Contemporary Financial Accounting

Description

Key Features

• •  According to the revised international accounting standards
  • Covers everything from accounting cycle to financial statements
  • Concepts explained with practical and real-life implementations

Table of Contents

1. 1. The Nature of Accounting
   2. Recording Business Transactions
   3. Starting the Accounting Cycle Journal, Ledger, Trial Balance
   4. The Accounting Cycle Continued: Work Sheet, Financial Statements, and Adjusting Entries
   5. Completing the Accounting Cycle for a Service Business: Closing Entries and the Post-Closing Trial Balance
   6. Internal Control and Accounting for Cash
   7. Banking Transactions and Bank Reconciliation Statement
   8. The Voucher System
   9. Accounting for a Merchandising Business: Purchases and Cash Payments
   10. Accounting for a Merchandising Business: Sales and Cash Receipts
   11. The Perpetual Inventory System
   12. Accounting for Bad Debts
   13. Work Sheet and Adjustments for a Merchandising Business
   14. Merchandise Inventory Adjustment and Work Sheet Using the Perpetual Inventory System
   15. Financial Statements and Closing Entries for a Merchandising Business
   16. Locating and Rectifying Accounting Errors
   17. Accounting for Plant Assets and Depreciation
   18. Statement of Cash Flows