The essence of financial accounting

Included Index.

Introduction. The Concepts of Financial Accounting. The Recording System. The Profit and Loss Account. The Balance Sheet. Depreciation of Fixed Assets. Preparing a Profit and Loss Account and Balance Sheet from a Trial Balance. Funds Flow and Cash Flow Statements. Ratio Analysis: The Interpretation of Financial Statements. The Published Accounts of Companies. Appendix.Answers to Self-Assessment Questions.

A broad-based, concise and contemporary introduction to the key concepts and practical aspects of preparing, presenting and interpreting financial accounting statements. The text includes illustrations, worked examples, self-assessment questions and answers.