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Purchase Benefits
What is included with this book?
List of figures | p. ix |
List of tables | p. x |
Preface | p. xi |
The Basics | p. 1 |
Financial Accounting in Context | p. 3 |
Introduction | p. 3 |
Accounting in sport and leisure | p. 4 |
The importance of finance in sport and leisure | p. 8 |
User groups | p. 11 |
Legal identity | p. 13 |
Financial versus management accounts | p. 15 |
Statutory requirements in sport and leisure | p. 15 |
Summary | p. 16 |
Questions for review | p. 17 |
Answers | p. 18 |
The 'Rules' of Financial Accounting | p. 19 |
Introduction | p. 19 |
The regulatory framework | p. 22 |
More accounting terminology | p. 30 |
The impact of the regulatory framework on sport | p. 32 |
Corporate governance | p. 33 |
Summary | p. 37 |
Questions for review | p. 37 |
Answers | p. 39 |
The Mechanics | p. 41 |
Financial Accounting - the Mechanics | p. 43 |
Introduction | p. 43 |
Recording business transactions | p. 46 |
The accounting equation | p. 47 |
The double entry rule | p. 50 |
Applying the double entry rule | p. 54 |
Summary | p. 57 |
Questions for review | p. 58 |
Answers | p. 61 |
Accounting Records for Sport and Leisure Managers | p. 65 |
Introduction | p. 65 |
Loan interest | p. 65 |
Depreciation | p. 69 |
Discounts | p. 72 |
Bad debts | p. 75 |
Returns | p. 78 |
Disposals of fixed assets | p. 79 |
Summary | p. 81 |
Questions for review | p. 82 |
Answers | p. 83 |
The Interrelationship Between 'T' Accounts and Final Statements | p. 85 |
Introduction | p. 85 |
The trial balance | p. 86 |
Limitations to the trial balance | p. 90 |
The trial balance balances! Now what? | p. 90 |
Summary | p. 93 |
Questions for review | p. 94 |
Answers | p. 95 |
Final Adjustments for Sport and Leisure | p. 99 |
Introduction | p. 99 |
Cost of sales | p. 100 |
Mispostings | p. 102 |
Accruals | p. 103 |
Prepayments | p. 104 |
Summary | p. 105 |
Questions for review | p. 105 |
Answers | p. 106 |
The Meaning | p. 107 |
The Financial Statements | p. 109 |
Introduction | p. 109 |
International Accounting Standard 1 | p. 110 |
The income statement (profit and loss account) - measuring financial performance | p. 111 |
Interpreting the income statement | p. 112 |
The balance sheet: a snapshot of the financial position | p. 114 |
Interpreting the balance sheet | p. 115 |
Relationship between the income statement and balance sheet | p. 119 |
Cash flow statement | p. 120 |
Non-trading organisations | p. 123 |
Summary | p. 127 |
Questions for Review | p. 127 |
Answers | p. 128 |
Interpreting Annual Reports | p. 129 |
Introduction | p. 129 |
Dissecting Annual Reports | p. 130 |
Introducing ratio analysis | p. 134 |
The steps of financial ratio analysis | p. 135 |
Growth | p. 135 |
Profitability ratios | p. 139 |
Liquidity ratios | p. 143 |
Defensive position ratios (long-term solvency) | p. 146 |
Investment ratios | p. 149 |
Ratio analysis and its limits | p. 152 |
Summary | p. 152 |
Questions for Review | p. 153 |
Answers | p. 154 |
Glossary of terms | p. 155 |
Index | p. 159 |
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The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.