Accounting, 9th Edition

ISBN: 9781118608227

Accounting, 9th Edition provides a clear explanation of accounting concepts, with an emphasis placed on readability and providing high-quality examples. The text demonstrates how accounting principles are put into practice, which helps you understand the relevance behind the theory.


This text comes with WileyPLUS, where you can access an online version of the textbook as well as a wealth of interactive iStudy resources. In addition, you can access a comprehensive collection of practice tests that will help you ace your exams. By offering varied questions and instantaneous feedback to your answers, WileyPLUS makes every study session successful.


  • Scene Setters at the start of each chapter present issues and topics relevant to the chapter and concepts for review and expected learning outcomes. This provides you with a clear outline for each chapter.
  • Concepts for Review sections identify what you should have learnt before studying the current chapter.
  • Learning Checks summarise the key points from the preceding section.
John Hoggett has taught accounting at several different universities in Western Australia and Queensland during his 40 years as an academic. He has taught introductory accounting, corporate accounting and accounting theory to undergraduate and postgraduate students.

Lew Edwards is Emeritus Professor of the School of Accounting, Queensland University of Technology. Lew’s career includes over 25 years teaching financial and managerial accounting to undergraduate and postgraduate students. He is both a chartered accountant and a CPA, and served for many years on education and technical standards committees of the professional accounting bodies.

John Medlin is a senior lecturer in the School of Commerce at the University of South Australia. After working in the industry for a few years, John moved to education where he has lectured in both financial and management accounting, accounting theory economics and business finance.

Keryn Chalmers
Monash University

Andreas Hellmann

Claire Beattie

Jodie Maxfield

Part 1. Accounting for decision making
1. Decision making and the role of accounting
2. Financial statements for decision making

Part 2. Accounting systems and processes
3. Recording transactions
4. Adjusting the accounts and preparing financial statements
5. Completing the accounting cycle — closing and reversing entries
6. Accounting for retailing
7. Accounting systems
8. Accounting for manufacturing
9. Cost accounting systems

Part 3. Financial planning, control and decision making
10. Cash management and control
11. Cost–volume–profit analysis for decision making
12. Budgeting for planning and control
13. Performance evaluation for managers
14. Differential analysis, profitability analysis and capital budgeting

Part 4. Equity in business
15. Partnerships: formation, operation and reporting
16. Companies: formation and operations

Part 5. Accounting regulation of assets and liabilities
17. Regulation and the Conceptual Framework
18. Receivables
19. Inventories
20. Non-current assets: acquisition and depreciation
21. Non-current assets: revaluation, disposal and other aspects
22. Liabilities

Part 6. External reporting and performance evaluation
23. Presentation of financial statements
24. Statement of cash flows
25. Analysis and interpretation of financial statements

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