Chapter 1 Introduction
What is Accounting?
Who Uses Financial Information?
The Accounting Entity
Assets, Liabilities and Equity
Chapter 2 Applying Accounting Assumptions
The Statement of Financial Position
The Income Statement
Capital and Revenue Expenditure
Chapter 3 Accounting Transactions
Goods and Services Tax
The Accounting Equation
Recording Assets, Liabilities and Equity
Chapter 4 The General Ledger
The Chart of Accounts
Recording Balances in the Ledger
Transactions – Assets, Liabilities and Equity
Transactions – Income and Expenses
Preparing the Trial Balance
Chapter 5 Cash Journals and Bank Reconciliation
The Cash Receipts Journal
Posting Cash Receipts to the Ledger
The Cash Payments Journal
Posting Cash Payments to the Ledger
Chapter 6 Preparing Financial Statements
Financial Statements Revisited
Financial Statements from a Trial Balance
Chapter 7 More Financial Statements
Adjusting the Trial Balance
Chapter 8 Trading Organisations and Cash Budgets
The Trading Statement
Preparing the Income Statement
Chapter 9 Analysing Financial Performance
The Gross Profit Percentage
Looking at Expenses
Looking at Profit
Chapter 10 Analysing Financial Position
Looking at Liquidity
The material has been arranged as closely as possible to the Achievement Standards without sacrificing sound pedagogy. Teachers may therefore work straight through the text and be confident that the course has a logical structure and flow. However, it is also possible to individualise schemes of work while using this course because chapters do not necessarily depend upon those that have gone before.
Emphasis is placed on the conceptual base of accounting and the illustration of concepts using practical examples, with a decision-making approach based on case studies maintained throughout.
The text is accompanied by a student workbook which provides the tasks, sufficient space to complete them and partially worked answers to the early problems in each set of exercises. This provides the maximum student interaction with the material immediately after it is introduced, thereby developing student confidence.