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Practical accounting

By: Contributor(s): Material type: TextTextPublication details: UK FT Prentice Hall 2001Description: 894p., 246 x 189mm, Exercises, index, paperbackISBN:
  • 0273646605
Subject(s):
Contents:
Part 1 The financial-accounting process: the need to account; recording cash receipts and payments; the double-entry book-keeping; obtaining information from the accounting system; the trial balance; reporting performance and period-end position; period-end adjustments; subsidiary books of account; supporting accounts; the journal; finalization of accounts; accounting using spreadsheets. Part 2 Control over bank, debtors and creditors: bank account and bank reconciliation; control accounts. Part 3 Concerning non-monetary assets: accounting for assets; depreciation of tangible fixed assets; stock in trade. Part 4 Further aspects of financial reporting: liabilities, provisions and contingencies; post-balance-sheet events; accounting for value-added tax; interpretation of financial statements. Part 5 Standardization of accounting and conceptual framework: the accounting standards; accounting concepts; conveying accounting information; revenue recognition. Part 6 Accounting in different contexts: single entry and incomplete records I and II; accounting for non-profit-making concerns; manufacturing accounts. Part 7 The control function: accounting systems and controls; fixed assets - appraisal and financing; planning and control - budgeting; standard costing and variance analysis; short-term decision-making - profit, volume, cost analysis. Part 8 Computerized accounting: computers in accounting. Part 9 Partnership accounting: partnership accounts - appropriations, unrecorded assets, dissolution and conversion; accounting for joint ventures. Part 10 Accounting for limited companies: companies - an introduction, shares and debentures, annual accounts for internal use, published financial statements. Part 11 Additional information vehicles: cash-flow statements; more vehicles for communicating information; group accounts - fully-owned subsidiary, partly-owned subsidiary and associates; inflation accounting.
Holdings
Item type Current library Call number Status Date due Barcode
Standard Loan Thurles Library Main Collection 657 BEN (Browse shelf(Opens below)) Available R07073KRCT
Standard Loan Thurles Library Main Collection 657 BEN (Browse shelf(Opens below)) Available R07053KRCT

Enhanced descriptions from Syndetics:

This introduction to financial accounting also includes an extensive selection of practice questions. Knowledge and skills are developed progressively through illustrations and interactive questions integrated within the text.

This introduction to financial accounting also includes an extensive selection of practice questions. Knowledge and skills are developed progressively through illustrations and interactive questions integrated within the text.

Part 1 The financial-accounting process: the need to account; recording cash receipts and payments; the double-entry book-keeping; obtaining information from the accounting system; the trial balance; reporting performance and period-end position; period-end adjustments; subsidiary books of account; supporting accounts; the journal; finalization of accounts; accounting using spreadsheets. Part 2 Control over bank, debtors and creditors: bank account and bank reconciliation; control accounts. Part 3 Concerning non-monetary assets: accounting for assets; depreciation of tangible fixed assets; stock in trade. Part 4 Further aspects of financial reporting: liabilities, provisions and contingencies; post-balance-sheet events; accounting for value-added tax; interpretation of financial statements. Part 5 Standardization of accounting and conceptual framework: the accounting standards; accounting concepts; conveying accounting information; revenue recognition. Part 6 Accounting in different contexts: single entry and incomplete records I and II; accounting for non-profit-making concerns; manufacturing accounts. Part 7 The control function: accounting systems and controls; fixed assets - appraisal and financing; planning and control - budgeting; standard costing and variance analysis; short-term decision-making - profit, volume, cost analysis. Part 8 Computerized accounting: computers in accounting. Part 9 Partnership accounting: partnership accounts - appropriations, unrecorded assets, dissolution and conversion; accounting for joint ventures. Part 10 Accounting for limited companies: companies - an introduction, shares and debentures, annual accounts for internal use, published financial statements. Part 11 Additional information vehicles: cash-flow statements; more vehicles for communicating information; group accounts - fully-owned subsidiary, partly-owned subsidiary and associates; inflation accounting.

