Australian practical accounting guide [2nd edition.] 9781922347039, 1922347035

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English Pages [384] Year 2020

Australian practical accounting guide [2nd edition.]
9781922347039, 1922347035

Author / Uploaded
Stephen J. Marsden; CCH Australia Limited

Table of contents :
Product Information
INTRODUCTION TO BOOKKEEPING
USERS OF ACCOUNTING INFORMATION
TYPES OF BUSINESS ENTITIES
ACCOUNTING ASSUMPTIONS
CONTENT OF EXTERNAL FINANCIAL STATEMENTS
RECORDING TRANSACTIONS
THE ACCOUNTING EQUATION REVISITED
ACCOUNTS
ADJUSTING ENTRIES AND PREPARATION OF THE FINANCIAL STATEMENTS
MEASUREMENT OF PROFIT
PREPARING ADJUSTING ENTRIES
THE ADJUSTED TRIAL BALANCE
CLOSING ENTRIES
ACCOUNTING FOR GST
TAX PERIODS
COMPLETING THE BUSINESS ACTIVITY STATEMENT
ACCOUNTING FOR CASH, DEBTORS AND CREDITORS
CONTROLS OVER CASH
PETTY CASH
BANK RECONCILIATIONS
ACCOUNTS RECEIVABLE
ACCOUNTS PAYABLE
ACCOUNTING FOR INVENTORY
VALUATION OF INVENTORY
ACCOUNTING FOR NON-CURRENT ASSETS
DEPRECIATION OF PROPERTY, PLANT AND EQUIPMENT
The choice of depreciation method
SALE OF DEPRECIABLE ASSETS
FINANCING OPTIONS
Leases
Hire Purchase
Chattel mortgage
INTANGIBLE ASSETS
FINANCIAL STATEMENT ANALYSIS
HORIZONTAL ANALYSIS
VERTICAL ANALYSIS
RATIO ANALYSIS
Profitability ratios
Liquidity ratios
Financial stability ratios
GLOSSARY OF TERMS
INDEX
A
B
C
D
E
F
G
H
I
L
M
N
O
P
Q
R
S
T
U
V
W