An Introduction to Financial Accounting

The nature of financial accounting; the accounting equation and its components; basic documentation and books of account; the general ledger; the balancing of accounts and the trial balance; day books and the journal; the cash book; the petty cash book; the final accounts of small traders; accounting concepts; depreciation and fixed assets; bad debts and provisions for bad debts; prepayments and accruals; the preparation of final accounts from the trial balance; manufacturing accounts and the valuation of stocks; the bank reconciliation statement; control accounts; errors and suspense accounts; single entry and incomplete records; the final accounts of clubs; accounting for hire purchase transactions; investment accounts; departmental and branch accounts; the final accounts of partnerships; changes in partners - revaluations and goodwill; the nature of limited companies and their capital; the preparation of the final accounts of limited companies; changes in share capital; the appraisal of company accounts using ratios; cash and fund flow statements; value added tax and columnar books of prime entry; the use of computers in accounting; accounting for changing price levels; the conceptual framework of accounting.