Brief Description

Financial Accounting: The Question Book accompanies the third edition of the popular textbook Financial Accounting: An introduction. The Question Book strengthens understanding of accounting concepts by providing practice on the topics covered in the textbook chapters. The book progresses logically from teaching basic transactions to developing sound financial literacy. The questions have been carefully selected and revised to comply with changes in accounting practice and principles.

Key features

• The questions have been graded as easy, intermediate and advanced so that students can monitor their progress and build their understanding systematically.
• The questions are multifaceted, testing concepts from different perspectives. This teaches students to separate relevant from irrelevant data and equips them to answer different types of questions in their examinations.
• There is a selected solutions section which allows students to check their progress.
• A full solutions manual is also available to prescribing lecturers.

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