on financial statements.
Real-life financial data
Each chapter concludes with financial reporting problems that utilise real-world financial statements, helping students apply theoretical concepts to practical case studies.
Building business skills
Featured in our eText are interactive exercises and activities in each chapter, that allow students to assess their skills and understanding of chapter content, with immediate feedback.
Interactivities (eText)
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Concept check questions (eText)
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