Description

Accounting Simplified is a step-by-step introduction to financial accounting written in plain simple language. Taking students from the very basics to the elementary principles of management accounting, the text emphasises the real-world application of accounting methods and the importance of practising skills in order to reinforce learning. Drawing on years of experience as a university lecturer marking student exam papers, the author uses plenty of worked examples to set out the details of each topic before providing self-test questions for quick revision.

Features

• Broad coverage showing how to prepare, read and interpret cash flow budgets, profit and loss accounts, balance sheets and more.
• Emphasises how accounting methods are used in practice, from double-entry book-keeping to the basics of cost and management accounting.
• Includes worked examples and over 200 self-test questions with detailed worked solutions.
• Features dedicated revision chapters specially-designed to recap key concepts.

Table of Contents

• Preface
• Acknowledgements
• 1: Introduction to accounting
• 2: Double entry
• 3: Ledger accounts
• 4: Cash book
• 5: Bank reconciliation
• 6: Petty cash book
• 7: Value added tax
• 8: Purchases and returns day books
• 9: Sales and returns day books
• 10: Control accounts
• 11: Accruals and prepayments
• 12: Depreciation
• 13: Bad debts
• 14: The journal
• 15: Trial balance
• 16: Errors and suspense accounts
• 17: Revision
• 18: The valuation of stock
• 19: Trading account
• 20: Profit and loss account
• 21: Manufacturing account
• 22: Balance sheet
• 23: Revision
• 24: Incomplete records
• 26: Partnerships
• 27: Non-profit making organisations
• 28: Limited liability companies
• 29: Company financial reports
• 30: Revision
• 31: Cash flow statements
• 32: Analysis of financial statements – an introduction
• 33: Introduction to cost accounting
• 34: Break-even analysis
• 35: Budgeting
• 36: Standard costing
• 37: Revision
• 38: Investment appraisal
• 39: Revision
• 40: Computerised accounting
• 41: International accounting – the future
• Appendix 1: Self-test answers
• Appendix 2: Present value table
• Index

Back Cover

Accounting Simplified is a step-by-step introduction to financial accounting written in plain simple language. Taking students from the very basics to the elementary principles of management accounting, the text emphasises the real-world application of accounting methods and the importance of practising skills in order to reinforce learning.

 

Drawing on years of experience as a university lecturer marking student exam papers, the author uses plenty of worked examples to set out the details of each topic before providing self-test questions for quick revision.

 

Working through Accounting Simplified will help you:

·         Learn how to prepare, read and interpret cash flow budgets, profit and loss accounts, balance sheets and more.

·         Appreciate how accounting methods are used in practice, from double-entry book-keeping to the basics of cost and management accounting.

·         Try out your new skills on over 200 self-test questions and check your answers against detailed worked solutions.

·         Prepare for exams with dedicated revision chapters specially-designed to recap key concepts.

 

Visit the student companion website at www.pearsoned.co.uk/fortes to find additional practice exam questions (including hints to help you complete them) and the latest advice from chief examiners on how to do well in your exams.

 

Accounting Simplified is a straightforward introduction to financial accounting suitable for AQA, Edexcel and  OCR A level students and those studying for intermediate professional accounting programmes with AAT, ABE, ACCA, CIPFA and IFA.

 

Dr Hilary J Fortes is a lecturer, examiner and Chartered Accountant (SA). He has taught extensively in Europe, India, America and South Africa and is a member of the Institute of Chartered Accountants (South Africa) and the Institute of Chartered Management Accountants. He feels passionately about the need for accounting students to read, study and absorb concepts before reinforcing their learning through practice and revision.

Author

Dr Hilary J Fortes is a lecturer, examiner and Chartered Accountant (SA). He has taught extensively in the UK, continental Europe, India, America and South Africa and is a member of the Institute of Chartered Accountants (South Africa) and the Institute of Chartered Management Accountants. He feels passionately about the need for accounting students to read, study and absorb concepts before reinforcing their learning through practice and revision.