Accounting in a Nutshell covers the basic principles of financial management accounting for those who do not require detailed theoretical or technical knowledge. This book will provide a solid grounding in accounting principles , enabling the reader to contribute in the workplace or to progress to further financial studies. The text covers accounting in profit-making companies, as well as manufacturing and service organisations. Each section of the book also contains a summary and extra questions and answers to test your understanding. This useful text has been updated to reflect the requirements of recent financial reporting standards.