Includes bibliographical references and index.

Contents: Part 1: Introduction to financial accounting: 1. The background and the main features of financial accounting -- 2. Recording transactions -- 3. Inventory -- 4. The effect of profit or loss on capital and the double entry system for expenses and revenues -- 5. Balancing-off accounts -- 6. The trial balance -- Part 2: The financial statements of sole proprietors: 7. Statements of profit or loss: an introduction -- 8. Statements of financial position -- 9. Statement of profit or loss and statements of financial position: further considerations -- 10. Accounting concepts and assumptions -- Part 3: Books of original entry -- 11. Books of original entry and ledgers -- 12. The banking system in the UK -- 13. Cash books -- 14. Accounting for sales -- 15. Accounting for purchases -- 16. Accounting or returns -- 17. The journal -- 18. The analytical petty cash book and the imprest system -- 19. Value added tax -- 20. Columnar day books -- 21. Payroll accounting -- Part 4: Computerised accounting: 22. Information technology and accounting -- 23. Computerised information system -- Part 5: Adjustments for financial statements: 24. Capital expenditure and revenue expenditure -- 25. Bad debts, allowances for doubtful debts, and provisions for discounts on accounts receivable -- 26. Depreciation of non-current assets: nature and calculations -- 27. Double entry records for depreciation -- 28. Accruals and prepayments and other adjustments for financial statements -- 29. The valuation of inventory -- 30. Bank reconciliation statements -- 31. Control accounts -- 32. Errors not affecting the balancing of the trial balance -- 33. Suspense accounts and errors -- Part 6: Special accounting procedures -- 34. Introduction to accounting ratios -- 35. Single entry and incomplete records -- 36. receipts and payments accounts and income and expenditure accounts -- 37. Manufacturing accounts -- 38. Departmental accounts -- 39. Statements of cash flows -- 40. Joint venture accounts -- Part 7: Partnership accounts and company accounts: 41. Partnership accounts: an introduction -- 42. Goodwill for sole proprietors and partnerships -- 43. Revaluation of partnership assets -- 44. Partnership dissolution -- 45. An introduction to the financial statements of limited liability companies -- 46. Purchase of existing partnership and sole proprietor businesses -- Part 8: An introduction to financial analysis: 47. An introduction to the analysis and interpretation of accounting statements -- Part 9: An introduction to management accounting: 48. An introduction to management accounting.