Applied Accounting is tailored to meet the needs of students taking a first-year course in Financial Accounting as part of a Higher Certificate in Accounting or a Diploma in Accounting (or equivalent) in terms of both the curriculum covered and the approach toward teaching and learning.
Features
- An opening practical example which illustrates the concepts introduced in each chapter
- Worked examples which guide students through the problem in a step-by-step manner and help them recognise when a particular technique is appropriate or inappropriate
- practical activities and end-of-chapter questions which allow students to practise the ideas learnt in each chapter
- Clear definitions that reinforce the basic concepts
- Groupwork exercises in the form of discussion questions or activities which encourage students to work collaboratively
1Ethics
2Introduction to accounting
3The accounting equation
4Value-added taxation and profit calculations
5Source documents and subsidiary journals
6General ledger, trial balance and basic financial statements for a sole proprietor
7Accounts receivable and accounts payable
8Bank reconciliation and the bank reconciliation statement
9Inventory
10Property, plant and equipment (PPE)
11Adjustments, closing entries and financial statements
12Ratio analysis
13Partnerships, close corporations and non-profit organisations
14Introduction to statement of cash flows
15The Conceptual Framework
16Incomplete records
First-year students taking a Diploma in Accounting or a National Higher Certificate: Accountancy or NHC: Financial Information Systems at universities of technology or comprehensive universities.
