Basic Accounting Concepts, Principles, and Procedures Volume 2
Axiom Business Book Awards
Accounting / Taxes Category 2008
Silver Medal
Benjamin Franklin Book Awards 2008
Professional Reference Category
Award Finalist
Hoffer Independent Book Awards
Business Category 2008
Business Book ’Notable’ Award
USA Book News
Best Book Awards 2007
Double-Category Finalist
- Selected Finalist: Business Reference
- Selected Finalist: Education/Academic
Volume 2, like volume 1, is a complete self-study text that provides problems, self-tests, solutions, and unlimited accounting paper for all problems and practice sets in the book. Volume 2 emphasizes the completion of the accounting cycle and the application of GAAP (Generally Accepted Accounting Principles) to key accounts. The completion of the accounting cycle is presented for both service and merchandising companies. The reader here has the ability to select among full treatments of frequently used different merchandising procedures (periodic, perpetual, and different worksheet methods), an option not usually available in most introductory accounting books.
Following completion of merchandising operations, the focus shifts to principles and procedures as they apply to key account types (cash, receivables, merchandise inventory, fixed assets, and current liabilities) and the internal control procedures relating to each. Payroll procedures and payroll recording keeping are included.
The book concludes its introduction to basic accounting with a discussion of financial statement analysis using trends and financial ratios, including a forthright discussion of GAAP strengths and weaknesses. The content also includes methods of financial reporting fraud and important financial warning signs.
The disk with the book contains complete solutions to exercises and problems plus accounting paper templates for an unlimited supply of all types of accounting paper including: general journal, cash receipts journal, cash payments journal, sales journal, purchases journal, combination journal, ledger accounts, worksheets, and various multi-column accounting paper. The book with disk is $34.95.
Basic Accounting Volume 2: Table of Contents
Volume 2 Bonus content:
- Essential Math for Accounting (part 2)
- Content includes ratios, fractions, averages, and a continuing introduction to basic algebra. All topics have extensive problems with solutions.
- Checklist for accounting software functions and features
- Alternative accounting and error correction methods
- Accounting practice sets with solutions