Book-keeping and Accounts

Description

The new 7th edition of Book-keeping and Accounts is an up to date, attractive and comprehensive accountancy textbook that provides a progressive approach to learning and the principles of accounting and covers the requirements of many of the accountancy professional bodies examinations, including AAT, IAB, A Level and OCR.

Contents

PART 1  Introduction to Accounting Principles

Chapters  Title

1.  Introduction to accounting

2.  The accounting cycle

3.  The accounting equation and the balance sheet

4.  The double entry system for assets, liabilities and capital

5.  The double entry system for the asset of stock

6.  The double entry system for expenses and revenues

7.  Balancing off accounts

8.  The trial balance

9.  Capital and revenue expenditure

PART 2  The financial statements of a sole trader

10.  Trading and profit and loss accounts:  an introduction

11.  The balance sheet

12.  Financial statements:  further considerations

13.  Accounting concepts

PART 3  Books of original entry

14.  Business documentation

15.  Division of the ledger – Sales day book and sales ledger

16.  Purchases day book and purchases ledger

17.  Sales returns day book and purchases returns day book

18.  Value added tax

19.  Sales and purchases day books and ledgers with VAT

20.  The banking system

21.  Cash books

22.  Petty cash and the imprest system

23.  The journal

24.  Control accounts

25.  Bank reconciliation statements

PART 4  Adjustments to financial statements

26.  Methods of depreciation

27.  Double entry records for depreciation and the disposal of assets

28.  Bad debts and provision for doubtful de

29.  Other adjustments for financial statements

30.  Extended trial balance

31.  Stock valuation

32.  Errors and their effect on accounting records

33.  Suspense accounts and errors

PART 5  Financial statements of other organisations

34.  Single entry and incomplete records

35.  Club and society accounts

36.  Partnership accounts

37.  Limited company accounts

38.  Manufacturing accounts

39.  Analysis and interpretation of accounts

PART 6  Other considerations

40.  Computers and accounting systems

41.  Professional ethics

Appendices

A  Glossary of accounting terms

B  Model layouts for financial statements and worksheets

C  Multi-choice questions

D  Answers to multi-choice questions

E  Answers to exercises

Features

This new, fully updated 7th edition, boasts a number of new features:

FEATURES

• presentation of financial statements updated in the light of recent legislation to the Companies Act 2006, as well as changes in financial terminology and the growing use of computer software packages for recording financial data.  
• inclusion of ‘Professional Ethics’ in the workplace has also been introduced with this topic now being part of many of the examining bodies curriculum.  
• includes four new chapters as follows: The Accounting Cycle; Business Documents; Computers and Accounting Systems; Professional Ethics  
• ‘Learning Objectives’ at the beginning of each chapter updated to reflect changes in both the financial environment and any changes in the accountancy examining bodies syllabuses.  The ‘Chapter Summary’ is also revised to enable students to recall the main learning objectives of the chapter.
• throughout the book there is a full revision of the financial data in both examples and questions to reflect the current value of assets, liabilities and capital.
• chapter on ‘Banking’ revised and updated to reflect changes in the banking system, and additional examples and questions, including VAT, have been added to the ‘Journal’ chapter.
• attractive new full colour design, with fully redesigned diagrams and flowcharts  
• additional examples and questions added with the use of past examination questions wherever possible

Author

Frank Wood is the world's best-selling author of accounting textbooks.

Sheila Robinson, BA (Hons), Cert Ed,FMAAT, is a former senior lecturer in Accountancy and Business Studies. A practising accountant and consultant, she is also a council member and director of a professional accountancy body and is the well-established author of a number of accountancy textbooks.