Previous ed.: 1997.

Includes bibliographical references and index.

The nature of accounting. PART 1 Preparing financial statements. The accounting equation: balance sheets and profit. The extended accounting equation: debits and credits. Accounting systems and financial statements: the basics. Accrual accounting. Depreciation. Bad and doubtful debts. Cost of goods sold. Partnership accounts. Limited company accounts. PART 2 Specialised aspects of accounting. Control systems. Branch accounts. Incomplete records. Accounts of clubs, societies and associations. Principles of auditing. PART 3 Analysing and understanding financial statements. Cash flow statements. Analysis of financial statements 1. Analysis of financial satatements 2. Consolidated accounts: an introduction. Financial reporting in coutries other than the United Kingdom. Limitations of the conventional accounting model. APPENDICES. Further reading. Glossary. Solutions to checkpoint questions. Solutions to selected exercises. Index.

Principles of Financial Accounting 2eByIan Gillespie, Richard Lewis and Kay HamiltonPrinciples of Financial Accounting provides a comprehensive grounding in the main techniques and underlying concepts involved in the preparation and analysis of accounting statements, and their application to various forms of business organisation. This text is written for students with the aim of helping them understand the principles of financial accounting. Designed to encourage students to interact with the material presented, Principles of Financial Accounting helps students' understanding by actually producing and analysing accounting statements. The principles of financial accounting are developed progressively, step by step, in an exceptionally clear style, and extensively illustrated through comprehensive worked examples and self check questions. Key Features? Open, easy to read style which is student friendly and down-to-earth.? Jargon is avoided wherever possible; where it is unavoidable it is fully and clearly explained and illustrated.? Balances a practical and relevant approach with a sound theoretical foundation.?