The Elements of Accounting: An Introduction

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Cambridge University Press, Mar 19, 1992 - Business & Economics - 182 pages
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A concise introduction to the content and structure of accounting statements and the double entry system that underlies them. This book is intended as a first introduction to the subject and assumes no previous knowledge or experience of accounting. Worked numerical examples are an integral part of the exposition, and exercises (with solutions) are provided. There are also chapters on the interpretation of accounts, on accounting for price changes, and on broader aspects of accounting. The emphasis throughout is on understanding fundamental principles rather than on detailed practical procedures.
 

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Contents

Basic concepts
1
The accounting framework
13
The accounting system elements of double entry accounting
29
The accounting system revenues and expenses
42
The accounting system accruals prepayments and depreciation
59
The interpretation of accounts
85
Accounting for price changes
101
The collection and processing of accounting data
127
Some extensions and suggestions for further reading
136
Solutions to exercises
147
Notes
173
Index
178
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About the author (1992)

Whittington is Price Waterhouse Professor of Financial Accounting at the University of Cambridge, and a Fellow of Fitzwilliam College, Cambridge. He is currently a part-time member of the Monopolies and Mergers Commission, and Academic Adviser to the Accounting Standards Board.

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