About the book

Accounting: A Foundation is written for any student starting a course of study in bookkeeping and accounting. Based on a new interpretation of the accounting model, the book begins with a clear and coherent introduction to double entry. It then uses the new model to describe and illustrate the financial workings of the limited company. As a general introduction, the book covers the accounting knowledge required by non-specialist students of business and management as well as those who will go on to study accounting in depth.
In UK further education, the book is suitable for courses aimed at AAT Foundation, BTEC HND, A-Level, RSA, LCCI, GCSE, and introductory levels of the main professional bodies such as ACCA, CIMA, ICSA, CIPFA and the main English, Scottish and Irish professional bodies - the ICAEW, the ICAS and the ICAI. In effect this means anywhere that a knowledge of the technical aspects of bookkeeping is required. There are equivalent courses at this level in all countries of the world. In higher education the book is suitable for undergraduate courses in accounting and business where the tutor wishes to teach the technical background to accounting thoroughly. This readership extends to the non-specialist market, as some teachers wish to teach double entry to students even though they may be on an appreciation course. Undergraduates who specialise in accounting, eg those doing a BA Accounting and Finance (in Europe the Economics route) or combined/joint degree with languages will need to study the technical aspects of accounting in depth in order to progress to modules on intermediate and advanced accounting.

Features

• The book provides greater relevance by starting from a new, concrete presentation of the double entry model which is a recognisable picture of real business activity
• The text clearly visualises the double entry through the dynamic and colourful exposition used in diagrams and examples
• The book provides plenty of opportunities for students to practise by using a set of graded drills and exercises that follow each chapter. The drills in particular provide intensive practice of the point at issue and are pedagogically superior to the exam questions often used in accounting textbooks, which are more suited to summative assessment at the end of a course of study
• The book places the development of accounting in the context of the great changes that have taken place in modern economic and financial history.
• It emphasises the importance of accountability, and the role of accounting in making the powerful answerable to those who appoint them