Product Description
Basic Accounting for Non-Accountants (4th edition)
Authors: M Cloete, F Marimuthu
Format: Physical Hardcopy
Accounting is a system of gathering, analysing, recording, reporting, and interpreting financial information to make informed business decisions. The accounting discipline is continually changing in response to the external environment and is both stimulating and farreaching. Basic Accounting for Non-Accountants is an introductory text covering financial accounting, cost and management accounting, and financial management.
Basic Accounting for Non-Accountants teaches students financial literacy, a skill that will benefit them in both their personal and professional lives. It includes comprehensive illustrative examples that are easy to understand, with self-test questions and solutions to ensure that concepts are internalised before attempting the end-of-chapter exercises.
Contents have been updated in accordance with the relevant accounting standards and accounting environment, and additional end-of-chapter exercises have been provided to ensure that students have sufficient practice to reinforce accounting concepts.
Contents include the following:
Basic Accounting for Non-Accountants is aimed at students with little or no prior accounting background. It can be used as a theoretical basis for the advancement of their lifelong learning.
Melanie Cloete and Ferina Marimuthu are knowledgeable in both the education and the accounting fields, and have been working as academics at the Durban University of Technology (KwaZulu-Natal) for almost three decades.
Features:
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Drawing up basic financial statements
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Interpreting financial statements using ratio analysis
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Value-added tax (VAT)
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Calculating the cost of products
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Preparing budgets
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Short-term decision making
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Variance analysis
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Time value of money
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Capital budgeting
Contents:
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Chapter 1 Introduction to accounting
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Chapter 2 Financial accounting concepts and terminology
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Chapter 3 The accounting equation
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Chapter 4 Accounting cycle: journals, ledgers and trial balance
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Chapter 5 Basic financial statements with year-end adjustments
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Chapter 6 Company financial statements and their analysis and interpretation
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Chapter 7 Bank reconciliation
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Chapter 8 Value-added tax (VAT)
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Chapter 9 Cost classification and terminology
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Chapter 10 Materials
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Chapter 11 Labour
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Chapter 12 Overheads and job costing
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Chapter 13 Cost-volume-profit (CVP) analysis
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Chapter 14 Short-term decision making
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Chapter 15 Budgetary control
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Chapter 16 Standard costing and variance analysis
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Chapter 17 Time value of money
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Chapter 18 Capital budgeting
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