Book-Keeping & Accounts
7th edition


By Frank Wood and Sheila Robinson
Financial Times / Prentice Hall
Distributed by Trans-Atlantic Publications Inc.
April 2009
ISBN: 9780273718055
624 Pages, Illustrated
$87.50 paper original


The highly successful Book-keeping and Accounts is an essential textbook for students undertaking studies of book-keeping and accounting for the first time. It is a well recognised text used by lecturers’ teaching students undertaking the Association of Accounting Technicians (AAT) Foundation and Intermediate Examinations, The AAT’s Diploma Pathway, International Association of Book-keepers (IAB), A Level Examinations, Oxford Cambridge and Royal Society of Arts (OCR) and as a general foundation text for personel employed in the accountancy profession.

Features
This new, fully updated 7th edition, boasts a number of new features:

FEATURES
* presentation of financial statements updated in the light of recent legislation to the Companies Act 2006, as well as changes in financial terminology and the growing use of computer software packages for recording financial data.
* inclusion of ‘Professional Ethics’ in the workplace has also been introduced with this topic now being part of many of the examining bodies curriculum.
* includes four new chapters as follows: The Accounting Cycle; Business Documents; Computers and Accounting Systems; Professional Ethics
* ‘Learning Objectives’ at the beginning of each chapter updated to reflect changes in both the financial environment and any changes in the accountancy examining bodies syllabuses. The ‘Chapter Summary’ is also revised to enable students to recall the main learning objectives of the chapter.
* throughout the book there is a full revision of the financial data in both examples and questions to reflect the current value of assets, liabilities and capital. * chapter on ‘Banking’ revised and updated to reflect changes in the banking system, and additional examples and questions, including VAT, have been added to the ‘Journal’ chapter.
* attractive new full colour design, with fully redesigned diagrams and flowcharts
* additional examples and questions added with the use of past examination questions wherever possible

Table of Contents

PART 1 Introduction to Accounting Principles
1. Introduction to accounting
2. The accounting cycle
3. The accounting equation and the balance sheet
4. The double entry system for assets, liabilities and capital
5. The double entry system for the asset of stock
6. The double entry system for expenses and revenues
7. Balancing off accounts
8. The trial balance
9. Capital and revenue expenditure

PART 2 The financial statements of a sole trader
10. Trading and profit and loss accounts: an introduction
11. The balance sheet
12. Financial statements: further considerations
13. Accounting concepts

PART 3 Books of original entry
14. Business documentation
15. Division of the ledger – Sales day book and sales ledger
16. Purchases day book and purchases ledger
17. Sales returns day book and purchases returns day book
18. Value added tax
19. Sales and purchases day books and ledgers with VAT
20. The banking system
21. Cash books
22. Petty cash and the imprest system
23. The journal
24. Control accounts
25. Bank reconciliation statements

PART 4 Adjustments to financial statements
26. Methods of depreciation
27. Double entry records for depreciation and the disposal of assets
28. Bad debts and provision for doubtful de
29. Other adjustments for financial statements
30. Extended trial balance
31. Stock valuation
32. Errors and their effect on accounting records
33. Suspense accounts and errors

PART 5 Financial statements of other organisations
34. Single entry and incomplete records
35. Club and society accounts
36. Partnership accounts
37. Limited company accounts
38. Manufacturing accounts
39. Analysis and interpretation of accounts

PART 6 Other considerations
40. Computers and accounting systems
41. Professional ethics

Appendices
A Glossary of accounting terms
B Model layouts for financial statements and worksheets
C Multi-choice questions
D Answers to multi-choice questions
E Answers to exercises

Back Cover
The highly successful Book-keeping and Accounts is an essential textbook for students undertaking studies of book-keeping and accounting for the first time. It is a well recognised text used by lecturers’ teaching students undertaking the Association of Accounting Technicians (AAT) Foundation and Intermediate Examinations, the AAT’s Diploma Pathway, International Association of Book-keepers (IAB), A Level Examinations, Oxford Cambridge and RSA Examinations (OCR) and as a general foundation text for people employed in the accountancy profession. This new, fully updated 7th edition, boasts a number of new features:

FEATURES
* presentation of financial statements updated in the light of recent legislation to the Companies Act 2006, as well as changes in financial terminology and the growing use of computer software packages for recording financial data
* inclusion of ‘Professional Ethics’ in the workplace has also been introduced with this topic now being part of many of the examining bodies curriculum
* includes four new chapters as follows: The Accounting System; Business Documentation; Computers and Accounting Systems; Professional Ethics
* ‘Learning Objectives’ at the beginning of each chapter updated to reflect changes in both the financial environment and any changes in the accountancy examining bodies’ syllabuses.The ‘Chapter Summary’ is also revised to enable students to recall the main learning objectives of the chapter
* throughout the book there is a full revision of the financial data in both examples and questions to reflect the current value of assets, liabilities and capital
* ‘Business Banking’ chapter revised in respect of the banking system and recent developments in the way money is transferred.
* additional examples and questions, including VAT, have been added to the ‘Journal’ chapter
* attractive new full colour design, with fully redesigned diagrams and flowcharts
* additional examples and questions added with the use of past examination questions wherever possible.

The new 7th edition of Book-keeping and Accounts is an up to date, attractive and comprehensive accountancy textbook that provides a progressive approach to learning and developing the skills of accounting. It covers the requirements of the accountancy professional bodies’ examinations, including AAT, IAB, A Level and OCR. Frank Wood is the world’s best-selling author of accounting textbooks.

Sheila Robinson, BA (Hons) CertEd, FMAAT, is a former senior lecturer in Accountancy and Business Studies. A practising accountant and consultant, she is a former council member and director of a professional accountancy body and is a well-established author or a number of accountancy textbooks.



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