ABSTRACT

Introduction to the Accounting Process brings clarity to to the process of setting up an accounting system, including a basic explanation of how to enter numbers into the system manually. The clear structure of the book provides students with good insight into the basics of accounting.

The book consists of four parts:

  • designing an accounting system
  • special entries and frequently occurring themes such as VAT, clearing of invoices and discounts
  • international aspects of accounting, including ratio analysis
  • an integrated case enabling students to show their knowledge in practice

The simple structure and concise nature of the book, combined with a useful companion website, will help students to improve on any deficiencies in the subject.

part I|63 pages

The accounting system

chapter 1|5 pages

Balance sheet

chapter 2|8 pages

Ledger accounts

chapter 3|8 pages

Eight-column financial statements

chapter 4|5 pages

Closing the ledger accounts

chapter 5|8 pages

Journal entries

chapter 6|12 pages

Special journals

chapter 7|16 pages

Sub-ledger accounts

part 2|36 pages

Special entries

chapter 8|3 pages

The decimal accounting system

chapter 9|9 pages

VAT (value-added tax)

chapter 10|7 pages

Withdrawals

chapter 11|5 pages

Sales revenues

chapter 12|6 pages

Various entries in cash books

chapter 13|5 pages

Adjusting entries

part 3|29 pages

International aspects of accounting

chapter 14|7 pages

Various formats of financial statements

chapter 15|10 pages

Ratio analysis

chapter 16|11 pages

Cash flow statements

part 4|9 pages

Case study:Hoovers

chapter 17|8 pages

Case study: Hoovers