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  • Basic Accounting for Non-Accountants 3/e Revised
  • Cloete M, Marimuthu F
  • ISBN: 9780627037191
  • eISBN: N/A
  • ePub ISBN: 9780627037207
  • 363 Pages | Published: 2018

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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LSM Manual

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