Frank Wood's business accounting 1 Frank Wood 1926-2000

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 7 Accounting concepts and assumptions Part 2 Books and transactions 8 Books of original entry and ledgers 9 Cash books 10 The analytical petty cash book and the imprest system 11 Accounting for sales, purchases, and returns 12 The journal 13 Value added tax (VAT) Part 3 Financial statements 14 Income statements 15 Balance sheets 16 Income statements and balance sheets: further considerations 17 Capital expenditure and revenue expenditure 18 Inventory valuation Part 4 Accounting today 19 Accounting today Part 5 Adjustments for financial statements 20 Bad debts, allowances for doubtful debts, and provisions for discounts on accounts receivable 21 Depreciation 22 Accruals and prepayments Part 6 Checks and errors 23 Control accounts 24 Bank reconciliations 25 Statements of cash flows 26 Errors not affecting the balancing of the trial balance 27 Suspense accounts and errors Part 7 Special accounting procedures 28 Receipts and payments accounts and income and expenditure accounts 29 Manufacturing accounts 30 Departmental accounts 31 Joint ventures Part 8 Partnership accounts and company accounts 32 Partnerships 33 Goodwill for sole proprietors and partnerships 34 Revaluation of partnership assets 35 Partnership dissolution 36 Company accounts 37 Purchase of existing partnership and sole proprietor businesses Part 9 An introduction to financial analysis 38 Maths for accounting 39 Accounting ratios 40 Single entry and incomplete records 41 Analysis and interpretation of financial statements Part 10 An introduction to management accounting 42 An introduction to management accounting Appendices 1 Answers to review questions 2 Answers to multiple choice questions 3 Glossary Index