This book is part of an established series of cross-referenced texts offering a detailed and integrated coverage of the key areas of accounting and financial management. This integrated approach encourages students to develop: an understanding of the organizational and societal roles of accounting and financial management; technical skills relating to procedural and computational aspects of accounting and financial management; analytical skills relating to the problem-structuring and systems design aspects of accounting and financial management; and evaluative skills in relation to both the theory and practice of accounting and financial management. This book is divided into two sections: the first introduces and explains relevant theories and techniques, and is followed by the innovative workbook which contains discussion questions and computational problems with answers, case studies and reprinted items to illustrate key points. The new edition is updated and includes more case studies and problems for the student. The chapters have been adjusted to provide a more logical ordering and the material on options has been extensively revised to incorporate its changing context. The book should be of interest to students of accounting taking their first course in financial management; non-accounting specialists taking accounting and financial courses (engineers, economists, scientists etc); MBA abd DMS students; and students taking professional exams. An LPBB edition is available.