Accounting, 3rd Edition

Contents

About the Author

About the Book

Acknowledgements

1 INTRODUCTION TO ACCOUNTING

Introduction

Nature of Accounting

Importance of Accounting

Financial Accounting and Management Accounting

Users of Accounts

Accounting Context

Types of Accountancy

Types of Accountant

Limitations of Accounting

Conclusion

Discussion Questions

SECTION A: FINANCIAL ACCOUNTING: THE TECHNIQUES

2 THE ACCOUNTING BACKGROUND

Introduction

Financial Accounting

Language of Accounting

Student Example

Why Is Financial Accounting Important?

Accounting Principles

Accounting Conventions

Conclusion

Discussion Questions

Numerical Questions

Appendix 2.1: Illustration of a Consolidated Income Statement for Marks & Spencer plc 2010

Appendix 2.2: Illustration of a Consolidated Statement of Financial Position for Marks and Spencer plc 2010

Appendix 2.3: Illustration of a Consolidated Statement of Cash Flows for Marks and Spencer 2010

Appendix 2.4: Illustration of a Consolidated Income Statement for Volkswagen 2009

Appendix 2.5: Illustration of a Consolidated Balance Sheet (Statement of Financial Position) for Volkswagen 2009

Appendix 2.6: Illustration of a Consolidated Cash Flow Statement (Statement of Cash Flows) for Volkswagen 2009

3 RECORDING: DOUBLE-ENTRY BOOKKEEPING

Introduction

The Accounting Equation

Worked Example

Computers

Conclusion

Discussion Questions

Numerical Questions

4 MAIN FINANCIAL STATEMENTS: THE INCOME STATEMENT (PROFIT AND LOSS ACCOUNT)

Introduction

Context

Definitions

Layout

Main Components

Profit ...