Essential Bookkeeping and Financial Accounting

This Essential Study Guide covers the key elements of bookkeeping and financial accounting including:
The context and purpose of financial reporting
Qualitative characteristics of financial information
The accounting equation and double-entry bookkeeping
Recording transactions: sales, purchases and cash
Inventory
Non-current assets
Accruals and prepayments. Receivables and payables
Provisions and contingencies
Capital structure and finance costs
Trial balance, correcting errors and suspense accounts
Control accounts and bank reconciliations
Preparing financial statements
Statements of cash flows
Incomplete records
Consolidated financial statements
Associates
Interpretation of financial statements