Accounting: an introduction to principles and practices

Description

Title Page Contents Chapters 1 - 4 Chapters 5 - 7 Chapters 8 - 10 Chapters 11 - 14 Chapter 1: Accounting: its foundations Introduction to business operations Basic accounting terms Types of business ownership, their advantages and disadvantages Accounting assumptions: conventions and doctrines The Conceptual Framework and accounting standards Ethics as it applies to accounting Chapter 2: Financial transactions and their documentation Personal transactions Business transactions Documentation Filing of documentation Chapter 3: The accounting equation The accounting equation Balance sheet (or statement of financial position) The expanded accounting equation Chart of accounts Chapter 4: Transactions, general journals and double-entry processing An overview of the accounting process Introduction to the general journal Introduction to the goods and services tax (GST) Transactions entered in the general journal General journals posted to the general ledger Trial balance: summary of general ledger balances Chapter 5: Transactions, specialised journals and double-entry processing The process so far Specialised journals Source documents entered in journals Preparation of specialised journals Sales journal: sell now, be paid later Purchases journal: buy now, pay later Cash receipts journal Cash payments journal Cash payments journal with accounts payable Transactions review Discounts: result of credit transactions Cash accounting Organisational standards and procedures Chapter 6: Separate ledgers for accounts receivable and accounts payable What can we now do? Subsidiary ledgers and control accounts Relevance of the inventory system to receivables and payables Accounts receivable control and subsidiary ledger Accounts payable control and subsidiary ledger Administration of accounts receivable and accounts payable Reconciliations Reconciliations: accounts receivable Reconciliations: accounts payable Other subsidiary ledgers and control accounts Chapter 7: Journals and ledgers for special transactions Chapter 8: Management controls over cash Chapter 9: The general ledger and financial reports Chapter 10: Matching expense and revenue to the accounting period Chapter 11: Preparing final reports from a worksheet Chapter 12: Advanced management reports and correction of errors Chapter 13: Accounting for non-current assets Chapter 14: Payroll preparation and accounting entries Glossary Index Reconciliations: accounts payable