Succeed in Financial Accounting N4 provides students with the necessary theoretical knowledge to write their exams and the practical application to enter the workplace confidently.

Succeed in Financial Accounting N4 provides students with the necessary theoretical knowledge to write their exams and the practical application to enter the workplace confidently.

Features

  • Learning outcomes are listed at the start of each chapter and reviewed again in summary form at the end of the chapter for students to use when studying.
  • Cartoons, illustrations, diagrams and photos present information visually.
  • Examples, Case Studies and Did You Know boxes link theory to industry and bring the content to life.
  • Key Terms are explained on the page where they are used and a Glossary is included at the end of the book.
  • Key Points highlight core information, which students will find useful when studying.
  • Power Break activities allow for discussion and revision.
  • Assessment questions at the end of each chapter provides test and exam practice.

Part 1: Introduction and revision
1Accounting theory, principles and concepts
2Recording of transactions from source documents
3Bank reconciliation
4Control accounts
5Results of sole traders: activities and financial status
Part 2: Accounting entries for a trading organisation (periodic stock system)
1Recording transactions in the General Ledger
2Adjusting the book of first entry to accommodate the periodic stock system
3Calculation of Cost of Sales
4Trading Stock as year-end adjustment
5Closing transfers
6Financial statements
Part 3: Departmental accounts (periodic stock system)
1Aim of Departmental accounts
2Adaptation of source documents
3Books of original entry (Subsidiary Journals)
4Adaptation of relevant accounts in the General Ledger
5Departmental Trading Statement
6Departmental Income Statement
Part 4: Organisations without a profit motive
1Aim of non-trading organisations
2General Ledger accounts of non-trading organisations
3Special funds from legacies and donations
4Concepts in respect of incomes, expenses, receipts and payments
5Analysis Cash Book
6Trading account
7Statement of income and expenses (Income and Expenditure account)
8Adjustment of the set of accounts to provide for a profit section
9Balance Sheet (statement of financial position)
Part 5: Cash flow statement of a sole trader
1Aim of the Cash Flow Statement
2Users of the Cash Flow Statement
3Explanations and concepts of the Cash Flow Statement
4Non-cash flow items
3Procedure for the drafting of a Cash Flow Statement
TVET college students studying Financial Accounting at N4 level.
  • Financial Accounting N4 Student Book



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