A Complete Course in Business Accounting

A clear and user-friendly design, with chapter objectives and summaries help place each topic in context.Contains worked examples throughout making accounting skills clearer and easier to learn. Provides complete coverage of the basic principles of accounting for AAT and AS/A Level courses.Includes stepped questions with answers to build and revise students accounting skills.Key definitions, terms and equations are highlighted in the text for easy reference.A FREE online solutions manual contains fully worked answers to all of the questions in the main textbook. www nelsonthornes.com/further/business_accounting/

Table of Contents:
Part 1 An introduction to accounting: what is accounting?; types of business organizations; sources of finance. Part 2 Introducing accounting systems in business: the basic principles of business accounting systems; how transactions are recorded in accounts; returns and the running balance method of recording; business accounting systems in practice. Part 3 Recording income and receipts: sales on credit (1) - an introduction; sales on credit (2) - the sales journal; banking transactions; the cash book. Part 4 Making and recording payments: purchases on credit (1) - an introduction; purchases on credit (2) - the purchases journal; the returns journals; analyzed journals; VAT and VAT returns; the petty cash book; processing expense claims. Part 5 Preparing ledger balances and an initial trial balance: the bank reconciliation statement; the use of control accounts; the trial balance, its limitations and the use of the journal. Part 6 Supplying information for management control: the purpose of management information; the use of cost centres and coding of costs; providing comparisons on costs and income; accounting for payroll. Part 7 Preparing financial statements: introducing final accounts - sole traders; adjustment to final accounts; bad debts and provisions for debtors; capital and revenue expenditure; the depreciation of fixed assets - introduction; the depreciation of fixed assets - continued; accounting for partnerships; accounting for limited companies; cash flow statements; accounting for clubs and societies; the journal and use of the suspense account; the extended trial balance. Part 8 Using accounting information: accounting standards; evaluating business performance - accounting ratios; accounting for manufacturing organizations; absorption and marginal costing; the use of budgets. Part 9 Further accounting issues: the sale and purchase of a business; stock valuation; accounting for incomplete records; success in exams.