Accounting : A foundation [printed text] / Robert Hodge, Author . - London : Cengage Learning, 2008 . - xix, 676 p. : ill (b & w) ; 26 cm.
ISBN : 978-1-84480-805-2

Class number:	657
Abstract:	Accounting: A Foundation is written for any student starting a course of study in bookkeeping and accounting. Based on a new interpretation of the accounting model, the book begins with a clear and coherent introduction to double entry. It then uses the new model to describe and illustrate the financial workings of the limited company.
Contents note:	Part 1 Introduction - 1 Accounting: subject, method and purpose; 2 The accounting model of a business; 3 Money and Value. Part 2 Recording financial events - 4 Analysing simple cash transactions; 5 Credit and the use of promises; 6 Bank and cheque transactions; 7 Borrowing, lending and interest; 8 Involuntary liabilities and one-way transactions; 9 Timing: when to record a transaction; 10 Transactions between a firm and its owner; 11 Recording transactions in separate accounts; 12 Corrections and transfers between accounts; 13 Debits and credits: balancing an account; 14 Reading ledger accounts; 15 The trial balance; 16 Final accounts: a simple profit & loss account; 17 Profit and the accounting equation; 18 A simple balance sheet; 19 Opening stock and cost of sales; 20 The stock account and profit; 21 Elements of the full length profit & loss account; 22 The income statement and the P&L account; 23 Three levels of profit; 24 The extended trial balance Part 3 Reporting Results - profit and net assets 25 An introduction to accounting principles; 26 The presentation of the balance sheet; 27 Fixed assets and depreciation; 28 The provision for depreciation account; 29 Accounting for fixed asset disposals; 30 Fixed asset disposals - quick method; 31 Estimating annual depreciation; 32 Revenue and capital; 33 Depreciation in context; 34 Profits, losses and movements of money; 35 Accruals and prepayments; 36 Deferred income and accrued income; 37 Accruals, etc, in the extended trial balance; 38 Accruals, etc. as time-shifts; 39 Accounting software and post-trial balance adjustments; 40 Matching: accruals etc. in context; 41 Provisions and potential liabilities; 42 Maintaining, changing, or releasing a provision; 43 Transactions that have been provided for; 44 Provisions: matching future expenditure against current revenue; 45 Rolling provisions; 46 The misuse of provisions; 47 Accounting for discounts; 48 Bad debt write off and recovery; 49 Provision for doubtful debts; 50 Specific provisions and year-end accounting for debtors; 51 Accounting for VAT; 52 Cost of sales in a manufacturing firm; 53 Stock valuation: cost & net realisable value; 54 Stock flow assumptions: LIFO, FIFO, & AVCO; 55 Absorption costing and marginal costing; 56 Insolvency and its consequences Part 4 The Limited Company 57 Incorporation & the limited company; 58 The issue of shares in a new company; 59 Accounting for profits & losses; 60 Accounting for the payment of dividends; 61 Capital maintenance and dividend policy; 62 The market value af a share; 63 Rights issues; 64 Debentures, preference shares and earnings; 65 Equity: share capital and reserves; 66 Reserves & bonus issues; 67 Additional financial statements Part 5 Understanding company financial statements 68 Profitability; 69 Borrowing and the effects of gearing; 70 The gearing ratio; 71 Working capital & liquidity; 72 The working capital cycle; 73 Profit & sales ratios; 74 Investment ratios Part 6 Conclusion 75 Next steps: accounting standards; 76 Further Reading.