Benedict (London College of Accountancy) and Elliott (formerly Brighton University) introduce the financial accounting system, procedures for recording receivables and payables, the elements of financial statements, depreciation of assets, cash flow statements, and accounting for limited liability companies. Multiple choice questions and progressively more difficult questions conclude each chapter of the undergraduate textbook. All monetary amounts are listed in British pounds. Annotation ©2008 Book News, Inc., Portland, OR (booknews.com)