Basic Accounting Concepts, Principles and Procedures, Vol. 2

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9780979149498: Basic Accounting Concepts, Principles and Procedures, Vol. 2

New second edition available in September 2017. First edition is out of print.

Basic Accounting Concepts, Principles, and Procedures Volumes 1 and 2 together provide the student and self-study user the most complete introduction to basic accounting available, at a price that ensures outstanding value. Together, both volumes and included disks provide a package that contains all the individual resources that are typically required of a student in a first-course accounting class, plus extra content that serves both as enrichment and as a practical resource. The materials include:

*Academic-quality texts with comprehensive content explained in an easy-to-understand, step-by step style.
*Templates that provide an unlimited supply of printable accounting paper including worksheets, general journal, special journals, and ledger accounts.
*Practice sets for both merchandising and service businesses.
*End of chapter reviews with hundreds of review questions and reinforcement problems.
*Detailed solutions to questions, problems, and practice sets.
*Cumulative practice tests with solutions and review guidance Internet exercises to guide the reader in building an Accounting Resources folder.

Supplemental Content:
Special tips and practical help, such as a checklist for accounting software, what to do when you cannot balance the checkbook (bank reconciliation) and accounting ethics guidelines;
comprehensive basic math review, beginning at the most elementary level and continuing through decimals, percentages, signed numbers, order of operations, fractions, and basic algebra, all with problems and solutions;
alternative recording techniques and error correction methods.

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.

"synopsis" may belong to another edition of this title.

About the Author:

Gregory Mostyn CPA, MBA, is a professor of accounting at Mission College.

Review:

...economical and understandable...clear explanations and comprehensive content' 'Recommended' --Choice Reviews --the academic division of the American Library Association.'...'written in a simple and clear manner for both slow and fast learners to follow...' '...economical and complete first course coverage' -- Issues in Accounting Education, American Accounting Association'

Gold medal, Axiom Business Book Awards. 'Notable' book award, Hoffer Book Awards; Benjamin Franklin Awards; Reference and Academic/Education, U.S.A. Book News Best Book Awards. -- --Axiom Business Book Awards, Hoffer Book Awards, Benjamin Franklin Awards, U.S.A. Book News

Silver Medal, Axiom Business Books Awards;

'Notable Book' award, Hoffer Book Awards;

Professional Reference category finalist, Benjamin Franklin Awards;

Double-category finalist, (Business Reference and Education/Academic) U.S.A. Book News Best Book Awards --Axiom Business Book Awards, Hoffer Book Awards, Benjamin Franklin Awards, U.S.A. Book News

"About this title" may belong to another edition of this title.

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