Essentials of Financial Accounting in Business

Front Cover
Cengage Learning EMEA, 2004 - Business & Economics - 448 pages
In this authoritative introduction to the subject, the authors explain and illustrate the ways in which financial accounting works in all its phases - from the use of source documents through to the formulation and presentation of accounts. In the process they explain basic concepts, with extended treatment of such fundamental issues as double-entry book-keeping and cash control. In this authoritative introduction to the subject, the authors explain and illustrate the ways in which financial accounting works in all its phases - from the use of source documents through to the formulation and presentation of accounts. In the process they explain basic concepts, with extended treatment of such fundamental issues as double-entry book-keeping and cash control.
 

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Contents

Potential users of financial information
15
The role of the accountant
26
Accounting concepts and conventions
37
ACCOUNTING FOR ECONOMIC TRANSACTIONS
47
INDIVIDUALS IN BUSINESS
107
Profitandloss account
127
Balance sheet
140
Presentation and principles
155
PARTNERS IN BUSINESS
233
Profitandloss account
243
Balance sheet
253
Partnership changes
264
General principles
283
Financial statements of a limited company
308
Statements of financial performance
323
THE ANALYSIS OF FINANCIAL STATEMENTS
339

Dealing with fixed assets
172
Accounting for nonpayment
186
Relationship between financial statements
195
Incomplete records
204
Investment ratios
355
OTHER TYPES OF ORGANISATION
375
Manufacturing organisations
391
Copyright

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