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 the 13th edition, which is fully compliant with International Financial Reporting Standards (IFRS), all topics have been fully updated. This includes key areas such as computerised accounting and banking, as well as accounting concepts and assumptions. With a brand new Chapter 2 on double entry, and more than 100 new review questions and activities, this edition contains all you need to understand and consolidate the key concepts in accounting in back cover.

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 --- PART 2 THE FINANCIAL STATEMENTS OF SOLE PROPRIETORS --- 7. Statement of profit or loss: an introduction --- 8. Statements of financial position --- 9. Statements of profit or loss 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. Accounting for sales --- 15. Accounting for purchases --- 16. Accounting for returns --- 17. The journal --- 18. The analytical petty cash book and the imprest system --- 19. Value added tax --- 20. Columnar day books --- 21. Payroll accounting ---PART 4 COMPUTERISED ACCOUNTING --- Information technology and accounting --- 23. Computerised information systems --- 24. PART 5 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 6 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 7 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 8 AN INTRODUCTION TO FINANCIAL ANALYSIS --- 47. An introduction to the analysis and interpretation of accounting statements --- PART 9 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..