Introduction to Accounting

Front Cover
The fully revised and updated Third Edition of this textbook provides an accessible introduction to accounting for students coming to the subject for the first time. It embraces the basic techniques and underlying theoretical concepts in accounting and shows how these are applied in various circumstances.

This New Edition incorporates major changes which improve and update the previous edition. It can be easily used by students working on their own, as well as in a classroom environment.

It provides:

- Fully illustrated & worked examples

- Student Activities

- End of chapter questions, many of which have been taken from major accounting examination bodies.

-The solutions to all activities are given at the end of each chapter, and answers to the end of chapter questions are also supplied.

Introduction to Accounting is an essential textbook for undergraduate accounting students. It is designed to meet the needs of both the non-specialist and those intending to specialise in accounting at undergraduate and also postgraduate levels. The Solutions Manual will be available via the SAGE website.

 

Contents

1 The framework of accounting
1
2 The balance sheet
10
3 Profit calculated as the increase in capital
31
4 The preparation of accounts from cash or incomplete records
48
the initial recording of transactions
82
ledger accounts and the trial balance
107
periodic accounting reports
153
8 Asset valuation profit measurement and the underlying accounting concepts
191
10 Company accounts
276
the cashflow statement
338
ratio analysis
369
13 Decisionmaking
421
14 Standard costing and budgetary control
458
Appendix
481
Index
533
Copyright

9 Partnerships
239

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