Accounting and Finance is intended as an essential textbook for students studying accounting and finance for the first time and aims to provide them with the necessary understanding of the theory and practice of financial accounting, management accounting and business finance. The text provides a self-contained, introductory, one-year course covering all the major aspects of accounting and finance which can be used by students on both accounting and non-accounting degrees, as well as those on MBA and MSC courses. It is designed to be useful for UK students and for those studying accounting in English overseas.