A Concepts-based Introduction to Financial Accounting
Published in October 1997
Book
Paperback/Softback
564 pages
978-0-7021-3774-7 (ISBN)
Description
This publication integrates the conceptual and procedural approaches to the teaching of introductory accounting. The emphasis throughout the book is that double-entry bookkeeping is merely the mechanical recording of an accounting concept, and understanding the concept is the important issue. This approach should lead to a greater acceptance and understanding by students of the mechanical processing of data through the double-entry system.
More details
Language
English
Place of publication
Cape Town
South Africa
Target group
College/higher education
Adult education
Dimensions
Height: 230 mm
ISBN-13
978-0-7021-3774-7 (9780702137747)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Content
Part 1 A conceptual overview: the role of accounting in business; the accounting framework; the accounting equation and the analysis of transactions. Part 2 The accounting process: recording transactions for a service entity; adjusting entries; preparation of the financial statements; closing entries. Part 3 The accounting process for a merchandising entity: recording transactions for a merchandising entity; the analysis journals; VAT. Part 4 Recognition and measurement of the elements of the financial statements: fixed assets and depreciation; inventory and cost of sales; accounts receivable and bad debts; cash and bank; long-term and current liabilities; owner's equity. Part 5 Entity forms: accounting for partnerships; accounting for close corporations; accounting for companies; business combinations; accounting for non-business entities; Part 6 Sundry topics: cash flow statements; analysis of financial records.