Additional Information
Book Details
Abstract
Now going into its 9th edition, the successful textbook Book-keeping and Accounts is a vital guide for students undertaking studies of book-keeping and accounting for the first time. Through its gradual introduction of topics, explanation of technical terminology in a clear, easy to understand way, this text provides an accessible and reliable guide for any student in their undergraduate career.
New to this edition:
· Fully compliant with International Financial Reporting Standards (IFRS), with current IFRS terminology.
· Questions and exercises to test your understanding and help with revision.
· Selected chapters amended and re-structured.
· Full explanation of HMRC changes in VAT relating to cash discounts.
· Illustrations and diagrams to help explain key concepts.
· Updated ‘learning objectives’ and ‘chapter summaries’, to reflect developments in the financial environment
· Easy to understand to double entry book-keeping using the ‘IN’ and ‘OUT’ approach.
With its highly regarded authorship this text is used by lecturers for teaching students undertaking the following qualifications and examinations; Association of Accounting Technicians (AAT), International Association of Book-keepers (IAB), A Level Accounting, Oxford Cambridge and Royal Society of Arts (OCR), and as a general foundation text for personnel employed in the accountancy profession.
Accompanying the text is a collection of resources to support both lecturers and students which can be found at www.pearsoned.co.uk/wood
- For instructors : Solution’s manual, and Powerpoint slides
- For students : Opportunities to practise and additional support with our companion website
Table of Contents
| Section Title | Page | Action | Price |
|---|---|---|---|
| Front Cover | Front Cover | ||
| Title Page | iii | ||
| Copyright Page | iv | ||
| Contetns | v | ||
| Preface to the ninth edition | vii | ||
| Acknowledgements | viii | ||
| Part 1 Introduction to principles of accounting | 1 | ||
| 1 Introduction to accounting principles | 2 | ||
| 2 The accounting system | 9 | ||
| 3 The accounting equation and statement of financial position | 18 | ||
| 4 The double entry system for assets, liabilities and capital | 28 | ||
| 5 The double entry system for inventory | 40 | ||
| 6 The double entry system for expenses and revenues | 51 | ||
| 7 Balancing off accounts | 61 | ||
| 8 The trial balance | 70 | ||
| 9 Capital and revenue expenditures | 80 | ||
| Part 2 The financial statements of sole traders | 87 | ||
| 10 Introduction to statements of profit or loss | 88 | ||
| 11 Statements of financial position | 102 | ||
| 12 Statements of profit or loss and statements of financial position: further onsiderations\r | 108 | ||
| 13 Accounting standards, rules and concepts | 124 | ||
| Part 3 Books of original entry | 133 | ||
| 14 Value added tax (VAT) | 134 | ||
| 15 Business documentation | 151 | ||
| 16 Division of the ledger: sales day book and sales ledger including VAT | 161 | ||
| 17 Purchases day book and purchases ledger including VAT | 172 | ||
| 18 Sales returns day book and purchases returns day book | 179 | ||
| 19 Analytical day books | 192 | ||
| 20 Business banking | 201 | ||
| 21 Cash books | 213 | ||
| 22 Petty cash and the imprest system | 228 | ||
| 23 Bank reconciliation statements | 241 | ||
| 24 The journal | 256 | ||
| 25 Control accounts | 269 | ||
| Part 4 Adjustments for financial statements | 285 | ||
| 26 Depreciation of non-current assets | 286 | ||
| 27 Double entry records for depreciation and the disposal of assets | 295 | ||
| 28 Bad debts and allowances for doubtful debts | 304 | ||
| 29 Accruals, prepayments and other adjustments for financial statements | 316 | ||
| 30 Extended trial balance | 338 | ||
| 31 Inventory valuation | 360 | ||
| 32 Errors not affecting trial balance agreement | 369 | ||
| 33 Suspense accounts and errors | 383 | ||
| Part 5 Financial statements of other organisations | 397 | ||
| 34 Single entry and incomplete records | 398 | ||
| 35 Accounting for non-profit-making organisations | 418 | ||
| 36 Partnership accounts | 431 | ||
| 37 Limited company accounts | 449 | ||
| 38 Manufacturing accounts | 472 | ||
| 39 Analysis and interpretation of financial statements | 489 | ||
| Part 6 Associated accounting topics | 509 | ||
| 40 Computers and accounting systems | 510 | ||
| 41 Ethics: getting it right as a professional | 517 | ||
| Appendices | 523 | ||
| A Glossary of accounting terms | 524 | ||
| B Model layouts for financial statements and worksheets | 534 | ||
| C Multiple-choice questions | 545 | ||
| D Answers to multiple-choice questions in Appendix C | 560 | ||
| E Answers to exercises | 561 | ||
| Index | 616 | ||
| Back Cover | Back Cover |