Accounting is a system of gathering, analysing, recording, reporting and interpreting financial information that will assist in making informed business decisions. The accounting discipline is constantly changing in response to the external environment, and is both stimulating and far-reaching. Basic accounting for non-accountants is an introductory text that covers aspects of financial accounting, cost and management accounting and financial management.
Basic accounting for non-accountants includes comprehensive illustrative examples that are easy to understand. All chapters have been updated and additional tutorial questions have been provided to give students sufficient practice to rein-force their newly acquired knowledge. This third edition also covers a new topic – capital budgeting.
Contents include the following:
- Drawing up basic financial statements
- Interpreting financial statements using ratio analysis
- Calculating the cost of products
- Preparing budgets
- Short-term decision making
- Variance analysis
- Time value of money
- Capital budgeting
Basic accounting for non-accountants is aimed at students with little or no prior accounting background and can be used as a theoretical basis for the advancement of their lifelong learning.
Melanie Cloete and Ferina Marimuthu are knowledgeable in both the education and the accounting fields and have been working as academics at the Durban University of Technology (KwaZulu-Natal) for more than two decades.
CHAPTER 1 Introduction to accounting
CHAPTER 2 Financial accounting concepts and terminology
CHAPTER 3 The accounting equation
CHAPTER 4 Basic financial statements
CHAPTER 5 Basic financial statements with year-end adjustments
CHAPTER 6 Company financial statements and their analysis and interpretation
CHAPTER 7 Bank reconciliation
CHAPTER 8 Value-added tax (VAT)
CHAPTER 9 Cost classification and terminology
CHAPTER 10 Materials
CHAPTER 11 Labour
CHAPTER 12 Overheads and job costing
CHAPTER 13 Budgetary control
CHAPTER 14 Standard costing and variance analysis
CHAPTER 15 Short-term decision making
CHAPTER 16 Cost-volume-profit (CVP) analysis
CHAPTER 17 Time value of money
CHAPTER 18 Capital budgeting
Supplementary material available for this title includes:
• PowerPoint Templates for all chapters (these temapltes are outlines to assist you with your lectures)
• Suggested answers to Exercises in the textbook
• An additional test bank
• Jpegs of all figures and tables
• A PDF of the revised Chapter 8 about VAT
All source material (excluding figures and tables) has been supplied in an editable format (Microsoft Office) and you can fully customise it to your needs.
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