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Book-keeping and Accounts

Book-keeping and Accounts

9th Edition

Frank Wood, Sheila Robinson

Nov 2017, Paperback, 632 pages
ISBN13: 9781292129143
ISBN10: 129212914X
For orders to USA, Canada, Australia, New Zealand or Japan visit your local Pearson website
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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

PART 1 INTRODUCTION TO PRINCIPLES OF ACCOUNTING

1: Introduction to accounting principles

2: The accounting system

3: The accounting equation and statement of financial position

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

5: The double entry system for inventory

6: The double entry system for expenses and revenues

7: Balancing off accounts

8: The trial balance

9: Capital and revenue expenditures

PART 2 THE FINANCIAL STATEMENTS OF SOLE TRADERS

10: Introduction to statements of profit or loss

11: Statements of financial position

12: Statements of profit or loss and statements of financial position: further considerations

13: Accounting standards, rules and concepts

PART 3 BOOKS OF ORIGINAL ENTRY

14: Value added tax (VAT)

15: Business documentation

16: Division of the ledger: sales day book and sales ledger including VAT

17: Purchases day book and purchases returns day book

19: Analytical day books

20: Business banking

21: Cash books

22: Petty cash and the imprest system

23: Bank reconciliation statements

24: The journal

25: Control accounts

PART 4 ADJUSTMENTS TO FINANCIAL STATEMENTS

26: Depreciation of non-current assets

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

28: Bad debts and allowances for doubtful debts

29: Accruals, prepayments and other adjustments for financial statements

30: Extended trial balance

31: Inventory valuation

32: Errors not affecting trial balance agreement

33: Suspense accounts and errors

PART 5 FINANCIAL STATEMENTS OF OTHER ORGANISATIONS

34: Single entry and incomplete reocrds

35: Accounting for non-profit-making organisations

36: Partnership accounts

37: Limited company accounts

38: Manufacturing accounts

39: Analysis and interpretation of financial statements

PART 6 ASSOCIATED ACCOUNTING TOPICS

40: Computers and accounting systems

41: Ethics: getting it right as a professional

APPENDICES A TO E