By John R. Dyson
Accounting for Non-Accounting scholars is a hugely reputed textual content for is accessibility and readability. The publication combines effortless language and actual global examples making it excellent for college kids with very little earlier wisdom of economic or administration accounting. The textual content covers the necessities of book-keeping and the principles of accounting in a non-technical sort and teaches scholars the proper questions that all non-accountants should still ask who are looking to excel of their experiences and career. Read more...
Guided journey of the book
List of Abbreviations
Part 1 creation to accounting
1 The accounting world
2 Accounting principles and regulations
Part 2 monetary accounting
3 Recording data
4 Sole dealer accounts
5 Company accounts
6 Other entity accounts
7 Cash stream statements
Part three monetary reporting
8 The annual report
9 The annual accounts
10 Interpretation of accounts
11 modern issues
Part four administration Accounting
13 Direct costs
14 oblique costs
16 typical costing
17 Contribution analysis
18 Decision making
19 Capital investment
20 rising issues
summary: Accounting for Non-Accounting scholars is a hugely reputed textual content for is accessibility and readability. The e-book combines common language and actual international examples making it excellent for college kids with very little previous wisdom of economic or administration accounting. The textual content covers the necessities of book-keeping and the foundations of accounting in a non-technical type and teaches scholars the appropriate questions that each one non-accountants should still ask who are looking to excel of their reports and profession
Read or Download Accounting for Non-Accounting Students, 8th Edition PDF
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Extra resources for Accounting for Non-Accounting Students, 8th Edition
2 What is meant by an ‘entity’? 3 Give three reasons why accounting is an important subject for non-accountants to study. 4 What is meant by the word ‘account’? 5 What name is given to the system that accountants use to record information? 6 What are the three basic questions that the owner of a business might ask? 7 What economic event happened in the UK during the eighteenth century? 8 What happened to the ownership and management of businesses during the nineteenth century? 9 Why did managers in nineteenth century industrial entities require more detailed information?
Sole traders The term ‘sole trader’ is rather misleading for two reasons: ● ● ‘sole’ does not necessarily mean that only one person is involved in the entity; manufacturing and service entities may also be organized as sole traders. 16 PART 1 INTRODUCTION TO ACCOUNTING The term really reflects the ownership of the entity; the main requirement is that only one individual should own it. The owner would normally also be the main source of finance and he would be expected to play a reasonably active part in its management.
CHAPTER 2 ACCOUNTING RULES AND REGULATIONS Learning objectives ! 23 By the end of this chapter you should be able to: ● identify fourteen conventional accounting rules; ● summarize the UK legal requirements covering financial reporting; ● outline the role of the Accounting Standards Board in that process; ● examine the legal authority the International Accounting Standards Board has in UK financial reporting. Why this chapter is important This chapter is important for non-accountants for the following reasons.