Accounting for Non-Financial Managers, 5e offers a broad overview of the accounting and finance practice in business, delivered in a straightforward and easy to understand manner. Written for readers without prior knowledge of accounting or finance, the book explains how accounting information is used for planning, controlling, and financial decision making in both for-profit and not-for-profit organizations. A full treatment of debits and credits are covered in several "The mechanics of accounting" appendices in the Financial Accounting section. This inclusion will better prepare prospective small business owners, for whom keeping accurate business records is critical for the success of their small business.

To better meet the needs of our educators, the 5th edition, consisting of 18 chapters, is available in two forms. Accounting for Non-Financial Managers: The Basics, 5e (ISBN 978-1-55322-411-2), available in print format consists of the first three sections, covering financial accounting, managerial accounting, and finance in 15 chapters. The Basics together with Section 4, Special Topics in Accounting, forms the Accounting for Non-Financial Managers, 5e eBook edition (ISBN 978-1-55322-402-0). The three Special Topics in Accounting - Accounting for Not-for-Profit Organizations, Accounting and Personal Finance, and Elements of Taxation for Individuals and Small Businesses - are also available as individual eChapters to be used with the print edition. While the not-for-profit chapter is an excellent supplement for students in public policy programs, personal finance and elements of taxation are great topics that can be included for programs that focus on personal finance and entrepreneurship.

With the creation of a "flexible" Section 4, instructors will be able to include one or more special topics that can offer students a more in-depth application of accounting in different areas. We intend to expand this section in the future with additional special topics that are of interest to non-financial readers.

Included in the Fifth Edition

• Updated IFRS and ASPE concepts underlying accounting practices under IFRS set out in the CPA Canada Handbook
• Updated illustrative examples and financial statements with companies to reflect the current economic landscape in Canada and around the world
• Integrated budgeting and control practices to organizations' strategy formulation and implementation processes
• Explanation of how management accounting supports organizations in managing through uncertain times
• Expanded focus on modern budgeting, costing, pricing, and funding approaches
• Inclusion of recent industry examples to explain management accounting concepts
• Two new chapters: Accounting and Personal Finance and Elements of Taxation for Individuals and Small Businesses

Useful Learning Features

• Self-study problems
• Concept review questions
• Mini cases to allow for comprehensive application of concepts
• Free Stand-alone Self-Practice Resource available through instructors
• Expanded focus on modern budgeting, costing, pricing, and funding approaches

Section 2 Budgeting for Planning and Control
Chapter 8 Budgeting
Chapter 9 Cash Budgeting
Chapter 10 Budgetary Control
Chapter 11 Cost Behaviour and Break-Even Analysis
Chapter 12 Allocating Overhead: Activity-Based Costing and Product Costing

Section 3 Financial Decision Making
Chapter 13 Analysis of Short-Term Decisions
Chapter 14 Sources of Capital
Chapter 15 Long-Term Decision Making

Section 4 Special Topics in Accounting
Chapter 16 Accounting for Not-for-Profit Organizations
Chapter 17 Accounting and Personal Finance
Chapter 18 Elements of Taxation for Individuals and Small Businesses

Glossary of Important Terms

Index

Click here for a detailed table of contents.

Charles Draimin is Professor of Accountancy at the John Molson School of Business, Concordia University. Prof. Draimin was the creator of Mechanics of Accounting appendices and the original author of Accounting for Not-for-Profit Organizations.

The New Authors of the Fifth Edition

Gail Fayerman, CPA, CA is Senior Lecturer of Accountancy at the John Molson School of Business, Concordia University. She received her MBA from McGill University and her areas of expertise include financial accounting and reporting as well as not-for-profit accounting and reporting. She is also an author of a textbook dealing with advanced accounting topics.

Matthäus Tekathen is Associate Professor of Accountancy at the John Molson School of Business, Concordia University. He received his doctorate from EBS Business School, Oestrich-Winkel/Wiesbaden, Germany. His research focus includes risk management as well as management accounting and control practices in organizations, as reflected in several internationally recognized peer-reviewed scientific and practitioner articles.

Roberto Umana is a part-time faculty member at the School of Administrative Studies, York University. As a CPA, CA, with over 14 years of public accounting experience, he advises owner-managed businesses on issues related to accounting, assurance, and tax planning. He has brought his experience in the two new chapters of this fifth edition: "Accounting and Personal Finance" and "Elements of Taxation for Individuals and Small Businesses".