Description
Book SynopsisMartin Quinn is a full-time Lecturer in Accounting at Dublin City University, Dublin, Ireland. Previous to this he has eleven years experience in accounting and IT roles in the manufacturing sector. He is an Associate member of CIMA. He is also a registered PhD student at the University of Dundee aiming to complete his PhD in early 2009.
He has contributed to two academic texts in the past two years:
Drury, C. Management & Cost accounting, 7 edition 14 half page real world views
McLaney & Atrill, Accounting, an introduction, 4 edition a series of key concepts for the MAL tool and a review of questions within MAL.
Table of ContentsChapter 1 – Accounting fundamentals
- The nature, purpose and role of accounting
- Branches of accounting
- Accounting terms – assets, liabilities, income, expenditure etc
- Basic concepts – the business entity, underlying assumptions, accounting equation
- Users of accounting information and their needs – to include qualitative characteristics
Chapter 2 – The business plan- Preparing a plan to present to a bank/financier
- Appreciation of costs and cost structures
- The concept of breakeven
- The basics of budgeting and planning
Chapter 3 – Financing
- Sources of finance
- Financing options, costs, advantages/disadvantages
Chapter 4 – Keeping the books
- Source documents and records
- Books of original entry
- Computerised entry
Chapter 5 – Double entry accounting system
- Principles of the double-entry system
- Nominal and personal ledgers
- Control accounts – explanation and purpose
- The trial balance – preparation and purpose
Chapter 6 – Income statement and Balance Sheet (sole trader)
- Preparation of basic income statement and balance sheet from trial balance
- Would introduce revenues, expenditures, accruals, depreciation, stock valuation
- Layout of the financial statements
Chapter 7 – Accounts of limited companies
- Differences, additional requirements
Chapter 8 – Cash Flow Statement
- Preparation of a cash flow statement
Chapter 9 – Interpretation of financial statements
- Need to interpret accounts
- Usefulness and application of ratio analysis
- Main accounting ratios; relationships between ratios
Chapter 10 – valuation of companies
- Book v market value
- Some simple valuation methods
