Accounting: A Practical Approach is a popular student-friendly text for introductory accounting courses. The text uses an easy-to-read format and provides students with a comprehensive understanding of accounting concepts. It includes detailed, clear and concise explanations of theory, supported by numerous illustrative examples.
Features and Benefits
* Written by experienced TAFE teachers who have drawn on their many years of teaching experience to structure the text in a way that suits the learning needs of TAFE students
* This second edition has been redesigned to address the TAFE revised learning outcomes for accounting, providing TAFE students and teachers with an indispensable resource
* Worked examples and illustrations, self-test questions with answers and examination papers provide students with the opportunity to apply their learning and is perfect for home-study
Table of Contents
Section 1
1. Introduction to accounting - theory and principles
2. Account identification, transaction analysis and accounting equation
3. Service industry accounting-general journal, general ledger, trial balance and introduction to financial reports
4. Retail industry accounting using perpetual inventory-general journal, general ledger, trial balance and introduction to financial reports
5. Special transactions
6. Accounting to trial balance-cash and credit journals using perpetual inventory
7. Subsidiary ledgers-accounts receivable (debtors) and accounts payable (creditors)
8. Petty cash
9. Bank reconciliations
10. End of section examination papers
Section 2
11. Finding profit in the general ledger-service and retail industries. Financial reports-service and retail industries
12. End of period adjustments
13. Final reports including end of period adjustments
14. Work sheets for final reports
15. Correction of errrors
16. Depreciation
17. End of section examination papers
Section 3
18. Solutions to self assessment exercises
About the Authors
Bill Woodford is a former head teacher of accounting with more than 30 years TAFE teaching experience and has worked in advisory roles for a number of commercial organisations.
Valerie Wilson has 24 years experience in the TAFE sector, teaching in the areas of introductory, financial and corporate accounting and has previously worked in internal audit organisation.
Suellen Freeman is a head teacher of accounting and finance with many years TAFE teaching experience.
John Freeman has been teaching accounting and finance at TAFE since 2002 after a long career as an accountant in government and commercial organisations
Target Audience
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Accounting: A Practical Approach supports the delivery of the following competency units in the FNS04 Financial Services Training Package:
* FNSICACC304B
Prepare and bank receipts
* FNSICACC306B
Process journal entries
* FNSICGEN305B
Maintain daily financial/business records
* BSBCMN308A
Maintain financial records
