Financial Accounting
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Introduction to Financial Accounting

for SALE

For just £10 you will receive

  • a chapter of text
  • a batch of relevant questions: new, ACCA style and CIMA style
  • fully worked solutions to all questions

In addition to exhaustive discussions of the topics, each section includes many worked examples, practice for you to do, Excel Spreadsheets with functions and formulae fully explained. Most of all, each section contains PRACTICAL information: what really happens, how it really happens and how you can learn from reality. This approach turns a dry, academic series of pages to endure into a major resource to help you to learn and apply what you have learned.

These sections are aimed at students at university, working for ACCA and CIMA exams and at practitioners ... even non accountants could benefit enromously, such as MBA students.

Contents: 129 pages, 36,000 words, numerous tables, diagrams and charts

In the main text there is:

  • Bookkeeping and Accounting
  • Introduction
  • ACCA Web Site for Paper 1.1
  • Classification of Accounting Entries: Excel comes to help!
  • Introduction to the Balance Sheet, Profit and Loss Account and Bookkeeping
  • Double Entry Bookkeeping Begins!
  • Parrot Approach
  • All Debit Entries MUST Equal the Sum of All Credit Entries
  • The Trial Balance: introduced for now
  • Excel Finds the Balances
  • Debit and Credit Balances
  • More Formal Bookkeeping
  • The Books of Prime Entry
  • The Trial Balance: finding and correcting errors
  • Errors that the Trial Balance Does Not Disclose
  • Suspense Accounts and the Correction of Errors
  • Excel and Final Accounts Practice

and in the background to financial accounting file:

  • What are the Objectives of Accounting?
  • A Brief Review of Accounting History
  • Company and Partnership Law
  • Accounting Standards
  • Accounting Systems and Software
  • Who Uses Accounting Information and Why?
  • Two Overall Development Pathways for Accounting
  • The Trueblood Report
  • The Wheat Committee of the USA
  • The Committee reported in 1972 and proposed
  • The Conceptual Framework of Accounting
  • What Would we do if we Didn't Have Accounting Statements?
  • Sources
  • Accounting Concepts and Conventions
  • An update to include FRS 18 and the IASB Framework
  • The Going Concern Principle:
  • Brief Notes on Historical Cost Accounting
  • Brief Notes on the Entity Concept
  • What is the definition of stewardship accounting?
  • Conflicts in Accounting Concepts and Conventions
  • Brief Notes on Conflicts of Interest in Accounting and Financial Reporting
  • Questions with Solutions

email support: all fully paid up subscribers will be free to ask follow up questions by email to seek clarification and further guidance as they wish: we promise a turnaround of within 24 hours of all questions.

Format: our work comes in Adobe Acrobat format..

Place your order: to order, just go to the Financial Accounting Department's OnLine Shop now and to confirm whether you want the email and/or the Paper based or CD-ROM based version.

Duncan Williamson
29 April 2003
© Duncan Williamson 2003