Foundation Accounting 5th Ed.

Intended mainly for students of Foundation- and Intermediate-level accounting courses, this straightforward introduction to accounting and bookkeeping is also suitable for Business Studies degree-course modules in accounting. The extensively revised fifth edition covers the ASB Statement of Principles and has more on cost accounting and marginal costing. There is added emphasis on not-for-profit sectors, and additional material on basic bookkeeping, wage calculation, PAYE, National Insurance and VAT. The book is exam-orientated, with many exercises and assignments, and six case studies are presented to develop understanding and application. The exercises are suitable for running on Sage or other accounting software. Contents: The accounting scene; receipts and payments and the cash book; the measurement of profit; the balance sheet; depreciation; bookkeeping; bookkeeping for fixed assets and depreciation; trial balances; the asset of stock petty cash; control accounts; bank accounts; internal control; discounts, bad debts and hire purchase; valued added tax (VAT); accounting for stocks and materials costing; labour costs; overheads; manufacturing accounts; construction industry; departmental accounts; incomplete records; income and expenditure accounts; partnerships; limited companies; interpretation of accounts; investment ratios; service sector and public service accounting; decision making; forecast cash flows and financial statements; published company accounts; cash flow statements and company finance; regulatory framework of accounting; the accounting conventions. appendices: answers to selected exercises; six case studies; six assignments; glossary of accounting terms.