Accounting can be described as the gathering, reporting and analysis of data to inform decisions that have a far- reaching impact on a business’s profitability and, to a large extent, on society itself. It is the language of the business world and a crucial life skill, not only for those pursuing a career in accounting, but for anyone aspiring to succeed in business. Accounting fundamentals for non accounting students is written by academics with extensive experience in teaching accounting to students outside the discipline.
Accounting fundamentals for non-accounting students focuses on the essential foundations of accounting and covers all four of its key disciplines: accounting, auditing, cost and management accounting and taxation. Each chapter is carefully structured to address the specific needs of nonaccounting students, equipping them with the knowledge and practical insight required for effective decision-making, leadership and success in the business environment.
Contents include the following:
Chapter 1: Accounting definitions
Chapter 2: The basic accounting equation
Chapter 3: Subsidiary journals and general ledger
Chapter 4: Inventory valuation
Chapter 5: Property, plant and equipment
Chapter 6: Financial statements and year-end adjustments
Chapter 7: Cost-volume-profit analysis
Chapter 8: Value-added tax, profit, losses and mark-up
Chapter 9: Business calculations: simple and compound interest
Chapter 10: Bank reconciliation
Chapter 11: The cash budget
Chapter 12: Ethics
