Prepare for your exams and learn essential accounting techniques with this bestselling introduction to financial accounting. Frank Wood's Business Accounting, 15th edition is the world's best-selling textbook on bookkeeping and accounting, ideal for those who are new to the field as well as students and professionals who are more experienced.
With its clear structure and reader-friendly language, it is a comprehensive, easy-to-follow introduction to the principle ideas and methods in business accounting, from the all-important terminology and techniques to the key financial statements.
With updated, enhanced features and review questions, this edition will broaden your understanding of the methods around the subject and create a solid foundation for your knowledge in accounting.
Such features are the Learning Objectives and Outcomes included at the beginning and end of each chapter, giving you a clear learning direction and allowing you to check your knowledge of the material. A range of activities and questions throughout the book will help you further test what you have learned, followed by the answers at the end of each chapter so you can learn from your mistakes and solidify your knowledge.
Used by generations of students and professionals across the globe, this industry-leading text provides everything you need to know, to gain a solid understanding of the essential accounting principles and concepts.
Instructors, pair this text with MyLab® Accounting By combining trusted author content with digital tools and a flexible platform, MyLab?personalises?the learning experience and improves results for each student.?Over 700 questions and problems are available in MyLab which test the ideas in this book, many of which can be used multiple times with a different calculation each time to complete.
If you would like to purchase both the physical text and?MyLab?Accounting search for:
9781292365510 Frank Wood's Business Accounting 15th Edition with MyLab® Accounting.
Package consists of:
9781292365435 Frank Wood's Business Accounting 15th Edition
9781292365480 Frank Wood's Business Accounting 15th Edition MyLab® Accounting
9781292365473 Frank Wood's Business Accounting 15th Edition Pearson eText
Part 1 Introduction to financial accounting
The background and the main features of financial accounting
Recording transactions
Inventory
The effect of profit or loss on capital and the double entry system for expenses and revenues
Balancing-off accounts
The trial balance
Multiple-choice questions: Set 1
Part 2 The financial statements of sole proprietors
Income statements
Balance sheets
Income statements and balance sheets: further considerations
Accounting concepts and the conceptual framework
Part 3 Books and transactions
Books of original entry and ledgers
Cash books
The analytical petty cash book and the imprest system
Accounting for sales, purchases and returns
The journal
Value added tax (VAT)
Multiple-choice questions: Set 2
Part 4 Adjustments to financial statements
Maths for accounting
Inventory valuation
Bad debts, allowances for doubtful debts, and allowances for prompt payment discounts
Capital expenditure and revenue expenditure
Depreciation
Accruals and prepayments
Multiple-choice questions: Set 3
Part 5 Controls, checks and errors
Control accounts
Bank reconciliations
Errors not affecting the balancing of the trial balance
Suspense accounts and errors
Single entry and incomplete records
Scenario questions
Part 6 Further accounting procedures
Introduction to the statement of cash flows
Receipts and payments accounts and income and expenditure accounts
Joint ventures
Multiple-choice questions: Set 4
Part 7 Accounting for partnerships
Partnerships
Goodwill for sole proprietors and partnerships
Revaluation of partnership assets
Partnership dissolution
Part 8 Accounting for companies
Introduction to accounting for companies
The published financial statements of companies
The statement of cash flows for companies
Part 9 An introduction to financial analysis
Accounting ratios
Analysis and interpretation of financial statements
Part 10 Accounting today
Accounting today
Multiple-choice questions: Set 5
Appendices
Answers to review questions
Answers to multiple-choice questions
Glossary
