Description:

Financial Accounting: An Introduction offers CA stream students a strong conceptual framework in preparation for further studies in Accounting, while teaching non-CA stream students financial literacy, a skill that will benefit them in both their personal and professional lives. The book does not simply teach the accounting standards; it demonstrates that accounting is about ‘how to’ as well as ‘why to’ record and report information in a way that engages directly with Generation Y students.

Key features

• A concepts-based approach so students understand Accounting principles
• A narrative theme involving a ficitional small business entrepreneur, which introduces students to basic accounting concepts in practice
• Worked examples and intertext exercises to reinforce learning
• Excellent, varied questions which test and develop students’ conceptual framework. Solutions are available on the website
• A glossary and key concepts list to serve as a quick student reference guide

Chapter 1. Accounting in context
Chapter 2. The purpose of accounting
Chapter 3. The practice of accounting
Chapter 4. The conceptual framework
Chapter 5. Value added tax
Chapter 6. Adjustments
Chapter 7. Inventory
Chapter 8. Bank reconciliation statements
Chapter 9. Introducing credit: Trade payables
Chapter 10. The other side of credit: Trade receivables and working capital management
Chapter 11. Property, plant and equipment (PPE)
Chapter 12. Companies
Chapter 13. Partnerships, and a brief note on close corporations (CCs)
Chapter 14. Statement of cash flows
Chapter 15. Financial analysisl
Chapter 16. Non-profit organisations and club accounting
Chapter 17. Incomplete records and other accounting issues
Chapter 18. Integrating accounting into the business