Accounting for Business: A Guide for Non-Accountants Information Center: Table of Contents


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	Student Edition
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Accounting for Business: A Guide for Non-Accountants, 2/e

Ray Jopling, Chisolm TAFE
Peter Lucas, Chisolm TAFE
Gary Norton

Preface	vi
Acknowledgments	vii

Chapter 1 Accounting concepts	1
Objectives Accounting entity Classification of assets, liabilities and owner's equity Liabilities The accounting equation Accounting equation transactions Summary Solutions to activities Exercises	1 2 2 4 5 6 10 10 13
Chapter 2 Double entry bookkeeping	17
Objectives Principles of the double entry bookkeeping system Rules of debits and credits Flow of information Journals and ledgers Ledger accounts Recording transactions in ledger accounts Trial Balance Summary Solutions to activities Exercises	17 18 18 19 20 24 26 29 31 31 34
Chapter 3 Financial accounting reports	35
Objectives Statement of Financial Performance Gross profit and net profit Cash and accrual accounting systems Balance day adjustments Definitions Statement of Financial Position Statement of Financial Position and Statement of Financial Performance Appropriation Statement Cash Flow Statement Financial reports Summary Solutions to activities Exercises	35 36 41 41 41 42 45 48 50 51 52 55 55 56
Chapter 4 Limitations of accounting reports	61
Objectives Accounting principles Principles on the measurement of assets, revenue and expenses Summary Exercises	61 62 62 64 64
Chapter 5 Basic accounting standards	65
Objectives Role of accounting standards Australian Accounting Research Foundation (AARF) and the Australian Accounting Standards Board (AASB) Development of Australian Accounting Standards (AAS) Conceptual framework Financial reports Compliance requirements for GST and PAYG Summary Exercises	65 66 66 66 67 69 69 78 78
Chapter 6 Analysis of basic financial statements	81
Objectives Comparisons and trends in financial statement analysis Calculating ratios Analysing and preparing a report Summary Solutions to activities Exercises	81 82 82 89 91 91 92
Chapter 7 Costing concepts	97
Objectives Product and service costing Costing terms Accounting for manufacturing overhead Inventories associated with manufacturing organisations Cost accounting systems Inventory valuations Summary Solutions to activities Exercises	97 98 98 101 101 102 102 104 104 104
Chapter 8 Short-term decision-making techniques	107
Objectives Incremental benefits and incremental costs Incremental analysis Relevant and irrelevant information Decision-making situations Changes in sales volume Cost-volume-profit analysis Contribution margin Contribution margin calculation Break-even point Desired profit Application of cost-volume-profit analysis Summary Solutions to activities Exercises	107 108 108 108 109 115 115 116 116 116 120 121 123 123 126
Chapter 9 Capital investment analysis	131
Objectives Capital investment decisions Non-discounting models Advantages and limitations of non-discounting models The time value of money in capital budgeting decisions Calculation of discounting models Advantages and disadvantages of discounting models Long-term decision-making techniques Summary Solutions to activities Exercises	131 132 132 134 135 136 136 136 139 139 140
Chapter 10 Basic budgetary controls	143
Objectives System of management Formal budgeting process Behavioural aspects of budgeting Operating and financial budgets Master budget Flexible budgeting/performance reporting Summary Solutions to activities Exercises	143 144 144 145 146 147 147 149 149 150
Glossary	153
Appendix: Present value tables	157
Solutions to exercises	161
Index	189

Accounting for Business: A Guide for Non-Accountants

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