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Frank Wood's Business Accounting 16th edition

Paperback by Sangster, Alan; Gordon, Lewis

Frank Wood's Business Accounting

£58.99

ISBN:
9781292727783
Publication Date:
5 May 2025
Edition/language:
16th edition / English
Publisher:
Pearson Education Limited
Pages:
928 pages
Format:
Paperback
For delivery:
Not yet available: due May-2025
Frank Wood's Business Accounting

Description

The industry-leading book in accounting methods and techniques, ideal for anyone taking a first course in financial accounting at university or college. "Essential for introductory accounting teaching for both specialist and non-specialist students. It skilfully progresses from the basics, employing insightful examples and questions for effective experiential learning." Kudz Munongi, Senior Lecturer in Finance and Accounting, University of Sunderland Frank Wood's Business Accounting, 16th edition, is known for its clear, readable style and is one of the world's best-selling textbooks on financial accounting. Ideal for those new to the field, as well as the more experienced students and professionals, this textbook will introduce you to essential ideas and methods in financial accounting - from the all-important terminology and techniques to the key financial statements. Key features include: Short, manageable chapters, allowing you to build up your knowledge step by step A wide range of in-chapter activities and end-of-chapter questions, many of which are new for this edition, enabling you to continually test your understanding Substantial updates to more than half of the 35 chapters, ensuring continued alignment with modern accounting techniques as well as incorporating an increased number of in-chapter worked examples Integrated, up-to-date coverage of relevant International Financial Reporting Standards (IFRS) Answers at the end of the bookr so you can learn as your you practice, and solidify your knowledge. Used by generations of students across the world, this hugely popular text provides a thorough and up-to-date introduction to the subject, including all the financial accounting fundamentals required by major accountancy exam bodies. "Frank Wood's Business Accounting is an easy-to-read introductory financial accounting textbook that provides numerous worked examples and end-of-chapter questions of increasing complexity, which allows the reader to build up their accounting knowledge in a logical manner." Associate Lecturer, The Open University Pair this text with MyLab®Accounting MyLab®Accounting enables students to master concepts and develop their accounting skills. By combining a range of over 775 varied questions and accounting problems with flexible tools to help students at point of need and short videos on crucial concepts,?MyLab engages students and improves results.? MyLab® Accounting is not included with this title. If you would like to purchase both the physical textbook and MyLab®Accounting (which also comes with the eBook), search for:? 9781292459578 Frank Wood's Business Accounting, 16th edition 'MyLab via Bundle', which consists of:? Print textbook eTextbook MyLab®Accounting Students, MyLab® should only be purchased when required by an instructor. If MyLab is a recommended/mandatory component of the course, please check with your instructor for the correct ISBN. Instructors, contact your Pearson representative for more information.

Contents

Contents Notes for teachers and lecturers Notes for students Publisher's acknowledgements Part 1 Introducing financial accounting and the double entry system Introducing financial accounting and the balance sheet The double entry system for assets, liabilities and capital The double entry system for income and expenses Double entry for purchases and sales of inventory Balancing off ledger accounts The trial balance Multiple-choice questions: Set 1 Part 2 The financial statements of sole traders Income statements Balance sheets Income statements and balance sheets: further considerations Accounting concepts and the Conceptual Framework Part 3 Adjustments before preparing financial statements The valuation of inventory Bad debts and allowances for doubtful debts Capital expenditure and revenue expenditure Non-current assets: depreciation and disposals Accruals and prepayments Multiple-choice questions: Set 2 Part 4 Books of original entry Books of original entry, source documents, and ledger systems A system for recording sales and purchases made on credit terms The cash book and the petty cash book The journal and the payroll Value added tax (VAT) Multiple-choice questions: Set 3 Part 5 Controls, checks and errors Bank reconciliations Control accounts for trade receivables and trade payables Errors not affecting trial balance agreement Suspense accounts and errors Single entry and incomplete records Scenario questions Part 6 Further financial accounting procedures Introduction to the statement of cash flows Receipts & payments accounts and income & expenditure accounts Multiple-choice questions: Set 4 Part 7 Accounting for partnerships Introduction to accounting for partnerships Goodwill for sole traders and partnerships Revaluation of partnership assets Partnership dissolution Part 8 Accounting for companies Introduction to accounting for companies The published financial statements of companies The statement of cash flows for companies Part 9 An introduction to interpreting financial statements Ratio analysis and the interpretation of financial statements Multiple-choice questions: Set 5 Appendices Answers to review questions Answers to multiple-choice questions Glossary Index

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