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Now in its fifth edition, this highly respected and popular text provides non-specialist accounting and finance students on business studies courses with an essential introduction to the role of accounting in a wider managerial setting.Completely updated to reflect recent changes in International Financial Reporting Standards (IFRS), Accounting in a Business Context is one of the most comprehensive texts available. The logical step-by-step approach introduces students to accounting initially by considering an accessible cash-based small business, then carefully builds layers of complexity (e.g. buying and selling on credit) to facilitate clear understanding.New to this Edition- Updated to reflect recent changes in International Financial Reporting Standards (IFRS)- New pedagogical features to aid learning, including ¿Learning Outcomes¿ and ¿Activity¿ boxes - Increased use of real-life examples in the case studies - Use of more international companies in case studies and examples - Enhanced online support resources- Exciting new text design