ESCP Europe

"The world's best-selling textbook on book-keeping and accounting, Business Accounting Volume 1 continues to provide an indispensible introduction for students and professionals across the globe. It is renowned for clarity, with easy-to-understand language and a plethora of examples to aid your understanding" - in jacket.

PART 1 INTRODUCTION TO DOUBLE ENTRY BOOKKEEPING --- 1. The accounting equation and the statement of financial position --- 2. The double entry system for assets, liabilities and capital --- 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 --- PART 2 THE FINANCIAL STATEMENTS OF SOLE TRADERS --- 7. Income statements: an introduction ---8. Statements of financial position --- 9. Income statements and statements of financial position: further considerations --- 10. Accounting concepts and assumptions --- PART 3 BOOKS OF ORIGINAL ENTRY --- 11. Books of original entry and ledgers --- 12. The banking system in the UK --- 13. Cash books --- 14. Sales day book and sales ledger --- 15. Purchases day book and purchases ledger --- 16. Returns day books --- 17. The journal --- 18. The analytical petty cash book and the imprest system --- 19. Value added tax --- 20. Columnar day books --- 21. Employees' pay --- 22. Computers and accounting --- 23. Computerised accounting systems --- PART 4 ADJUSTMENTS FOR FINANCIAL STATEMENTS --- 24. Capital expenditure and revenue expenditure --- 25. Bad debts, allowances for doubtful debts, and provisions for discounts --- 26. Depreciation of non-current assets: nature and calculations --- 27. Double entry records for depreciation --- 28. Accruals and prepayments and other adjustments for financial statements --- 29. The valuation of inventory --- 30. Bank reconciliation statements --- 31. Control accounts --- 32. Errors not affecting the balancing of the trial balance --- 33. Suspense accounts and errors - Scenario questions --- PART 5 SPECIAL ACCOUNTING PROCEDURES --- 34. Introduction to accounting ratios --- 35. Single entry and incomplete records --- 36. Receipts and payments accounts and income and expenditure accounts --- 37. Manufacturing accounts --- 38. Departmental accounts --- 39. Statements of cash flows --- 40. Joint venture accounts --- PART 6 PARTNERSHIP ACCOUNTS AND COMPANY ACCOUNTS --- 41. Partnership accounts: an introduction --- 42. Goodwill for sole traders and partnerships --- 43. Revaluation of partnership assets --- 44. Partnership dissolution --- 45. An introduction to the financial statements of limited liability companies --- 46. Purchase of existing partnership and sole traders' businesses --- PART 7 AN INTRODUCTION TO FINANCIAL ANALYSIS --- 47. An introduction to the analysis and interpretation of accounting statements --- PART 8 AN INTRODUCTION TO MANAGEMENT ACCOUNTING --- 48. An introduction to management accounting --- APPENDICES --- 1. Answers to review questions --- 2. Answers to multiple-choice questions --- 3. Glossary --- Index..