A-Z Guide Basic Accounting Skills

Annelize iLiffe

Nov 2017 · Ai Education

About this ebook

This A-Z Accounting guide is specifically written for beginners. It is a continuation of the e-book Learning your Accounting basics. - Simple English. - User-friendly. - Concepts link together, enabling the reader to move successfully onto the next section. - Story format - One concept per page - Learn concepts while practising - Suitable for Accounting/EMS - classroom and home use It covers all the basic concepts including: 1) Introduction, theory and accounting equations. 2) Cash and credit journals (books of first entry) 3) Posting to the General Ledger, balancing the ledger accounts and preparing a Trial Balance. 4) Debtors Ledger (Accounts Receivable Ledger), Debtors Control (Accounts Receivable Control) and Introduction to Bank Statements. 5) Creditors Ledger (Accounts Payable Ledger) and Creditors Control (Accounts Payable Control). 6) Petty cash 7) Mark-ups and gross profit percentages. 8) Income Statement (Statement of Comprehensive Income) 9) Balance Sheet (Statement of Financial Position) 10) Ratios and Interpretation of Financial Statements

Ratings and reviews

Following the time I took to read the book, I can only say this is a culmination of true accounting efficacy. Being in business, this book has indeed opened up my eyes to the ways of reporting of my organization's financial information, including the preparation of financial statements to external users of such information, such as investors, regulators and suppliers. I had done a lot of theory but the book certainly has made application easy, and I love the transition from what I knew to what I know now. With accounting having several subfields or subject areas, including financial accounting, management accounting, auditing, taxation and accounting information systems, understanding all of these can be a nightmare, but the book has incredibly and variously sumplied things. Thank you Anne

This text-book is a top-up on grade 8 one; the exterior is an attraction and the size is handy to carry around; the language is suitable for grade 9; the book can be used by both the teacher and the learner; illustrations, graphs or tables aid the user very friendly; the pricing is reasonable and affordable; the content is not prejudiced; the style is in par with grade 9 ages; the subject-matter is up to date and agrees with daily developing markets; printing and get-up are interesting and attractive; the book can be utilized by rural schools quite beneficially; and It is very helpful to beginner teachers and seasoned educators as well.

A supplement to her previous book, Learn Your Accounting Basics, with clear and concise explanations of accounting principles and practice including cash journals, credit journals, general ledger, petty cash, mark-ups and gross profit percentages, and balance sheets. Not only is this book perfect for teachers and students, it is an excellent book to look into if you are a complete accounting novice. Well done, Annelize!

About the author

Annelize iLiffe Author of beginner e-books: - www.aieducation.co.za - Learn your Accounting basics - A-Z Guide to Accounting basics - Interactive Accounting quizzes