Almost every qualification offered at tertiary institutions requires students to have basic accounting knowledge, yet few if any textbooks cater for those who have not done accounting as a matric subject. Practical accounting is therefore written for non-accounting students who need to gain the skills to comprehend accounting transactions and interpret financial statements.
Practical accounting has integrated topics in financial accounting and cost accounting, providing a broad overview that ranges from an introduction to fundamental principles to the preparation, analysis and interpretation of financial statements. The chapters are presented in an easily understandable format and have been structured to suit the new programmes of non-accounting students in the various universities and universities of technology in South Africa. There are many practical examples and self-assessment questions that will help students to master the basics of accounting.
Contents include the following:
· Accounting fundamentals
· Framework for the preparation and presentation of financial statements
· Business and professional ethics in accounting
· Bank reconciliation statements
· Property, plant and equipment
· Preparation of annual financial statements
· Statement of cash flows
· Analysis and interpretation of financial statements
· Basic cost accounting
· Manufacturing statements, accounts and statements
· Cost-volume-profit analysis
Practical accounting is aimed at students doing qualifications in marketing, human resources, logistics, engineering, information technology, retail management, advance operations management, advance business administration and so on, who have no previous accounting experience.
Chapter 1 Fundamentals of accounting
Chapter 2 Business and professional ethics in accounting
Chapter 3 Framework for the preparation and presentation of financial statements
Chapter 4 Accounting process
Chapter 5 Bank reconciliation
Chapter 6 Inventory and value-added tax
Chapter 7 Property, plant and equipment
Chapter 8 Annual financial statements
Chapter 9 Statement of cash flows
Chapter 10 Analysis and interpretation of financial statements
Chapter 11 Basic cost accounting
Chapter 12 Manufacturing statements, accounts, statements of profit or loss and other comprehensive income
Chapter 13 Cost-volume-profit analysis
Chapter 14 Budgets
Chapter 15 Payroll
Supplementary material available for this title includes:
This lecturer’s support material includes:
- PowerPoint outlines
- Suggested answers to textbook questions
- A test bank, including:
- True (T) or false (F) Questions
- Multiple choice questions
- Review questions
- JPEGs of all figures and tables
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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