The background to accounting Recording financial transactions Applying controls and concepts to financial information The profit and loss account and balance sheet Assets and liabilities Accounting and financing of multi-owner organisations Incomplete records and not-for-profits Cash flow statements Making sense of financial statements An introduction to management accounting Absorption costing and marginal costing Product costing Break-even and cost-volume-profit analysis Budgeting , including standard costing Investment appraisal Decision-making Environmental Accounting Contemporary Issues in Finance