This updated edition of the best-selling handbook Accounting for Non-Accountants provides the perfect introduction to the basics of accounting and business finance. Designed for non-finance students and managers who need an insight into business finance and accounting, it guides readers through the maze of financial terms, theories and techniques in a meaningful and easy-to-follow style. Revised and updated for 2012, it includes information on the latest accounting standards and taxation issues, and is structured to provide in-depth understanding in three key areas: annual accounts; management accounting and financial management. Already widely used as an introductory text for business and management students on a variety of courses, Accounting for Non-Accountants remains essential reading for anyone looking to understand accounting principles and practice.