About Financial Accounting Volume 1 (8th Edition)

Description:

Master the language of business. About Financial Accounting Volume 1 is the industry-standard textbook for South African students beginning their journey toward becoming Chartered Accountants or financial professionals. This 8th Edition provides a rigorous introduction to the accounting cycle, focusing on the practical application of IFRS (International Financial Reporting Standards) in a local context.

Why this Textbook is a BCom Essential:

• Foundation Building: Covers the entire accounting process from source documents and journals to the preparation of financial statements.

• VAT Integrated: Includes specific chapters on Value Added Tax (VAT) accounting, tailored to South African SARS requirements.

• IFRS Compliant: Ensures you are learning the latest international standards used by professional auditors and accountants.

• Practice Oriented: Filled with worked examples and graded questions that reflect the difficulty level of university tests and exams.

Key Topics Covered:

• The Accounting Equation: Understanding the relationship between Assets, Liabilities, and Equity.

• Double Entry System: Mastering debits and credits and the ledger account structure.

• Bank Reconciliation: Learning how to reconcile business records with bank statements.

• Inventory Systems: Detailed looks at Perpetual vs. Periodic inventory methods.

• Financial Statements: Preparing the Statement of Profit or Loss and the Statement of Financial Position.

Key Specifications:

• ISBN-13: 9780639008646

• Author: P. Berry (Editor)

• Publisher: LexisNexis South Africa

• Edition: 8th Edition (Latest)

• Format: Physical Softcover

Condition Note:

This textbook is in very good condition.