Introduction to Financial Accounting, 9e

PART 1: Theframework of accounting  

1 Entities and financial reporting statements (including the natureand objectives of financial accounting)

2 Financial reporting: institutional framework and standards

3 The Conceptual Framework 1: objective of financial statements,stakeholders and other reports

4 The Conceptual Framework 2: concepts, principles and policies

5 The Conceptual Framework 3: the qualitative characteristics offinancial information

6 Auditing, corporate governance and ethics  

PART 2: Double-entry bookkeeping (recording transactions and thebooks of account)

7 The accounting equation and its components  

8 Basic documentation and books of account

9Double entry and the general ledger  

10 The balancing of accounts and the trial balance  

11 Day books and the journal  

12 The cash book and petty cash book

PART 3: Preparing final financial statements for sole traders

13 The final financial statements of sole traders (introductory)

14 Adjustment for depreciation and non-current assets

15 Irrecoverable receivables and allowance for irrecoverablereceivables

16 Adjustment for accruals and prepayments

17 Inventory valuation

18 The extended trial balance and final financial statements(advanced)

PART 4: Internal control and check

19 The bank reconciliation statement

20 Control accounts

21 Errors and suspense accounts

22 Single entry and incomplete records

PART 5: Partnerships

23 The final financial statements of partnerships

24 Changes in partnerships

25 Partnership dissolution and conversion to a limited company

PART 6: Companies

26 The nature of limited companies and their capital

27 The final financial statements of limited companies

28 Statement of cash flows

29 The appraisal of company financial statements using ratio analysis

Appendix 1: Case studies

Appendix 2: Solutions to exercises

Glossary

Index

Introduction to Financial Accounting is a market-leading textbook that offers comprehensive coverage of all the fundamental accounting techniques and practices required by the major accountancy bodies, and explains the reasons why transactions are accounted for in a particular manner. The authors provide stimulating discussion that enables students to think strategically about the influence that accounting has on economic decision-making and its impact on wider society.


For students undertaking a degree in accounting or business studies, this ninth edition has been fully revised and updated to the latest accounting standards. It provides a contemporary approach whilst retaining its highly valued concise, student-friendly chapters and practical content. This essential resource is packed with real world examples, worked examples and exercises to keep students engaged and to aid understanding of complex accounting theory.


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