Intended mainly for students of Foundation- and Intermediate-level accounting courses, this straightforward introduction to accounting and bookkeeping is also suitable for Business Studies degree-course modules in accounting. The extensively revised fifth edition covers the ASB Statement of Principles and has more on cost accounting and marginal costing. There is added emphasis on not-for-profit sectors, and additional material on basic bookkeeping, wage calculation, PAYE, National Insurance and VAT. The book is exam-orientated, with many exercises and assignments, and six case studies are presented to develop understanding and application. The exercises are suitable for running on Sage or other accounting software.