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  • Basic accounting for non-accountants 4/e
  • Cloete M, Marimuthu F
  • ISBN: 9780627038907
  • eISBN: N/A
  • ePub ISBN: 9780627038914
  • 436 Pages | Published: 2021

Accounting is a system of gathering, analysing, recording, reporting, and interpreting financial information to make informed business decisions. The accounting discipline is continually changing in response to the external environment and is both stimulating and farreaching. Basic accounting for non-accountants is an introductory text covering financial accounting, cost and management accounting, and financial management.


Basic accounting for non-accountants teaches students financial literacy, a skill that will benefit them in both their personal and professional lives. It includes comprehensive illustrative examples that are easy to understand, with self-test questions and solutions to ensure that concepts are internalised before attempting the end-of-chapter exercises.  Contents have been updated in accordance with the relevant accounting standards and accounting environment, and additional end-of-chapter exercises have been provided to ensure that students have sufficient practice to reinforce accounting concepts.


Contents include the following:

·         Drawing up basic financial statements

·         Interpreting financial statements using ratio analysis

·         Value-added tax (VAT)

·         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. It 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 almost three decades.



Chapter 1 Introduction to accounting

Chapter 2 Financial accounting concepts and terminology

Chapter 3 The accounting equation

Chapter 4 Accounting cycle: journals, ledgers and trial balance

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 Cost-volume-profit (CVP) analysis

Chapter 14 Short-term decision making

Chapter 15 Budgetary control

Chapter 16 Standard costing and variance analysis

Chapter 17 Time value of money

Chapter 18 Capital budgeting


Supplementary material available for this title includes:

  • PowerPoint outlines
  • Test Bank
  • Suggested answers to textbook exercises
  • JPEGs of figures and tables

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