Includes glossary and index.

Contents: 1. Introduction to double entry bookkeeping: The accounting equation and the statement of financial position -- The double entry system for assets, liabilities and capital -- Inventory -- The effect of profit or loss on capital and the double entry of system for expenses and revenues -- Balancing-off accounts -- The trial balance -- 2. The financial statement of sole traders: Income statements: an introduction -- Statements of financial position -- Income statements and statements of financial position: further considerations -- Accounting concepts and assumptions -- 3. Books of original entry: Books of original entry and ledgers -- The banking system in the UK -- Cash books -- Sales day book and sales ledger -- Purchases day book and purchases ledger -- Returns day books -- The journal -- The analytical petty cash book and the imprest system -- Value added tax -- Columnar day books -- Employees' pay -- Computers and accounting -- Computerised accounting systems -- 4. Adjustments for financial statements: Capital expenditure and revenue expenditure -- Bad debts, allowances for doubtful debts, and provisions for discounts on accounts receivable -- Depreciation of non-current assets: nature and calculations -- Double entry records for depreciation -- Accruals and prepayments and other adjustments for financial statements -- The valuation of inventory -- Bank reconciliation statements -- Control accounts -- Errors not affecting the balancing of the trial balance -- Suspense accounts and errors -- 5. Special accounting procedures: Introduction to accounting ratios -- Single entry and incomplete records -- Receipts and payments accounts and income and expenditure accounts -- Manufacturing accounts -- Departmental accounts -- Statements of cash flows -- Joint venture accounts -- 6. Partnership accounts and company accounts: Partnership accounts: an introduction -- Goodwill for sole proprietors and partnerships -- Revaluation of partnership assets -- Partnership dissolution -- An introduction to the financial statements of limited liability companies -- Purchase of existing partnership and sole proprietor businesses -- 7. An introduction to financial analysis: An introduction to the analysis and interpretation of accounting statements -- 8. An introduction to management accounting: An introduction to management accounting --