Business Accounting Basics

This textbook has been written to provide a concise but comprehensive introduction to financial accounting.

It is suitable for beginners to this subject area and provides an introduction to the major topics covered within an introductory bookkeeping or financial accounting course. The textbook would be ideal for those studying for A and AS level, IGCSE, Scottish Higher Qualifications, Association of Accounting Technicians, university undergraduate degree courses and professional accountancy qualifications.

The textbook is based on the International Financial Reporting Standard (IFRS) and the International Accounting Standard (IAS) framework, meaning it can be used by students across the world rather than any one country in particular.

Each chapter begins with learning objectivities which outline what skills and techniques will be acquired by completion of the chapter. The chapter will explore each topic in sufficient detail with explanation of each topic accompanied by fully worked-out examples accompanied by explanations and reference to the relevant international accounting standards throughout.

Frequent learning checks appear throughout each chapter in the form of review questions. These are included in each chapter and follow a scale of increasing challenge. This provides accessibility for all students whilst providing the relevant challenge for the student who is keen to practice further as the chapter progresses. Answers for each of the review questions appear at the end of the textbook.

The textbook is written on the assumption that the user of the book has limited or no knowledge of accounting. Although each chapter is largely self-contained, the chapters are arranged in a sequential order. This means that review questions in later chapters will require the completion of the subject metier in the earlier chapters. Where review questions require prior knowledge, this is highlighted.

Although the textbook is written to comply with international standards so as to maximise its usefulness for students of accounting across the globe, the chapter on Value Added Tax is based on the UK rate as at May 2010 of 17.5%.

An Instructor’s Manual, which contains further guidance on the how to use the text­book, how to approach particular topics, as well as additional review questions for each chapter, is available from


Chapter 1. Introduction
Chapter 2. Double-entry bookkeeping
Chapter 3. Financial statements
Chapter 4. Day books and ledgers
Chapter 5. Value added tax
Chapter 6. Capital and revenue expenditure
Chapter 7. Accounting concepts and standards
Chapter 8. Adjustments to the financial statements
Chapter 9. Bad debts and provision for doubtful debts
Chapter 10. Depreciation of non-current assets
Chapter 11. Errors and suspense accounts
Chapter 12. Control accounts
Chapter 13. Bank reconciliation statements
Chapter 14. Manufacturing accounts
Chapter 15. Limited companies
Appendix 1: Answers to review questions
Appendix 2: Glossary

Formato:  pdf Comprimido:  rar Peso:  99.98 MB Lenguaje:  Inglés

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