Format: Paperback, 1st Coursepack Edition Published In: United Kingdom, 05 September 2007 Every year, thousands of students rely on Frank Wood's best-selling books to help them pass their accountancy exams. Business Accounting Volume 1is the world's best-selling textbook on bookkeeping and accounting. Now in its tenth edition, it has become the standard introductory text for accounting students and professionals alike.New to this edition: *Over 120 brand new review questions for exam practice *Coverage of International Accounting Standards 2005 *Additional and updated worked examples for areas of difficulty *Treatment of VAT for companies operating within the United Kingdom *Expanded introduction to the language and history of accounting Features: *Easy-to-follow explanations of contemporary accounting practice, including double entry bookkeeping and the preparation of financial statements *Clear and logical progression through topics *Activities designed to reinforce your understanding of key concepts *Over 300 review questions, including past Examination Board questions *100 multiple choice questions with answers *Regularly-updated companion website including further self-test questions and accounting standards updates Business Accounting Volume 1 is used on a wide variety of courses in accounting and business, both at secondary and tertiary level and for those studying for professional qualifications. 'A classic textbook that has set thousands of students on a straight path since it was first published, Wood & Sangster's Business Accounting can be recommended without reservation to all accounting students.' Dr George Iatridis, University of Athens, Greece and University of Manchester 'I highly recommend Business Accounting because it is clear and direct to the point, which makes it easy for students to understand. This is especially true for students who want to study accounting for the first time or have little knowledge of the accounting subject.' Caroline Teh, Inti College, Malaysia. Table of Contents Notes for Teachers and Lecturers Notes for Students PART ONE: INTRODUCTION TO DOUBLE ENTRY BOOKKEEPING 1. The accounting equation and the balance sheet 2. The double entry system for assets, liabilities and capital 3. The asset of stock 4. The effect of profit or loss on capital and the double entry system for expenses and revenues 5. Balancing of accounts 6. The trial balance PART TWO: THE FINANCIAL STATEMENTS OF SOLE TRADERS 7. Trading and profit and loss accounts: an introduction 8. Balance Sheets 9. Trading and profit and loss accounts and balance sheets: further considerations 10. Accounting Concepts PART THREE: BOOKS OF ORIGINAL ENTRY 11. Books of original entry and ledgers 12. The banking system 13. Cash books 14. The sales day book and the sales ledger 15. The purchases day book and the purchases ledger 16. The returns day books 17. The journal 18. The analytical petty cash book and the imprest system 19. Value added tax 20. Columnar day books 21. Employees' pay 22. Computers and accounting 23. Computerised accounting systems PART FOUR: ADJUSTMENTS FOR FINANCIAL STATEMENTS 24. Capital and revenue expenditure 25. Bad debts, provisions for doubtful debts, provisions for discounts on debtors 26. Depreciation of fixed assets: nature and calculations 27. Double entry records for depreciation 28. Accruals and prepayments and other adjustments for financial statements 29. The valuation of stock 30. Bank reconciliation statements 31. Control accounts 32. Errors not affecting trial balance agreement 33. Suspense accounts and errors PART FIVE: SPECIAL ACCOUNTING PROCEDURES 34. Introduction to accounting ratios 35. Single entry and incomplete records 36. Receipts and payments accounts and income and expenditure accounts 37. Manufacturing accounts 38. Departmental accounts 39. Cash flow statements 40. Joint venture accounts PART SIX: PARTNERSHIP ACCOUNTS AND COMPANY ACCOUNTS 41. Partnership accounts: an introduction 42. Goodwill for sole traders and partnerships 43. Revaluation of partnership assets 44. Partnership dissolution 45. An introduction to the financial statements of limited liability companies 46. Purchase of existing partnership and sole traders' businesses PART SEVEN: AN INTRODUCTION TO FINANCIAL ANALYSIS 47. An introduction to the analysis and interpretation of accounting statements PART EIGHT: AN INTRODUCTION TO MANAGEMENT ACCOUNTING 48. An introduction to management accounting APPENDICES 1. Answers to review questions 2. Answers to multiple-choice 3. GlossaryIndex Prizes Business Accounting is the world's bestselling textbook on bookkeeping and accounting. It provides students with a clear and straight forward introduction to the core techniques and skills required to fully understand the foundations of financial accounting. Each topic is back up by a wealth of worked examples, as well as a rich pool of self assessment material, so that students can monitor their own progress and understanding. Publisher: Financial Times Prentice Hall ISBN: 1405886188 Dimensions: 24.0 x 18.0 centimetres (1.33 kg) EAN: 9781405886185

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