Cima Study Text: Stage 2 Paper 6 - Financial Accounting (6/90)

Cima Study Text: Stage 2 Paper 6 - Financial Accounting (6/90)

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One of a series of regularly updated Study Texts providing coverage of the examinations of Chartered Institute of Management Accountants (CIMA), this workbook covers the entire syllabus and includes numerous questions from past examinations with full suggested solutions. As well as maintream financial accounting, there are two topics which set this paper apart - public sector accounting and internal control and audit. Both are given comprehensive coverage in the BPP text. This text includes recent developments in financial accounting such as the publication of revised versions of SSAP6 on extraordinary items and SSAP12 on depreciation.
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Product details

  • Paperback | 550 pages
  • 205 x 290mm
  • BPP Publishing Ltd
  • London, United Kingdom
  • Revised
  • Revised edition
  • 0862777925
  • 9780862777920

Table of contents

Part 1 The preparation and regulation of accounts: introduction to the accounts of limited companies; fixed assets - tangible assets; fixed assets - intangible assets and investments; stocks and work in progress; taxation in company accounts; accounting for deferred taxation; accounting for value added tax; extraordinary items and prior year adjustments; earnings per share; accounting for post balance sheet events; accounting for contingencies; miscellaneous balance sheet disclosures; the profit and loss account; modified accounts; the directors' report and auditors' report; statements of source and application of funds; accounting for changes in price levels; illustrative exercises; suggested solutions; published accounts - an approach to examination questions. Part 2 Group accounts: constitution of a group; balance sheet - basic principles; illustrative exercises; suggested solutions; balance sheet - inter-company profits; consolidated profit and loss account. Part 3 Specialized transactions: branch accounts - records in head office books, separate entity; credit sale, hire purchase and leasing; bills of exchange; royalty accounts; container accounts; joint venture accounts; conversion to a limited company; issue of shares an debentures; redemption of shares and debentures. Part 4 Public sector accounting: introduction; central government accounting; accounting for local government; accounting for nationalized industries; accounting for the NHS; accounting for the water industry. Part 5 Performance: interpretation of accounts - ratio analysis. Part 6 Internal control and audit: internal control; computerized systems; authorization of expenditure; sundry topics; verification of assets and liabilities; detaction and prevention of fraud. Appendix: multiple choice test.
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