Frank Wood's Business Accounting 15th Allan Sangster / Lewis Gordon 9781292365435

TITLE : Frank Wood's Business Accounting  Allan Sangster / Lewis Gordon

ISBN13 : 9781292365435 

PUBLISHER : PEARSON (2021)

EDITION : 15TH EDITION PAPERBACK

PAGES : 840 COLOR PAGES

For undergraduate degrees and professional courses in Accounting or Business.
Prepare for exams and learn essential accounting techniques with this bestselling and straightforward introduction to financial accounting
'A well-structured, easy-to-read introduction to the subject. Packed full of examples, it is a must have for students and professionals alike.' Dr Sarah Borthwick, Edinburgh Napier University
Frank Wood's Business Accounting, 15th edition is the world's bestselling textbook on bookkeeping and accounting. It is an uncomplicated introduction to what financial accounting is and does, teaching accounting ideas and methods using a straightforward style that is easy to digest whether you are new to accounting or not.
Used by generations of students and professionals across the globe, this book provides clear explanations of essential principles and concepts you need to have an understanding of in accounting, including the meaning of important terminology, fundamental bookkeeping and accounting techniques, the key financial statements, and the crucial importance of accounting to any business. 

Table of 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
Multiple-choice questions: Set 1

Part 2 The financial statements of sole proprietors 

7 Income statements 

8 Balance sheets 

9 Income statements and balance sheets: further considerations 10 Accounting concepts and the conceptual framework

Part 3 Books and transactions 

11 Books of original entry and ledgers 

12 Cash books 

13 The analytical petty cash book and the imprest system 

14 Accounting for sales, purchases and returns 

15 The journal 16 Value added tax (VAT)
Multiple-choice questions: Set 2

Part 4 Adjustments to financial statements 

17 Maths for accounting 

18 Inventory valuation 

19 Bad debts, allowances for doubtful debts, and allowances for prompt payment discounts 

20 Capital expenditure and revenue expenditure 

21 Depreciation 22 Accruals and prepayments
Multiple-choice questions: Set 3

Part 5 Controls, checks and errors 

23 Control accounts 

24 Bank reconciliations 

25 Errors not affecting the balancing of the trial balance 

26 Suspense accounts and errors 

27 Single entry and incomplete records
Scenario questions

Part 6 Further accounting procedures 

28 Introduction to the statement of cash flows 

29 Receipts and payments accounts and income and expenditure accounts 

30 Joint ventures
Multiple-choice questions: Set 4

Part 7 Accounting for partnerships 

31 Partnerships 

32 Goodwill for sole proprietors and partnerships 

33 Revaluation of partnership assets 

34 Partnership dissolution

Part 8 Accounting for companies 

35 Introduction to accounting for companies 

36 The published financial statements of companies 

37 The statement of cash flows for companies

Part 9 An introduction to financial analysis 

38 Accounting ratios 

39 Analysis and interpretation of financial statements

Part 10 Accounting today 

40 Accounting today
Multiple-choice questions: Set 5

Appendices 1 Answers to review questions 2 Answers to multiple-choice questions 3 Glossary Index Credits