{"product_id":"introduction-to-accounting-9780761970385","title":"Introduction to Accounting","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThe fully revised and updated\u003cb\u003e Third Edition\u003c\/b\u003e of this textbook provides an accessible introduction to accounting for students coming to the subject for the first time. It embraces the basic techniques and underlying theoretical concepts in accounting and shows how these are applied in various circumstances.\u003cp\u003eThis \u003cb\u003eNew Edition\u003c\/b\u003e incorporates major changes which improve and update the previous edition. It can be easily used by students working on their own, as well as in a classroom environment.\u003c\/p\u003e\u003cp\u003eIt provides:\u003c\/p\u003e\u003cp\u003e- Fully illustrated \u0026amp; worked examples\u003c\/p\u003e\u003cp\u003e- Student Activities \u003c\/p\u003e\u003cp\u003e- End of chapter questions, many of which have been taken from major accounting examination bodies.  \u003c\/p\u003e\u003cp\u003e-The solutions to all activities are given at the end of each chapter, and answers to the end of chapter questions are also supplied. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eIntroduction to Accounting\u003c\/b\u003e is an essential textbook for undergraduate accounting students. It is designed to meet the needs of both the non-specialist and those intending to specialise in accounting at undergraduate and also postgraduate levels. The Solutions Manual will be available via the SAGE website.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\u003cb\u003e`Introduction to Accounting\u003c\/b\u003e has already stood the test of time, and this new and improved third edition will ensure that it remains one of the best, if not the \"best ever\" introductory textbooks on accounting′- \u003cb\u003e\u003ci\u003eMichael Sherer, University of Essex \u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003e\u003ci\u003e`I think the book admirably achieves the authors′ objective of providing an introduction to accounting which embraces both the basic techniques and the underlying theoretical concepts′- \u003cb\u003e\u003ci\u003eAccounting and Business Research\u003c\/i\u003e\u003c\/b\u003e\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e\u003ci\u003e\u003cb\u003e\u003ci\u003e`…an excellent book which should be compulsory reading for all first year students on accounting degree courses′- \u003cb\u003e\u003ci\u003eAssociation of Banking Teachers Bulletin\u003c\/i\u003e\u003c\/b\u003e\u003c\/i\u003e\u003c\/b\u003e\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eTHE FRAMEWORK OF ACCOUNTING    The Accounting Process    Suppliers of Accounting Information    Financial Accounting and Management Accounting Compared    External Users of Accounting Information    Principal Accounting Statements THE BALANCE SHEET    The Entity Concept    Classification of Assets and Sources of Finance    The Accounting Equation: A Further Illustration    Raising Further Finance    The Investment Decision     Business Development    The Trading Cycle    Reporting Changes in Owner′s Capital    Assets = Capital + Liabilities    Valuation of Assets PROFIT CALCULATED AS THE INCREASE IN CAPITAL    Profitable Activity    Profit and Changes In Gross Assets    Balance Sheet Presentation: Vertical Format    Profits, Losses and Changes In Net Assets    Profit Measured By Capital Changes    Capital Injections and Withdrawals THE PREPARATION OF ACCOUNTS FROM CASH OR INCOMPLETE RECORDS    Accounting Systems and Information Requirements    The Matching Concept    Gross Profit and Net Profit    The Problem of Periodic Profit Calculation    The Identification of Revenue: The Realization Concept    Matching Expenditure With Revenue: The Benefit Principle    The Preparation of Accounts From Cash Records: A Worked Example    Clubs and Societies THE DOUBLE ENTRY SYSTEM I    The Inital Recording of Transactions    Introduction    Cash Flows    Flows Of Goods And Services THE DOUBLE ENTRY SYSTEM II    Ledger Accounts and the Trial Balance    Introduction    The Interlocking Effect of Transactions    Ledger Accounts    Books of Prime Entry    Control Accounts For Debtors and Creditors    The Trial Balance    Computerized Accounting Systems    Advantages of Double Entry THE DOUBLE ENTRY SYSTEM III    Periodic Accounting Reports    Periodic Accounts    Adjustments To The Trial Balance    Stocks (Inventories)    Depreciation    Disposal of Fixed Assets    Prepayments and Accruals    Bad Debts    The Adjusted Trial Balance ASSET VALUATION, PROFIT MEASUREMENT AND THE UNDERLYING ACCOUNTING CONCEPTS    Asset Valuation and Profit Measurement    Tangible Fixed Assets    Intangible Fixed Assets    Stock Valuation Methods    Accounting Concepts PARTNERSHIPS    Introduction    The Partnership Agreement    The Creation of A Partnership    The Division of Profit    Capital and Current Accounts    Changes in Membership    Change in Profit-Sharing Ratio    Dissolution of Partnerships COMPANY ACCOUNTS    Formation of Registered Companies    The Annual Report    Other Sources of Information    Share Capital    Share Premium Account    Share Forfeiture    The Rights Issue    Loan Capital and Debentures    The Appropriation Account    Revaluation Reserve    Redemption of Debentures    Bonus (Capitalization, Scrip) Issue of Shares    Reporting Financial Performance (FRS 3)    Groups of Companies    Goodwill and Intangible Assets (FRS 10)    Research and Development (SSAP 13)    Limitations of Company Accounts INTERPRETATION OF ACCOUNTS    The Cash Flow Statement    Introduction    Format    Statement Construction    Some Complexities of The Cash Flow Statement    Interpretation using The Cash Flow Statement INTERPRETATION OF ACCOUNTS    Ratio Analysis    The Need for Profit and Cash    Principles of Ratio Analysis    Classification of Accounting Ratios    Return on Capital Employed    Profit Ratios    Solvency Ratios    Asset Turnover Ratios    Relationship Between Accounting Ratios    Gearing (or Leverage)    Cash Flow Statement Ratios    Limitations of Accounting Ratios    Linking Together Cash Flow Analysis and Ratio Analysis DECISION-MAKING    Introduction    Cost Behaviour    Total Costing and Overhead Recovery Rates    Investment Appraisal    Forecast Results STANDARD COSTING AND BUDGETARY CONTROL    Introduction    Budgetary Control    Preparation of Budgets    Standard Costing    Calculation of Variances End of chapter questions (After each chapter) Solutions to activities (After each chapter)","brand":"SAGE Publications Ltd","offers":[{"title":"Default Title","offer_id":51768007557463,"sku":"9780761970385","price":999.99,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780761970385.jpg?v=1758715878","url":"https:\/\/bookcurl.com\/products\/introduction-to-accounting-9780761970385","provider":"Book Curl","version":"1.0","type":"link"}