By Janet Walker

This ebook is designed basically for heart and junior managers who take care of monetary details with no particularly figuring out the content material and for college students who're learning accounting as a non-specialist topic, for instance on a company reviews or engineering direction. The ebook will function a simple connection with be used through the direction. it's going to even be really necessary in offering the fundamental grounding that's required sooner than relocating directly to the extra technical and in-depth research of the topic that could be required on a few classes. scholars who're embarking on a process research to turn into a certified accountant will locate this e-book of significant profit.

The ebook covers the elemental ideas and strategies of either monetary and administration accounting, assuming that the reader has no previous wisdom of the subjexts.

Written in a transparent and concise sort the booklet explains accounting rules and terminiology with out using technical jargon. there are many possibilities for readers to check their development with usual evaluation and self-test questions.

The moment variation comprises new fabric all through and the variety of useful routines and real-life examples has been increased. This version additionally displays the requirement for all european indexed businesses to conform with foreign Finacial Reporting criteria.

Janet Walker is a traveling Lecturer within the college of Finance at Cass enterprise university. She additionally provides monetary expertise classes for CIMA and for different enterprises and offers monetary wisdom seminars in residence for a whide varitey of businesses.

* transparent and straightforward to learn
* doesn't use jargon
* makes a speciality of the rules and use of accounting info, instead of the technical element
* offers fabric for self-testing with assessment questions all through to evaluate growth at each one level
* Many totally labored workouts and examples

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Extra resources for Accounting in a Nutshell, Second Edition: Accounting for the non-specialist (CIMA Exam Support Books)

Sample text

In this case it would probably be the amount paid to the supplier for the goods to be sold to the supermarket’s customers, plus distribution costs and store operating costs. It is not so easy to derive the cost of sales for a service organisation. For example, for a haulage company the cost of sales might be the actual costs of providing the haulage service to the customer, including fuel costs and drivers’ wages. It would not include support costs such as those mentioned earlier. Accounting in a Nutshell The cost of sales is deducted from the revenue recognised.

This final total is brought out into the end column to be added to the fixed asset total. The columns have no particular meaning: they are simply providing space to do separate subtotal calculations, so that the right-hand column does not become too cluttered. 3 Capital expenditure and revenue expenditure When money is put into a business there are basically two areas in which it can be invested. It can either be used to purchase items that are going to be kept in the business for several years or can be invested in or used to pay for items that will be used relatively rapidly in the day-to-day running of the business.

Accounting in a Nutshell Charge to income statement £ 50 Year 1 Year 2 Year 3 Year 4 5,000 5,000 5,000 5,000 20,000 Net book value shown in balance sheet at end of year £ 17,000 12,000 7,000 2,000 Notice that the final value shown in the balance sheet at the end of the van’s useful life is £2,000, that is the amount we expect to sell it for. Exercise A landscape gardening company has purchased a new fleet of lawnmowers for £5,000. They expect to use the lawnmowers for three years, after which time they will be sold for a total of £500.

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