Practical accounting

Almost every qualification offered at tertiary institutions requires students to have basic accounting knowledge, yet few if any textbooks cater for those who have not done accounting as a matric subject. Practical accounting is therefore written for non-accounting students who need to gain the skills to comprehend accounting transactions and interpret financial statements.
Practical accounting has integrated topics in financial accounting and cost accounting, providing a broad overview that ranges from an introduction to fundamental principles to the preparation, analysis and interpretation of financial statements. The chapters are presented in an easily understandable format and have been structured to suit the new programmes of non-accounting students at the various universities and universities of technology in South Africa. There are many practical examples and self-assessment questions that will help students to master the basics of accounting.
Contents include the following:
Accounting fundamentals
Framework for the preparation and presentation of financial statements
Business and professional ethics in accounting
Bank reconciliation statements
Property, plant and equipment
Preparation of annual financial statements
Statement of cash flows
Analysis and interpretation of financial statements
Basic cost accounting
Manufacturing statements, accounts and statements
Cost-volume-profit analysis
Budgets
Payroll
Practical accounting is aimed at students doing qualifications in marketing, human resources, logistics, engineering, information technology, retail management, advance operations management, advance business administration and so on, who have no previous accounting experience.