Aat Study Text: Intermediate 5 - Accounting (4/90)

Aat Study Text: Intermediate 5 - Accounting (4/90)

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One of a series of regularly updated Study Texts providing coverage of the examinations of the Association of Accounting Technicians (AAT), this covers the entire syllabus and includes numerous questions from past examinations with full suggested solutions. This study is designed to provide a self-contained course of study for students attempting paper 5 of the Intermediate Stage of the examination of the Association of Accounting Technicians. As an introductory text on basic accounting, however, it is likely to be useful to anyone beginning this subject. No previous knowledge of accounting is assumed.
Separate sections of this text deal in detail with an introduction to business accounting, which introduces important accounting items such as assets and liabilities, profit, capital and the main accounting statements, accounting statements in practice, which describes how to account for particular items such as fixed assets, depreciation, provisions, accruals and prepayments, and also describes the double-entry theory of ledger accounting, other aspects of financial statements, which explains the workings of control accounts, suspense accounts, bank reconciliations and incomplete records. This section also covers the important topic of accounting concepts; different types of accounts, covering the preparation of financial statements for non-trading organisations, partnerships, manufacturing businesses and limited companies, the interpretation of financial statements, which provides an introduction to the objectives of financial statements, ratio analysis and the operating cycle.
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Product details

  • Paperback | 450 pages
  • 205 x 290mm
  • BPP Publishing Ltd
  • London, United Kingdom
  • Revised
  • Revised edition
  • 0862773466
  • 9780862773465

Table of contents

Part 1 Introduction to business accounting: assets, liabilities and the accounting equation; introduction to the balance sheet and trading and profit and loss account. Part 2 Financial statements in practice: the cost of goods sold - accruals and prepayments; discounts, bad debts and provisions; fixed assets - depreciation, revaluation and disposal; ledger accounting; ledger accounting - further aspects; books of prime entry, the sales ledger and the purchase ledger; bills of exchange; valuation and accounting treatment of stock in hand; intangible fixed assets; accounting for value added tax. Part 3 Other aspects of accounting statements: bank reconciliations; control accounts; suspense accounts; incomplete records; accounting concepts. Part 4 Different types of accounting statements: income and expenditure accounts; partnership accounts; limited companies; manufacturing accounts. Part 5 Interpretation of financial statements: objectives of financial statements; interpretation of accounting statements - ratio analysis; the operating cycle and working capital ratios.
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