Table of contents provided by Syndetics

  • Section A The financial accounting process
  • Chapter 1 The need to account
  • What is accounting?
  • Why write up accounts?
  • Chapter 2 Recording cash receipts and payments
  • The need to control cash
  • Controlling cash receipts and payments
  • How does keeping a Cash account allow the manager to control cash?
  • Recording cash receipts and payments by an individual
  • Balancing an account
  • A business Cash account
  • The procedure for entering cash transactions in the Cash account
  • Accounting for cash taken by the owner for personal use
  • Solutions to Interactive Questions
  • Progressive Questions
  • Chapter 3 The double entry book keeping
  • The need to analyse cash transactions
  • How do we obtain the analysis?
  • The effect of each cash transaction on assets, liabilities, income and expenditure
  • Analysis of transactions by posting to Ledger accounts
  • The operation of the double entry system
  • Sub-division of the Ledger
  • Solutions to Interactive Questions
  • Progressive Questions
  • Chapter 4 Obtaining information from the accounting system
  • Cross-referencing the double entry
  • Accuracy of accounting information
  • Checking whether every transaction has been posted
  • An illustration of posting from the Cash account to Ledger accounts
  • Solutions to Interactive Questions
  • Progressive Questions
  • Chapter 5 The Trial Balance
  • The total of the debits should equal the total of the credits
  • What is a Trial Balance?
  • How frequently should a Trial Balance be prepared?
  • Types of accounting error
  • Transposition errors
  • Does a balanced Trial balance prove absence of accounting error?
  • Accounting control procedures to prevent errors and fraud
  • Solutions to Interactive Questions
  • Progressive Questions
  • Chapter 6 Reporting performance and period-end position
  • Reporting performance using the Category Quadrants
  • Reporting performance using a Trading and Profit and Loss account
  • Using Category Quadrants to report the financial position of a business
  • Using a Balance Sheet to report the financial position of a business
  • The procedure for preparing a Trading and Profit and Loss account and Balance Sheet
  • Accounting for an unsold part of purchases
  • Accounting for depreciation of fixed assets
  • Solutions to Interactive Questions
  • Progressive Questions
  • Chapter 7 Period-end adjustments
  • The accounting procedures at the end of an accounting period
  • Period-end adjustments
  • Prepayments and accruals illustrated diagrammatically
  • Accounting for "opening" and "closing" stock
  • Accounting for goods removed for own use by the proprietor
  • Improvements top the appearance of financial statements
  • An introduction to accounting ratios
  • Solutions to Interactive Questions
  • Progressive Questions
  • Chapter 8 Subsidiary books of account
  • Introduction to credit transactions
  • The Sales Day Book
  • The Purchases Day Book
  • Returns Day Book
  • Trade Discount
  • The Journal
  • Petty Cash Book
  • Day Books with analysis columns
  • Value Added Tax - an introduction
  • Solutions to Interactive Questions
  • Progressive Questions
  • Chapter 9 Supporting accounts
  • Introduction to supporting accounts
  • Sales Returns account
  • Purchases Returns account
  • Drawings account
  • Provision for depreciation account
  • Provision for doubtful debts account
  • Adjusting a Provision for doubtful debts in subsequent years
  • Where the Provision account and Bad debts account are combined
  • A Provision for impairmentAn account, its class and its balance
  • Sales made on "sale or return" basis
  • Solutions to Interactive Questions
  • Progressive Questions
  • Chapter 10 The Journal
  • The need for a journal
  • Transactions usually journalized
  • The style of presenting a journal entry
  • Composite journal entries
  • Journal entries for recording asset acquisitions and disposals
  • Journal entries for correction of errors and transfers
  • Journal entries for period-end adjustments
  • Journal entries for opening new books of accounts
  • Suspense account
  • Solutions to Interactive Questions
  • Progressive Questions
  • Chapter 11 Finalisation of accounts
  • What finalisation of accounts involves
  • Checking the accuracy of accounting balances
  • Period-end adjustments
  • Presentation of the financial state

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