Accounting Fundamentals For Non-Accounting Students

Accounting can be described as the gathering, reporting and analysis of data to inform decisions that have a far- reaching impact on a business’s profitability and, to a large extent, on society itself. It is the language of the business world and a crucial life skill, not only for those pursuing a career in accounting, but for anyone aspiring to succeed in business. Accounting fundamentals for non accounting students is written by academics with extensive experience in teaching accounting to students outside the discipline.

Accounting fundamentals for non-accounting students focuses on the essential foundations of accounting and covers all four of its key disciplines: accounting, auditing, cost and management accounting and taxation. Each chapter is carefully structured to address the specific needs of nonaccounting students, equipping them with the knowledge and practical insight required for effective decision-making, leadership and success in the business environment.

Contents include the following:

Accounting definitions
The basic accounting equation
Subsidiary journals and general ledgers
Inventory valuation
Property, plant and equipment
Financial statements and year-end adjustments
Cost-volume-profit analysis
Value-added tax (VAT)
Profit, losses and mark-up
Business calculations
Bank reconciliation
Cash budgets
Ethics