Financial literacy can be a daunting ‘subject’ especially for non-accounting students, new entrepreneurs and others who are unfamiliar with financial accounting and personal finance. Relax, this need not be the case for you. Although, there are textbooks which cater for accounting/non-accounting students, this is an ‘engaging’ non-accounting and personal finance students’ textbook with South African authors, flair and context. Financial Literacy for the 21st Century: An accounting and personal finance perspective has step by step scholarly questions per chapter to help and guide you to develop basic accounting skills, understand financial statements and personal finance.
Financial Literacy for the 21st Century: An accounting and personal finance perspective chapters facilitate easy understanding of basic financial accounting, inventories, cash budget, preparation and analysis of financial statements in accordance with International Financial Reporting Standards (IFRS), core elements of money management, and payroll. It is suitable for tertiary-level students, new entrepreneurs, Master of Business Administration (MBA) or Master of Business Leadership (MBL) students and others who want to become more self-aware of financial matters and become financially literate. There are many practical examples, self-assessment questions, lecture support material (available to prescribing academics) which will guide and support the reader towards using this financial knowledge and skills to manage financial resources effectively over time.
Contents include the following:
Chapter 1: The conceptual framework for financial reporting
Chapter 2: Accounting equation
Chapter 3: General ledger and trial balance
Chapter 4: Subsidiary journals
Chapter 5: Accounts receivable and accounts payable
Chapter 6: Inventory
Chapter 7: Tangible assets and disposal
Chapter 8: Presentation of financial statements
Chapter 9: Analysis and interpretation of financial statement
Chapter 10: Cash budget
Chapter 11: Labour
Chapter 12: Personal finance
