Basic accounting for non-accountants 3ed by Cloete, is an introductory text that covers both financial accounting and cost and management accounting. It is designed to equip students with a sound basic knowledge of both accounting fields. This book is ideally suited for students with little or no prior accounting background and can be used as a theoretical basis for the advancement of their lifelong learning. The book covers a wide range of topics relating to accountancy including: drawing up a basic financial statement; interpreting financial statements using ratio analysis; calculating the cost of products; preparing budgets; short-term decision making. Basic and comprehensive illustrative examples that are easy to understand have been included. This third edition also covers a new topic – capital budgeting.