Conceived in response to this shift in approach and the growth of non-specialist classes, the text covers the principles of financial accounting, management accounting and financial management, emphasizing the application and interpretation of information for decision-making. Effective teaching and learning are facilitated through a variety of distinctive features; these are designed to encourage interaction and allow for flexible study and assessment; they have been expanded and improved in this second edition to include more integrated activities and self-assessment questions, all with answers; new end-of-chapter review questions; more end-of-chapter examination-style questions, now graded by their difficulty, with selected solutions; and new glossary of terms.