Beverley Jackling is presently Professor (Accounting) in the School of Accounting at Victoria University. She was previously Associate Professor and Associate Head of School (Teaching and Learning) in the School of Accounting, Economics and Finance at Deakin University, where she was involved in teaching undergraduate fi nancial and management accounting. More recently, she was Associate Professor of Accounting at RMIT University. Beverley has a record of research in accounting education that informs her teaching. Her recent research has focused on graduate outcomes, including global opportunities for accounting graduates, with specifi c reference to international students studying in Australia, as well as studies on generic and technical skill development from both graduate and employer perspectives. Her research profi le in higher education includes publications in numerous ranked international journals, national and international conference presentations, research grant successes and media releases. Jean Raar is an Associate Professor in Accounting in the Faculty of Higher Education, Swinburne University, Lilydale Campus, currently teaching management accounting. She has taught accounting theory to Master of Commerce students, and small business management to MBA students. Jean has a PhD in environmental management accounting; her other research interests include accounting theory and small business management. Jean has presented research papers at a number of national and international conferences, and has received an award for best manuscript for her paper published in Corporate Communications: An International Journal, 2003 on a topic relating to triple-bottom-line reporting. GRAEME WINES PhD ANU, MEc UNE, BBus Vic IC, GradDipEd SCV Hawthorn, GradDipAcc Deakin, FCPA Graeme Wines is an Associate Professor (Accounting) in the School of Accounting, Economics and Finance at Deakin University. He teaches in the fi elds of fi nancial accounting, accounting theory and auditing. In addition to more than 24 years of tertiary teaching experience, Graeme also has secondary teaching and chartered accounting experience. He has published research papers in academic journals, presented papers at various international accounting conferences, and is also a co-author of a company accounting textbook. TRACEY MCDOWALL BComp Monash, GradDip Sport Management Deakin, Masters of Sport Management Deakin Tracey McDowall is Lecturer in Accounting in the School of Accounting, Economics and Finance at Deakin University. Tracey is currently the Unit Chair for Financial Accounting and her research interests relate to accounting education, including motivational factors related to choice of accounting and development of generic skills through student mentoring programs. Tracey has been the recipient of various nationally competitive grants and university grants linked to her research in teaching and learning in accounting. Tracey is currently undertaking her PhD in accounting education, investigating the various ways vocational interests impact on a student’s approach to learning.

• Part One: Background Environment and PrinciplesChapter 1: The accounting environmentChapter 2: Accounting reports: their nature and usesChapter 3: Classification and analysis of transactionsChapter 4: The structure and content of financial statementsChapter 5: Financial statement analysisChapter 6: Accounting and financial managementPart Two: Accounting for Management DecisionsChapter 7: Managerial decisionmaking and the accountantChapter 8: Cost concepts for management decisionsChapter 9: Accounting for short-term management planningPart Three: Conceptual Frameworks for Financial ReportingChapter 10: Sources of authority and conceptual frameworks for accountingChapter 11: Assets and expenseChapter 12: IncomeChapter 13: LiabilitiesChapter 14: The recording focusChapter 15: Inventory transactionsChapter 16: End-of-period adjustmentsChapter 17: Accounting information systems and internal controlChapter 18: The principles applied: owner&#39s equityAppendix 1: Extracts from Santos Ltd Annual Report 2008Appendix 2: Interest tablesGlossaryIndex